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Tips for Getting Affordable Online Quotes from Health Insurance Companies

In today’s economy affordable health insurance is on everyone’s mind. With premiums increasing every year it is important to find the best insurance plan at the best rate. More and more companies are reducing the amount they are contributing to their employees’ health care plans and some are discontinuing their plans altogether. As a result of these factors more and more insurance companies are offering health insurance directly to consumers via the Internet. With these new Internet offerings it is important to know how to determine if an Internet health insurance policy is right for you.

Before Internet quotes one would call up their insurance agent and simply purchase their plan. No research was required because plans were not as widely available as they are today. Now insurance companies are plentiful and their plans are varied and diverse. The Internet makes it easier than ever to obtain quotes and information from multiple companies in an effort to choose just the right plan. In most cases, one only has to fill out a short form in order to get an instant quote from multiple insurance providers. There are several factors to consider when choosing a health insurance policy online.

If you are single and relatively healthy then you may only wish to purchase an individual plan. Individual plans usually pay a certain percentage and have a higher deductible and co pay since you don’t normally have to visit the doctor as much. However, if you are married and your spouse does not have coverage either you may wish to purchase a “Plus One” health insurance policy that covers only you and your spouse. If you have a family, which is considered to include you and multiple dependents, you may wish to purchase a family policy that covers every member of your family equally. Choosing the right plan for your current situation is the most important factor when evaluating online health insurance quotes.

Some plans only pay a certain percentage of the final bill from health care providers. If the plan only pays for eighty percent then you will responsible for twenty percent of the net bill. You want to try to find a plan with the lowest premium that pays the highest percentage. Sometimes coinsurance will offset this percentage so the amount of coinsurance is important when the policy pays less than one hundred percent of the net cost of health care.

Another factor to consider is whether or not the plan offers an HSA account. An HSA account is a savings account that is funded with pretax dollars that can be used to offset the cost of medical care. You can use it to pay for such things as co pays, over the counter and prescription medicine, and deductibles for hospital stays. Most of the time plans offering HSA accounts have higher deductibles, but if you pay into them on a regular basis and try to only deduct from them when absolutely necessary they can really help to offset the costs of health care.

Buying health insurance online can be a very effective way to find the right policy for you. Consider your current situation when buying a health insurance policy. Also, consider the percentage the policy pays, the deductible, the co pay for doctor visits, whether or not a drug plan is provided, and whether the plan offers an HSA account that will lower your net income for tax purposes and help offset regular medical costs. If you consider all of these factors then obtaining online health insurance quotes will be a snap.

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This entry was posted on Tuesday, May 11th, 2010 and is filed under Auto Insurance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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