Searching for health insurance plans can be a pain. Alongside the infamously invasive advertising of the insurance industry and the flashy ‘do-all’ healthcare plans is a distinct lack of real substance on health care. It’s a field that, despite the wonders and technical advances of the internet, can feel as if it’s trapped in the Stone Age when it comes to information, accessibility, and individual plans.
We know your pain – everyone that’s searched for health insurance quotes knows your pain. Finding real information in the insurance industry is quite difficult, with the vast majority of providers offering little in the way of substance and much in the way of marketing speak. While a terms and conditions page is useful, it’s certainly not a point-by-point summary of a plan’s value.
If you’re fed up of searching for health insurance quotes that aren’t wrapped up in flashy banner ads or marketing doublespeak, you’re at the right place. These six strategies, tactics, and healthcare tips can help you find an individual healthcare package that suits you. From negotiation strategies to family healthcare bonuses, these tips are gold for getting a deal on individual coverage.
So apply one, two, or all six of them when you’re searching for a health insurance quote and you could save a sizable chunk of your monthly premium. Despite common fears, there really isn’t anything that complicated about the health insurance world. Stick to the book, or in this case, these tips, and you’ll have no trouble finding a favorable health insurance deal.
Think about total value, not just value for your dollars
When you’re comparing health insurance quotes, it’s tempting to think that the least expensive one is the better deal. It’s a classic symptom of our minds rationalizing expense when faced with more than one option, and it’s a behavioral event that can really hurt you in the long run. When it comes to insurance, the cheapest package isn’t always the best in terms of total, lifetime coverage value.
Think about the level of coverage that you’re offered, the payment thresholds that your insurance company will provide to, and the hospital network that you have access to. These factors change in the blink of an eye between health insurance quotes. Don’t just think about the value for money that you’re getting – think about the total value that your policy provides.
Look for health insurance quotes with a trial period
Just like a new gym membership, a new video rental service, or a new health supplement, most of the insurance providers offer a free trial period. This is great for individuals that want to sample a package without paying for a complete monthly policy. For the cost of a month or two of full coverage, you’re allowed to ‘sample’ the policy without being forced into a long-term contract.
Use these trials to your advantage, and compare multiple health insurance opportunities at once to see which offers the best deal for your money. Some may look attractive on paper, with health insurance quotes at a fraction of their competition’s rates, yet work poorly in practice. Use a trial period to separate the good from the bad, then close a deal with the best insurance provider.
Compare your rate to a combined family rate
Are you current insured under a family or combined health insurance package? If you’re trading a combined account for health insurance coverage, make sure you speak closely with the insurance company that currently covers you. They may be able to offer special deals to you as a current customer, or even transfer your policy to your name free of charge.
While you may not get a great deal from your current provider, especially when compared to the health insurance quotes that are available elsewhere, it’s very likely that you’ll save an awful amount of time by sticking with the same provider. For busy professionals, this can make a more expensive insurance plan a better deal than a cheaper, time consuming alternative option.
Got family healthcare? Ask for a breakaway insurance policy
Alternatively, you could ask your current insurance provider to offer a ‘breakaway’ plan for you, and transfer your current account into a separate name. This allows you to maintain the same rep, all the while using a different insurance policy from the same company. For individuals currently part of a family insurance program, this method is great for making a quick transition to individual coverage.
Check with your current insurer as to whether this is possible, as you may need to give the insurer additional details to ensure that everything goes off without a hitch. While this is unlikely to help you save money or find better individual health insurance quotes, it can help you get into your own policy as quickly, easily, and seamlessly as possible.
Speak with your employer about health insurance options
For United States residents, it’s very likely that you’re currently insured through an employee health or medical care package from your workplace. Salaried employees, and in some cases employees on an hourly wage employment basis, are generally entitled to limited individual health care as part of their contract with an employer.
With new healthcare regulations coming in at a fairly rapid pace, this policy may change eventually in the future. For now, you’re likely to be covered by your employer if you’re a full-time employee, making the search for individual health insurance rates somewhat futile. If in doubt, speak to your manager or human resources rep about your current level of individual or family health insurance.
Change your lifestyle to access better health insurance rates
Are you a smoker? Do you drink, whether socially or on a recurring basis? Do you spend your time on dangerous activities and high-risk sports? No matter which lifestyle decisions you make, a great deal of them could be costing you when it comes to your insurance policy. Insurers look at behavior and lifestyle when calculating an individual health insurance quote, and yours could be hurting you.
So step away from the cigarettes, put down the beer, and quit spending all afternoon on the rugby field to see a downturn in your insurance premiums. Improving your health for a better insurance rates isn’t just a cost saving – in many ways, it’s something that can improve your quality of life, add years to your longevity, and make you more focused and alert during the daytime.