What type of health insurance is best for me?
So, I'm a 25 year old individual, I'm about to graduate in May and I live in MI. I'm just learning about health insurance and I was wondering if anyone could tell me what you think would be the best type of insurance for my situation.
I plan on staying here in the UP for a while bar-tending and not utilizing my degree just yet. Any suggestions? I would really appreciate it, thanks....This is all new and confusing to me.
Insurance - 7 Answers
Random Answers, Critics, Comments, Opinions :
1 :
As a consultant specializing in insurance, here's my recommendation: 1. Find a high deductible plan that has a health savings account (HSA) component. The HSA should be funded fully each year. It's tax free money, and it can be used to pay medical expenses TAX FREE. Did I mention it was TAX FREE? 2. The high deductible should be about $3,000. That should save you about $250 / month in premiums. And if you take that $250 / month, and put it into your HSA, you will have $3,000 in your bank account TAX FREE. 3. The high deductible plan should be a preferred provider organization or "PPO" plan. That allows you to see any doctor or go to any hospital in the world, if necessary. (It makes a difference if you're travelling to a different state or a foreign country.) I'd recommend a lifetime maximum of at least $2 million. * * * *
2 :
no one on this site can tell you the answer. you need to sit down with all the information and make an informed decision.
3 :
I'm not an expert on this, however I would suggest you take a tour here http://www.HealthInsuranceIdeas.info/free-online-health-insurance.htm ,there are expert's tips there.
4 :
Based on what you are asking I would suggest that you need a trusted adviser to help you through the process of purchasing health insurance so that you understand what you are purchasing. Check with the agent that writes your home or auto insurance he/she likely can provide you a health insurance proposal that takes into account your budget and health status. He or she can answer questions as to what is and is not covered by the policy, explain deductibles and copays and show you the hospitals and doctors that participate in the network. Ultimately, you are the one who determines what is the best insurance because you 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 copays and optional vision and dental benefits your monthly premiums will be significant. On the other hand because you are young, healthy and presumably use the health care system sparingly you could consider a plan that covers only the major health catastrophe which will result in a relatively low monthly premium. You then can use the monthly premium savings to pay for the occasional doctor visit and still come out ahead. Some may suggest going on line to get a quote but you probably already know that there is much more to health insurance than price. Some might even suggest a discount plan is the "best" approach but it is not insurance at all. Use the Internet to educate yourself but use an agent to purchase the coverage.
5 :
You may find this method useful when looking at insurance policies. It takes longer, but you will feel more comfortable with your selection after you go through the process. 1. Come up with 3 scenarios. The first based on your being hit with a catastrophic illness or accident. The second based on a year with no medical expenses at all. The third based on having a typical year of medical expenses. 2. Determine your total costs in each scenario with every policy that you are considering. You'll probably need an agent's help with this. Total cost meaning the cost of the policy and the cost of any deductibles or other cost shares you would have to pay added together. 3. Make your decision based finding a plan that will perform well in all three scenarios. It is unlikely that the same plan will be the best in each situation, so you will have to make a compromise. Very few people will do this kind of research, but when you do you will feel much better about your decision because you will make a much more fully informed decision than most people will. I've been an agent for over 20 years and this is the method that I use to determine whether a policy is worth presenting to a client. Be sure to review your coverage every year or two. The plan that is the best value today may not be the best tomorrow. Good Luck,
6 :
Health insurance is a type of insurance which typically covers the cost of your medical expenses. Occasionally, it also includes benefits like disability insurance coverage as well as the long-term nursing or custodial care needs & requirements. I would suggest you to plan for your health insuarnce based on your research , look onto internet there are a number of sites which would assist you in getting better health plan , like this one I came across: http://www.wellbeingcoverage.com
7 :
Are you trying to find the right health insurance? If so, and you are not having any luck, there is a chance you are looking in all the wrong places. Believe it or not, the best way to find the right health insurance is to help yourself. This means that you don't have to rely on anybody else. Instead, you should do a lot of the work on your own to ensure that you can make the right move when the time comes. There are many ways you can help yourself find the right health insurance. First things first, you need to realize that you are your best help. You don't have to look to an outside broker or agent to assist you during the shopping process. This is a myth, but once you begin to search on your own you will find out that you are just fine. To help yourself you need to know where the right, accurate information is located. And since you are going to be doing a lot of the work on your own there is no better place to start than the internet. There is a lot of information on health insurance available online including statistics, costs, policy information, and the ability to receive quotes. With the internet you are doing your part in helping yourself find the right health insurance policy. I found a site on CNN that helps you get quotes according to all your requirements. Its an excellent too. Try it out http://www.2insure4less.com/?s=234255&g=SubID&rdto=ht
Read more discussions :
