You are here: Home Managing Your ... Health Care: How ... When Choosing A Health ...
Information about all aspects of finances affected by a serious health condition. Includes income sources such as work, investments, and private and government disability programs, and expenses such as medical bills, and how to deal with financial problems.
Information about all aspects of health care from choosing a doctor and treatment, staying safe in a hospital, to end of life care. Includes how to obtain, choose and maximize health insurance policies.
Answers to your practical questions such as how to travel safely despite your health condition, how to avoid getting infected by a pet, and what to say or not say to an insurance company.

Health Care: How To Save Money

When Choosing A Health Insurance Policy

Next » « Previous


If money is an overriding concern, in addition to the premiums, look at how much you will have to pay during the year even with the coverage. For example, for a deductible, co-pays, or medications. A low premium, but excessively high deductible or high co-pays when you already have a health history may not make financial sense.

If other people are covered on your health insurance, think about the economics for all the people covered -- not just for yourself.

Instead of looking solely at the amount of the premium consider the factors that are important to you. See How To Choose A Health Insurance Policy.

You may trade freedom, such as choice of doctors or hospital, for a lower premium, but it's a fair trade if money is a concern. Just be sure that providers in the plan have a lot of experience with your health condition -- and great quality doctors and facilities such as hospitals. For example, with a PPO you'll be able to see specialists without having to get prior approval as well as out-of-network doctors. However, if you go out of network you'll have to pay a deductible and higher co-payments. This flexibility comes with higher premiums than an HMO.

Please share how this information is useful to you. 0 Comments


Post a Comment Have something to add to this topic? Contact Us.

Characters remaining:

  • Allowed markup: <a> <i> <b> <em> <u> <s> <strong> <code> <pre> <p>
    All other tags will be stripped.