If there weren’t so many things to know about when you went to buy health insurance, you might not be so confused. We have some tips to help you save money and time on your search.
One thing you really need to keep in mind is your (before you call anyone about buying Illinois health insurance) likely maximum out-of-pocket expenses you’ll be paying. This has another name, and that is “co-insurance maximum.”
If you don’t already have an idea of a budget, it’s a lot easier to be talked into something that might be too expensive for you, or something that does not really suit your needs. Don’t fork over one thin dime until you’ve run figures and know your ability to pay. This dollar amount basically shows you the maximum you may spend for the year on your in and out of network medical expenses.
Another way to explain the maximum you’d pay would be that you are calculating the rough costs for your deductible and co-insurance limits. These figures will come in quite handy when you are speaking to a local Illinois health insurance agent. Now that you have an idea of what you are able to afford, take some time and make it a point to read ALL the fine print on your policy. Yes, ALL of it. Why? You need to read everything in an Illinois health insurance policy because there are things in there that might surprise you later if you don’t.
Many health insurance companies are able to offer you good lifetime maximums for your incurred expenses over the life of your policy. For instance, say you might have a figure somewhere in the $3 million range. That’s a pretty decent figure and it usually does average out to be good enough. Now, check the fine print. Your plan may have a per incident, per year max. This means that will supersede your lifetime maximum. Stay alert for things like this that have the potential to trip you up further down the road.
Having a budget and sticking to it is the best course of action when you go shopping for Illinois health insurance. Make sure you have your figures firmly in your mind when you speak to a good insurance agent. At this point, they will be showing you comparable plans, because they deal with multiple carriers, and they need to have your budget figures in mind to get you the best results. This not only saves time, it saves money. These days, who doesn’t want to save money?
You may also opt to shop online for Illinois health insurance, but make sure you visit a site and source several quotes at once so you are able to see the prices and what each plan contains. There will be some significant differences between various carriers, so don’t be too surprised. Have a calculator on hand and run the figures to make sure what you see fits within your budget.
Randy Gillespie is with Illinois health insurance agency, Focus Insurance Group. To learn more about Illinois health insurance, Illinois health insurance quotes, Illinois group health insurance or to get an Illinois health insurance quotes, visit Focusinsgroup.com
