Individual health insurance coverage can be easily compared, which allows you to obtain the lowest available rates along with quality benefits. The key is finding the best offered plans, and understanding what type of policy you need.
Utilizing an experienced broker is also critical. You’ll receive valuable free advice from a resource that represents all major carriers. Verifying that your doctor, specialist, or hospital is “in-network” is just one of the many important services that we (experienced brokers) provide. And having a clear understanding of how your prescription coverage will be treated is also quite important.
Now that the ACA legislation has been passed, and single and family healthcare coverage is so different than prior to 2014, it’s imperative to work with an experienced broker that can help you understand which plans best meet your budget and still offer the comprehensive (or catastrophic, if needed) benefits that will pay your medical bills.
Another important factor is the accurate calculation of your federal subsidy. Depending upon your FPL (Federal Poverty Level), you may qualify for financial assistance that pays most or all of your premium.
Understanding network availability is also critical when reviewing different plans. If you live in Ohio, for example, is the Cleveland Clinic a covered provider? That’s the type of information that must be considered along with the obvious rate and benefit concerns.
IMPORTANT: The answer to this question was provided by Edward Harris, one of the nation’s premier health insurance experts with more than 34 years of experience. Harris manages several top-rated websites, including majormedicalhealth.com, which provides the lowest health insurance rates to consumers from the largest carriers. Our clients receive unbiased service and advice at any time.