Choosing a health insurance policy is a critical decision, but the complexity of the industry often leaves people confused and overwhelmed. How much will you have to pay, and what benefits are included? What if you have a chronic medical illness? How should you choose a policy? Knowing the answers to these questions will ensure you make the right choice for you and your family.

Answers to Common Health Insurance Questions

What Is a Deductible?

The deductible is the amount you’ll be expected to pay before your health insurance benefits begin covering costs. Bear in mind that copays and coinsurance usually don’t count toward your deductible.

How Does a Deductible Affect Monthly Premiums?

As a general rule, a lower deductible generally means higher monthly expenses, which could save money in the long run if you suffer from a chronic medical condition. Those in good health who don’t need to see a doctor very often may benefit from a plan with higher out-of-pocket costs and lower monthly payments.

What Is an Out-of-Pocket Maximum?

Each policy lists a maximum amount you will have to pay for services, after which your health insurance provider will pay 100%. Coinsurance, copays, and your deductible all count toward the maximum.

Do I Need an Agent?

While the health insurance marketplace makes it possible to buy policies directly from insurers, the policy information presented can be difficult for most people to understand. An experienced agent will evaluate your needs, walk you through the options, and help you select a plan that effectively balances costs and coverage amounts.

For more than a century, families throughout Elkins, WV, have relied on Allegheny Insurance Services for personalized service and compassionate attention. As an independent agency, they work with some of the leading insurers in the industry to provide a wide range of products. Visit their website to learn more about their health insurance services, follow their Facebook for more helpful tips, and call (304) 636-1680 to request a quote today.