Affordability: Compare by Health Insurance Rates
The monthly rate is a good place to start because it helps you to narrow your focus to consider only plans that are within your budget. For example, let’s say you’ve decided that you don’t want to spend over $200 per month. That’s going to eliminate a lot of potential health insurance plans from your consideration. You’ll find that our health insurance quote system will allow you to set premium limit on the health insurance rates that you are shown, a big help in comparing only those plans that fall within your budget.
Compare Health Insurance Companies
You’ll find it easy to select only the brand name health insurance companies that you want to compare. We provide information on most well known health insurance companies as well as smaller regional carriers. Each company has scores of different health insurance plans. You may only want to compare the health insurance plans offered by one or two carriers.
Compare Health Plan Deductibles
Generally, affordable health insurance with high deductibles have lower premiums than plans with lower deductibles. Our health insurance quote system makes it easy for you to select a deductible limit. For instance, you may decide that you do not want to compare health insurance plans with deductibles higher than $2500 per year.
Copay vs Coinsurance
Traditional health plans have a copayment for office visits, prescription drugs and occasionally for emergency room visits. A typical office visit copay for an individual PPO plan would be between $25-40, prescription drug copay between $10-50 and ER visit copay $100, though the latter is usually subject to the deductible and coinsurance. I’ll come back to what this means later. If your plan has a copayment and you visit the doctor or the pharmacy, you’ll be asked to pay a set amount at the time of service.
Coinsurance works differently. There are certain expenses, usually hospital related, that you will need to pay for until you meet your annual deductible. If you meet your deductible you will usually also be responsible for a percentage of your expenses thereafter up to a total out of pocket amount ranging anywhere from $2,000-5,000 per year. A typical coinsurance would be 20% which means that you would be responsible for 20% of your expenses once you have met your deductible. Coinsurance is most often capped which means that, even if you had, for example, $200, 000 in medical expenses in any one year, you would only be responsible for, say, $5000 during that calendar year. Its purpose in requiring that the consumer accept responsibility for a percentage of their health expenses while the insurance company takes on the greater risk associated with critical illnesses means that the cost of the insurance is kept to as low as possible.
Compare Maximum Out-of -Pocket Expenses
The maximum out-of-pocket provision of a health insurance policy says that no matter what the benefits or an individual health insurance plan, the insurance company will cover 100% of all covered medical expenses beyond a certain dollar figure. You need only find what the maximum out-of-pocket expense to see clearly what your total exposure to medical risk is for that policy.
We have a lot more health insurance information available throughout our site. If you would like help with your health insurance comparisons, call us at 800-557-5693. We are here to help 9 AM to 5 PM Pacific time. Our rates are the same as if you were to purchase your plan directly from the insurance company, since premiums are regulated at the state level. You can also get started on your quote online with us anytime.
Shop for health insurance coverage at HealthcareShopper.com. We offer thousands of health plans underwritten by more than 100 of the nation’s health insurance companies. Compare health plan side by side, get health insurance quotes, apply online and find affordable health insurance today.