Despite what the general public may perceive, health insurance plans can have wide fluctuations in coverage and price.
When you are shopping for insurance the out of pocket cost will have a big impact on your decision.
If changing health plans you should be aware of the different types of coverage the insurance plan will offer.
There may be little price change but a wide choice of health insurance coverages.
Take for instance two large companies right here in town.
Both are good companies that sell their products across the US.
Both offer similarly priced insurance packages, except company A offered a plan that covered emergency room visits at 100% and doctors visits with a 10% co pay.
Company B offers a plan that requires you to pay $25 per office visit and $125 per emergency room visit.
Now, don't get me wrong, the percentages don't have a cap on them, so a doctors office visit could get more expensive if you have a lot done, but per visit it is much less costly.
An individual may wonder what the pupose is to have insurance if the costs are high.
Keep this in mind, the health insurance provides a safety net for you.
Your thought is that there will be no illnesses, but if there are and there are many types of care required over time, the safety net of your insurance plan will be there to catch you.
One admission to a hospital, even for something minor, has the capability of wreaking havoc on your finances.
This is why health insurance is so important for you and your loved ones.
After one hospitalization or possibly an outpatient procedure the medical bills left uppaid could create wage garnishment, foreclosures and possibly bankruptcy.
As an individual working hard to create affluence for yourself and your family, you need to increase your health insurance plans also.
Have a health insurance plan from a reputable provider with coverage as high as you can afford.
Be aware of lifetime maximums in the policy, if you become very sick this might be a problem in the future.