VERY HELPFUL INFORMATION TO CONSIDER when choosing which plan to purchase.
(NOTE: the following info. is neither exhaustive nor complete; refer to all company policy paperwork for full details)
SHORT TERM vs. LONG TERM health insurance
* Short Term is often less expensive
* Short Term lasts 1 to 12 months; Long Term lasts as long as you make each payment in full
* When the Short Term period expires, the policyholder must reapply if he/she wants coverage to continue
* Short Term coverage is often a quicker acceptance or rejection
* Short Term insurance may accept you but not cover a pre-exisiting health condition
* Long Term may accept and cover certain health issues but require you to pay more for the coverage
* Short Term is worth considering if between jobs that provide group health insurance
* Short Term is worth considering for a very healthy individual with limited financial resources
* Long Term is the coverage of choice if health may deteriorate or policyholder has a serious illness or accident
WHICH COMPANY TO CHOOSE
* Call your Doctor's office and find out which insurance companies and individual plans they accept
* Use each company's "Doc Finder" tools to search for Drs & hospitals in your area that accept their coverage
* Get recommendations on companies from trusted family and friends
* Choose a company with a plan that seems to fit your list of needs (cost, coverage, doctor acceptance)
WHICH PLAN TO CHOOSE
* A plan you can budget and afford to keep until you have employer group coverage
* A plan that you can afford to budget even if/when the premiums increase
* Consider the most affordable deductible just in case something "big" happens to you
* Consider the most affordable total out of pocket cost for the year for a worst case scenario
* How much does it cost to add dental insurance? (as a rider/package deal)
* How much does it cost for a seperate dental plan that could meet your needs?
* Do you need built in Rx coverage? (maybe you can pay for meds out of pocket)
* Do you need health coverage for baby-care, mental illness, wellness check ups, etc?
* Is it worth a higher premium to have doctor office co-pays before meeting the deductible?
* Have you compared the plans you want side-by-side? (using the above portals or here)
* Have you downloaded all available papers/forms/brochures in .pdf? and read carefully?
(look for links next to plans before enrolling online)
If you are unhappy with your coverage or the cost, you can apply for another plan from the same or different company.