Living under the belief that cheap medical plans do not provide complete coverage and hence are better avoided? Frustrated with the fact that only fancy plans can ensure a healthy future?
FACT 1: Healthcare services in USA is one of the costliest in the world
FACT 2: Recession has forced people to compromise on their health insurance budget
SOLUTION: Cheap medical insurance plans
PROBLEM: Access to only sub –par health care services?
It is a common myth that cheap health policies are medical plans just for the sake of it and that they do not provide complete coverage. Most American also believe that it is better to be without any sort of health insurance than to waste money regularly on a plan that in all probability will not be of any use to them.
But the truth is far from so. Cheap medicals plans are inexpensive no doubt,
but they provide comprehensive coverage as well. The only problem is that one needs to look carefully for it, for the prices as well as the coverage.
A medical plan is cheap only when it provides comprehensive coverage at the lowest possible price. It should have no hidden costs attached and the prices should be reasonably and not ridiculously cheap.
The cheapest medical plans are the government aided ones. These cater to mostly those who cannot afford insurance of any sorts and often have more restrictions than healthcare services.
However for an average American who has access to insurance but wants to go in for cost effective medical insurance, managed healthcare plans are the best option. These plans comprise HMOs, PPOs and PoS plans.
HMOs or Health Maintenance Organization offers primary and preventive healthcare services at really cheap premiums. However the beneficiary has to stick to the prescribed network of doctors and other healthcare service providers.
There is another option – the Preferred Provider Organization. It allows you to consult doctors outside the network but the premiums are higher than that of HMOs. Another form of managed healthcare plan is the Point of Service plan, which is like a midway between the HMO and the PPO.
The most sure shot of accessing cheap medical insurance is to do a careful quote comparison. With so many players, the market has become intensively competitive. Companies are trying hard to get your attention. Customers should take advantage of the price wars. The same policy could differ from carrier to carrier by about 50%. A quote comparison would enable customer s to buy a health plan at the cheapest price available in the market.
Leaving down certain healthcare services that you deem unnecessary can also make your plan considerably cheaper. This is especially possible in an individual plan. Customizing it according to your needs will make you pay for only those services that you need and you do not have to shell out anything extra for the frilly added benefits that you will never need.
The combination of co-pays, premiums and deductibles that you are paying for the plan will also decide the cost of the policy. Usually a plan with a higher deductible has a lower premium and one can opt for that if they are buying a health policy just for the sake of accessing one.
With more and more discovering the advantages of cheap medical insurance, the myth is on its way of getting busted. Cheap plans do not necessarily translate into subpar healthcare facilities and the rates of these plans are making cheap health policies popular among Americans
