Factors to Consider When Choosing A Health Insurance Policy

Everyone needs insurance and yet it can be one of the most frustrating things to understand. Picking the right policy for your family is very important. Here are some tips to help you choose a health insurance policy, with the best benefits, for you and your family.

Before starting your search for the right policy, take some time to examine the health of your family. Families that are in good health, and usually just have routine checkups, may not need the same amount of coverage that people with chronic conditions do. But if someone in your family has a reoccurring problem, them don’t take any short cuts!  You certainly don’t want to have too little coverage and end up owing lots of medical bills.

Does this mean that the well family will never get sick? No, but if your family has had very minor problems for several years, then getting a less expensive policy might still be what you need. Some families can get buy with a higher deductible policy as long as it has as good prescription drug plan for regular monthly medicines.

The way the insurance company sets up most policies is by how high the deductible is and what percentage they will be responsible for.  These two things can make a big difference in the premiums.

Normally a policy with a high deductible will have lower premiums, this is because the member may never have medical bills that are more than the deductible, and the insurance company gets the premiums and still has to pay out nothing! Just remember that even these types of policies will have a cap on how much a member has to spend out of their own pockets. This is good for you because once you have met that cap, the insurance company will usually pay 100% the rest of the year.

Along the same venue, if the deductible is low, then the premiums will usually be very high. The insurance companies are trying to offer policies with options you can afford, while at the same time spreading out their risk.

When you are selecting your policy, consider what your budget can afford, and what financial means would you have for medical expenses if someone in your family had a real crisis. It is better to budget in another area than to cut back on insurance. The right insurance can afford you better preventive care options and financial security.

Know what your family needs are before choosing your next health insurance policy.

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What can I do if I feel like I need to file a complaint or need assistance?

The North Carolina Department of Insurance (NCDOI) as a form that you can complete where you can get assistance.  You can complete that form at https://secure1.ncdoi.net/consumer/conCompForm.jsp

Can I submit a complaint to Blue Cross Blue Shield of North Carolina?

Yes.  You can submit a complaint or concern to BCBSNC through their contact online contact form at https://www.bcbsnc.com/content/campaigns/contact/index.htm#/form

 

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