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Hsa Insurance Quotes Question & Answers

2013 October 5
by Sarah Fields

Mary asks…

How much would health insurance cost for me?

I am 22 years old, I am completely healthy, I am a girl, and I live in Kansas City, KS. How much would health insurance, on average, cost for me?

Sarah Fields answers:

What level of benefits do you expect your insurer to pay? That ultimately determines what your health insurance will cost. You need a trusted adviser to help you through the process of purchasing health insurance so that you understand what you are purchasing. Understanding exactly what you are buying is as important as the price. An agent can give you the knowledge you need so that you can intelligently decide what the right balance is between affordability and policy benefits.

If you choose a plan that covers everything i.e. Doctors office visits, prescription drugs, preventative health benefits, maternity coverage as well as low deductibles, low co-pays and optional vision and dental benefits your monthly premiums will be significant.

On the other hand because you are young, healthy and don’t use the health care system you might consider a plan that covers only the major health catastrophe. Ask the agent if an HSA is right for you. In this type of plan the insurance company does not pay benefits until you first reach a significant out of pocket cost and you can fund the deductible with pretax dollars. If the funds are not used they roll over from year to year.

If you’d rather have more comprehensive individual health insurance coverage, that includes features such as preventive care coverage, consider a PPO or HMO plan with a hefty in-hospital deductible but covers doctor’s office visits with a copay. Because your both healthy, you might choose to not cover prescription drugs.

Either of these approaches will result in a lower monthly premium. You then can use the monthly premium savings to pay out of pocket for the occasional doctor visit or prescription and still come out ahead.

Check with the agent that writes your home or auto insurance he/she can provide you a health insurance proposal that takes into account your budget and health status. They can answer questions so that you understand what is and is not covered by the policy. They can explain deductibles and co-pays and show you the hospitals and doctors that participate in the network. (Networks in PPO and HMO plans are very important considerations).

Some are going to suggest you go to their web site so that they earn a few pennies on a “click through”. Some may suggest going on line to get a quote but you probably know there is much more to choosing the right health insurance than price. Use the Internet to educate yourself but use an agent to purchase the coverage.

John asks…

When a health insurance says the deductible is 2,000, what exactly does that mean?

I just turned 18 and dont really understand this insurance thing. . I just want to be able to go to the doctor without paying an arm and a leg. When they talk about this deductible, does that mean like if I go to the hospital, I pay the first two thousand and they pay the rest? What does this mean for regular doctor bills? Am i going to have to pay for everything unless its more than two thousand? Please help me to understand this. Thank you so much in advance.

Sarah Fields answers:

As noted, a deductible is what you pay before the insurance pays for anything. However, the deductible might be for all charges or it might only apply to a hospital admission. Doctors visits might be covered for a modest copay on your part or they might not be covered until you have paid your deductible.

Based on what you are asking you need a trusted adviser to help you through the process of purchasing health insurance so that you understand what you are purchasing. Understanding what you are buying is as important as the price. An agent can give you the knowledge you need so that you can decide what the right balance is between affordability and policy benefits.

If you choose a plan that covers everything i.e. Doctors office visits, prescription drugs, preventative health benefits, maternity coverage as well as low deductibles, low co-pays and optional vision and dental benefits your monthly premiums will be significant.

On the other hand because you are young, presumably healthy and probably don’t often use the health care system you might consider a plan that covers only the major health catastrophe. In this type of plan the insurance company does not pay benefits until you first reach a significant out of pocket cost (this is a deductible). Ask the agent if an HSA might be right for you.

If you’d rather have more comprehensive individual health insurance coverage, such as preventive care coverage, consider a PPO or HMO plan with a lower deductible. Consider higher co-pays for doctor’s office visits and perhaps not cover prescription drugs.

Either of these approaches will result in a lower monthly premium. You then can use the monthly premium savings to pay for the occasional doctor visit or prescription and still come out ahead.

Check with the agent that writes your home or auto insurance he/she can provide you a health insurance proposal that takes into account your budget and health status. They can answer questions as to what is and is not covered by the policy, explain deductibles and co-pays and show you the hospitals and doctors that participate in the network. (Networks in PPO and HMO plans are very important considerations).

Some are going to suggest you go to their web site so that they earn a few pennies on a “click through”. Some may suggest going on line to get a quote but you probably know there is much more to choosing the right health insurance than price. Use the Internet to educate yourself but use an agent to purchase the coverage.

Richard asks…

How much would it cost for a 19 year old and 24 to get full coverage medical and dental insurance?

Hi I’m looking to get myself and husband full covered medical and dental insurance monthly priced? we live in florida. I want to do like a family plan maybe. If you could give me seperate prices on the dental and medical, it will be greatly appericated:)

Sarah Fields answers:

No one on Yahoo Answers can quote health and dental rates.

You need a trusted adviser to help you through the process of purchasing health insurance so that you understand what you are purchasing. Understanding what you are buying is as important as the price. An agent can give you the knowledge you need so that you can decide what the right balance is between affordability and policy benefits.

If you choose a plan that covers everything i.e. Doctors office visits, prescription drugs, preventative health benefits, maternity coverage as well as low deductibles, low co-pays and optional vision and dental benefits your monthly premiums will be significant.

On the other hand because you are young, presumably healthy and probably don’t often use the health care system you might consider a plan that covers only the major health catastrophe. In this type of plan the insurance company does not pay benefits until you first reach a significant out of pocket cost (this is a deductible). Ask the agent if an HSA in conjunction with a high deductible health plan is right for you.

If you’d rather have more comprehensive individual health insurance coverage, with features such as preventive care coverage, consider a PPO or HMO plan with an in-hospital deductible. Consider higher co-pays for doctor’s office visits and perhaps not covering prescription drugs.

Either of these approaches will result in a lower monthly premium. You then can use the monthly premium savings to pay for the occasional doctor visit or prescription and still come out ahead.

Check with the agent that writes your home or auto insurance he/she can provide you a health insurance proposal that takes into account your budget and health status. They can answer questions so that you understand what is and is not covered by the policy. They can explain deductibles and co-pays and show you the hospitals and doctors that participate in the network. (Networks in PPO and HMO plans are very important considerations).

Some are going to suggest you go to their web site so that they earn a few pennies on a “click through”. Some may suggest going on line to get a quote but you probably know there is much more to choosing the right health insurance than price. Use the Internet to educate yourself but use an agent to purchase the coverage.

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