An Informative Guide to Buying Your Health Insurance

Are you in the market trying to purchase health insurance policy but not certain where to begin with? There are a lot of things that will set the course of your decision in choosing the best health care plan that suit your needs.



What to Be Considered when Selecting a Health Plan?


Yes it is true that there are a lot of things that go in the selection. But in reality, there are only 5 major points that you must focus on. These are the Deductibles, the Network, Providers, Prescriptions and lastly, the Value Added Benefits. Let us discuss these points little further.


Number 1. Deductible – basically, this is the amount that the policyholder has to pay before the health plan starts to take over of the medical service cost. If you are expecting to have tons of medical expenses or will undergo a surgery, you might want to go for a plan with low deductible. As mentioned, this is the amount to be paid before the policy takes over of the costs.


Number 2. Network – from health care providers, laboratories that your health insurance firm has talked to, they will be providing you with lower rates to use their services for health care. However, be mindful that you can only

take advantage of such service if the provider or your doctor is In-Network of the plan.


Number 3. Providers – basically, these are your specialists and primary care physicians.


As much as possible, you want to pick a plan in which the provider is In-Network in order to avoid additional charges.


Number 4. Prescriptions – this is basically any type of medication that you have to take and prescribed by your provider. Depending on the plan that you have, it will carry different coinsurance percentage or copayment (copay) for the prescription covered. In this regard, it is highly recommended that you take time reviewing your plan to have better understanding of how you are covered for the prescriptions.


Number 5. Value-Added Benefits – for this one, this is any add-ons that the health care plan has provided for its policyholders. It can be anything from

  • Access to mobile applications
  • Discounts
  • Exclusive promotions

Being able to learn about these terminologies used in the industry can assist you in ensuring that you are picking the best plan that suits your needs. If you don’t have the money upfront to buy a plan you desire, you can take advantage of loan lending service in ChristChurch, NZ.

Posted by: Bolat Masaev on