Cracks in the Foundation
It’s November.
That means the holidays are approaching. Many of us are dreaming of holiday parties, celebrating with friends and families, festivities, and feasting. We’re starting to count down the days of work that are left before those holiday vacations begin, and the daydreams are starting to flow.
It also means we’re in the middle of open enrollment for health insurance. For us, this is a busy time of year. A time when we work with our clients to help them get the coverage they need that fits their budget. It’s a time of many questions and answers.
Because we’re always trying to provide value for our clients and the members of our community, we put together this list of a few common health insurance questions and some simple answers. As always, if you have questions not listed here, or would like more information about anything insurance related, please reach out to a trusted insurance professional.
Why Do I Need Health Insurance?
Health problems are one of the leading factors for bankruptcies in America. That’s not a fun thing to say, but it’s true. Medical problems can pop up out of nowhere and, while many medical providers may try to keep costs down, the fact is you can find yourself on the other side of a serious illness with a major debt. Carrying that debt can hinder your future plans, goals, and have massive impacts on your family.
Health insurance can help you reduce that impact. It can help cover the cost of preventative care that can aid in early treatment. Bottom line, the benefits of health insurance justify the cost over and over again. The better question to ask is, can you really afford not to have it?
What is a Deductible?
The deductible is simply the amount you would have to pay in a given year before your health insurance company will pay its portion. Let’s say you have a plan with a $500 deductible. That would mean you would need to pay $500 out of pocket before the insurance starts covering it. Once you’ve paid that deductible amount the insurance kicks in.
One important note is that the terms and amount of a deductible vary according to your plan. For example, many plans often cover a doctor’s visit for preventative care before the deductible is reached. If you have questions about a deductible and your plan, make sure to consult a trusted insurance pro.
How Do I Choose the Best Insurance For Me and My Family?
Choosing the best health insurance plan for you and your family can be a bit overwhelming. There are a lot of individual details and options that you need to weigh. You could try to do this on your own, but it will take a lot of time and there are probably some details you’ll miss. Honestly, you’re best served by speaking with a trained insurance professional who can help you select the best plan for you and your family.
Can I Really Afford Health Insurance?
Many people worry that they can’t afford health insurance. It’s an incredibly common question that we get asked a lot. Stress about money is actually what often keeps people uninsured. But it doesn’t need to be that way.
The truth is that there are many different plans, credits, and subsidies that can help you with the cost depending on your needs and specific situation. In fact, there are so many of them available that it can be hard to determine what you qualify for. This is where your trusted insurance pro comes in. Trained insurance professionals are familiar with the ins and outs of health insurance. Often they can identify things that can help make insurance more affordable than you thought.
Bottom line, contact an insurance professional for help with selecting a plan to meet your needs and your budget.
What is Copayment?
Copayment (often referred to as copay) is one of those terms that tends to stress people out when it comes to their health insurance. But it shouldn’t. The copay is simply the amount of money you owe when you receive certain types of care. What that amount is depends on the kind of care you’re receiving and your plan.
For example, your plan may require a copy of $25 when you see a GP (General Practice) doctor as opposed to $35 when you visit a specialist (such as a cardiologist). Your trusted insurance professional will be able to help you determine how a given plan will impact you in terms of copay.
Health insurance can present you with a lot of questions. These are some of the most commonly asked ones, but you may have questions not on this list. If you have questions about health insurance, don’t hesitate to contact a trusted insurance professional like the ones at Help2Cover. We’re here to help you and we’re happy to serve.
Helping You Get the Right Coverage at the Right Price
Insurance can be complicated and intimidating, but it doesn’t need to be. What you need is a trusted insurance professional to help you decide what coverage you need as well as help you find the right price for your policy. At Help2Cover we’re a team of trusted and knowledgeable insurance professionals who are passionate about helping our clients protect their most valuable assets and grow to reach their dreams. Contact us today to learn how we can help you.
At Help2Cover (H2C), we understand that insurance goes hand in hand with solid financial planning. H2C Insurance Agency was founded by a group of professional insurance and financial planning experts. With years of experience in the industry, we have a deep understanding of the importance of comprehensive coverage and strategic financial guidance. We go beyond traditional insurance services. We strive to provide holistic solutions that integrate insurance protection seamlessly into your broader financial goals. Whether you’re seeking personal insurance coverage or business insurance solutions, our dedicated team is here to tailor a plan that aligns with your unique needs.
