Health is precious, and we all need to maintain our good health. Though, maintaining good health is a challenge, especially in today’s time with the ever-increasing health costs. Therefore, we all must have a good amount of health insurance coverage to avoid the danger of falling short of medical expenses. Most Americans receive private health insurance either from their employer or union, while some get it from the government through Medicare or Medicaid, and the remaining who are left uninsured need to buy a health plan themselves. People here can buy Individual and family health insurance plan either through a government-run health insurance marketplace, or a private online health insurance marketplace, or through a local health insurance agent or broker.
For the majority of prospective health insurance buyers, the main stumbling block is to determine the ideal coverage amount. While shopping for an individual health plan, we must keep in mind, the coverage amount that seems sufficient today might be insufficient in a couple of years. Thus, while looking for an ideal coverage amount, we must consider the future healthcare cost. Individual and family health insurance plans come with a variety of features, and it is unlikely to find a health plan that offers everything as per our expectations. Thus, we need to look for the features that we need the most because, in this way, we will be able to find a plan that offers the greatest number of benefits at a price that we can easily afford and manage.
Some of the other key factors that need consideration are:
- Do you want to buy a health plan that provides dental and vision coverage too, at an affordable price?
- Do check the office visit copay, and check if the plan caps the number of visits, which it will cover per year.
- If you are on prescription drugs, check whether the plan offers prescription drug coverage or not? Check if it only covers generic drugs or branded drugs too? Do check the plan formulary to find out whether your drugs are included, or not? Also, check the copayment on both generic and branded drugs.
- Find out about the plan’s copay for healthcare services like lab tests, x-rays, and surgery along with the emergency room visit.
- Is pregnancy benefit required?
- Do you have a preferred care provider to whom you visit for your healthcare needs? If yes, then look for a PPO or an EPO plan that includes your preferred doctor in their plan’s network provider.
- Check whether the plan includes free or discounted services for preventive services or not? Most of the preventive care is covered by the ACA-qualified health plans, but all private individual health plans do not include coverage for most preventive care.
- Does the plan provide coverage for specialty services like physical therapy, chiropractic, and acupuncture visits?
- Check the hospitals included in the plan network to ensure that your nearby hospitals are included in the plan’s network?
- Do check the cost of the out-of-network service for the PPO plan, to check your affordability in case you may need it.