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If your employer offers health insurance, you may be able to choose among several health insurance plans. Most often, these plans include some type of managed care plan. Your employer may offer a number of different health plans that cost more or less depending on the amount of out-of-pocket costs you have each year. These costs may include a co-payment each time you see your doctor or get a prescription filled as well as a yearly deductible, which is the amount you pay for healthcare services at the beginning of each year before your health insurance kicks in. In general, a plan that requires that you use a network provider has a high deductible, and high copayments will have lower premiums. A plan that allows you to use any provider has lower deductibles, and lower copayments will have higher premiums. If you are young, have no chronic disease, and lead a healthy lifestyle, you may consider choosing a health insurance plan that has high deductibles and copayments as you are unlikely to need care and your monthly premiums may be less. If you are older and have a chronic condition that requires many doctor visits and prescription drugs, you may consider a health plan with low deductibles and copayments. You may pay more each month for your share of the premium, but this may be offset by less out-of-pocket costs throughout the year. If you are self-employed, your employer does not provide adequate health insurance, or you are uninsured, you can buy health insurance on your own. You can buy health insurance directly from an insurance company, through an insurance agent who represents an insurance company, or online from reliable companies. Consult with your insurance agent who may be able to help you find health insurance that fits your needs. Since cost is often the most important factor when choosing a health plan, your answers to the following questions can help you decide which plan to purchase. How much is the monthly premium? How much will I have to pay before the health plan kicks in? Is there any limit on how much the health plan will pay for my care in a year - am I protected from large medical costs? Other factors that may be important to you when choosing health insurance are the health services are not covered. You need to check if pre-existing diseases are covered. Do your homework before you buy any health insurance policy. Make sure that you know what your health insurance plan will pay for, and what it will not. About the Author It is very essential to have a car insurance policy. Author Pranav Sharma is an experienced insurance professional and widely read expert on general insurance based in Mumbai. Pranav helps readers opt for best health insurance policy in India.
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