Keys to Finding Affordable Health Insurance

It can't be denied that health insurance premiums are rising every year, but you can still find affordable health insurance that meets your needs--if you know how to look for it.

It makes sense to begin your search for affordable health insurance by shopping around and getting several quotes before signing on the dotted line, and the InsuranceLower service is designed to help you do this efficiently. First of all, you'll need to decide whether your most suitable choice is an indemnity (reimbursement) plan or a managed care plan.

• An indemnity plan lets you choose your own doctors and pays for your medical expenses totally, in part, or up to a specified amount per day for a specified number of days.
• The most widely offered managed care plans are health maintenance organizations (HMOs). HMO members must choose a primary care physician (PCP) from among the HMO member physicians. The PCP provides general medical care and must be consulted before you can see a specialist, who must also be part of the HMO.

Managed care is usually cheaper

In general, managed care plans provide broader coverage at a lower cost than indemnity plans. However, indemnity plans offer certain advantages such as the freedom to use any healthcare provider you wish. Both can provide affordable health insurance depending on your particular situation, so be sure to carefully evaluate the pros and cons of each system. Here are some important points to consider:

• What co-payments, deductibles, and coinsurance payments are required?
• Can you choose your own healthcare providers?
• Does the plan cover the health services that you need?
• Does the plan cover the healthcare providers you're currently using?
• Does the plan offer both individual and family coverage?
• Does the plan cover preexisting conditions? If so, is there a waiting period?
• Does the insurance company have a good reputation in the industry and a positive rating from a major ratings organization?

Remember, affordable health insurance can be yours--when you know what you're looking for and you know how to look for it. Look to InsuranceLower for free quotes from health insurers near you.

Don't wait. Let us find you the right car insurance, home insurance, health insurance, life insurance or long term care insurance—today!