Finding cheap coverage is easy. But, the coverage you get may not be worth the savings. Many companies have cheap health insurance coverage, that's not cheap on benefits. Here are are some things to really pay attention to when searching for cheap health insurance coverage:
Catastrophic Benefits
Make sure the plan you buy will cover you in a major medical situation. Some policies only cover $50,000 and then they stop paying. You can find cheap plans that cover you anywhere from $2,000,000 to $5,000,000. Don't settle for a low annual or lifetime maximum benefit. You can get excellent catastrophic coverage for a very low price.
Limited Outpatient Benefits
One of the scariest limits to plan I have seen is a limited outpatient benefit that only paid for one surgery per event, so if you needed two surgeries or more resulting from the same problem or accident, the insurance company only paid for one. Be cautious about how your plan covers outpatient surgeries and make sure there aren't any funky limitations.
Out of Pocket Maximums
Be sure you know what your annual stop loss, or maximum out of pocket expense is. If you or one of your family need major medical care, its important to know the maximum amount you could be responsible for.
Cheap health insurance coverage with quality and comprehensive major medical benefits is difficult to find. But, it's important that besides a low price, you are getting coverage that will protect you or your family, if you need it. It's a good idea to contact a free, local health insurance agent in your area and ask about your catastrophic coverage options.
Find out how much you can save by filling out this simple form.
Also, to learn more about these plans, visit my site about catastrophic health insurance coverage. While you're there, be sure to claim your free copy of my eBook titled "Seven Money-Saving Health Insurance Tips.
If you found this article helpful, I would appreciate your help in rating it using the five star rating system below. Thank you and good luck in your search for an affordable health plan!
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