The health insurance market is booming and there is no shortage of options. However, there is a good reason why there is so much variety on offer: not all insurance works for all types of customers.
choose the best health insurance for you, it implies paying attention to your individual characteristics and combining them with the insurance characteristics. The process takes some time and effort in market research and comparing options, but it’s worth it – not only can it save you some money, it also avoids unpleasant surprises at inopportune times.
The importance of choosing the best health insurance
Health insurance is there to protect you in times of greater fragility – when all you don’t want to worry about is money or bureaucracy. When you pay, you don’t just pay for medical care support; it pays for the peace of mind, the security of knowing that it’s not lack of money that leaves you helpless.
The best health insurance for you is, therefore, the one that does not shy away from small print and surprise rules when asking for help. It is the one that covers all your needs and, more than that, predicts the most likely needs in the near future.
How to choose the best health insurance?
The variety of health insurance available on the market has a very positive side: for each customer there will be an insurance that suits them best. There will also be the ideal health insurance (or close to it) for you, you just need to be aware of your needs and look for the insurance company that gives you the best answer.
But what to take into account when analyzing market offers? There are four major topics to consider: your personal characteristics; policy coverage; the franchises; and the partner network.
There will be other details in each proposal that may be important to you, but generally speaking, these are the points you need to look at first. The others may serve as a tiebreaker, at a later stage of the comparison.
Your individual characteristics
Your age, health status, occupation and other personal characteristics can influence the amount you pay for your health insurance premium. It is already known that, as a matter of principle, insurers do not go into business to lose, and so they will let the cost of risk fall on them.
It means that, for example, if you are older, you will pay more for health insurance. The same applies if exercising a risky profession or one that is statistically associated with the development of chronic health problems.
Basically, anything that indicates that you may need medical care more frequently than usual will serve to increase the policy premium.
When looking for the best health insurance for you, provide all your individual data for the simulation. It may seem like you are exposing yourself – and, in practice, you are – but the advantage is that you receive a simulation of costs that is very close to the real thing.
In addition, the more honest and thorough you are when taking out insurance, the less room there will be for the insurer to find subterfuges and dodge when it comes to helping you with expenses.
The policy coverage
Policies vary between insurers and even within the same insurer and are one of the most important parts of health insurance.
More than protecting you in a greater or lesser variety of occasions, the policies must fit your needs, not going beyond them so as not to make you waste money.
For example, if you’re over 50, you probably don’t need health insurance with coverage for childbirth, right? But maybe a denture cover will come in handy.
The best health insurance for you will always be the one that most aligns with what you need at this stage of life. Covers can, however, be changed over time to keep up with your needs – you just have to negotiate with the insurer to avoid premium increases.
Health insurance deductibles are the portions of treatment costs that you will have to bear out of your own pocket.
As a rule, the higher the deductibles, the cheaper the insurance premium – which, in exchange for kids, means the more money you’re willing to put out of your pocket when you get health care, the less you’ll pay for the policy.
In this field, it is not easy to tell you which is the best health insurance: it will depend on what you are willing to pay for the policy, your ability to bear costs without help and, of course, how often you go to the doctor and the price. of the health treatments that you usually have.
This is a topic often overlooked by health insurance policyholders, and it shouldn’t. What sense does it make to take out full-coverage insurance if there isn’t a clinic, office or hospital that belongs to the agreed network close to your home?
The agreed network is the set of doctors, clinics and hospitals that have an agreement with a particular health insurer.
In practice, these doctors and clinics charge users only the part of the cost that they have to bear and then go to the insurers to collect the rest. On the contrary, outside the agreed network, customers have to pay for everything initially and then ask the insurer for reimbursement for what they cannot afford.
Thus, the importance of a health insurer’s agreed network being easily accessible for you is perceived. After all, and regardless of the coverage, the best health insurance is the one that you can benefit from without effort and without compromising your well-being when you get sick.