Buying health insurance can be a challenging process to navigate. Coverage and costs vary greatly from one plan to the next, which often causes confusion and makes it easy to end up underinsured or overpaying on premiums. Thus, even if you’re currently in good health, it’s crucial to consider many factors and take your time when choosing a policy to ensure your finances are protected. Here are a few tips for shopping to maximize your plan benefits and secure the best deal.

Do:

Pay attention to the terms and conditions.

Every health insurance plan has restrictions on coverage, so you want to know what these are before deciding. Pay special attention to the parts of a policy that discuss pre-existing conditions, specialist referrals, waiting periods, and prescription drug coverage.

Understand the provider network.

Before choosing a plan, find out which providers are in the network, especially if you have certain doctors or hospitals you prefer. Getting treatment outside of the network can leave you paying a considerable amount out of pocket.

Don’t:

Forget to consider the true cost of coverage.

Monthly premiums are only a portion of the costs associated with health insurance. Should you need medical care, your financial responsibilities may also include co-pays, co-insurance, and deductibles. Ask about all of the expenses you’ll be responsible for to use your coverage.

Neglect to comparison shop.

Insurance companies frequently change their plan coverage and pricing. The most effective way to ensure you’re getting suitable protection at the lowest rate possible is to compare policies from several insurers. Though it takes some effort, this can lead to substantial savings.

Whether it’s your first time purchasing health insurance or you have a plan that needs to be renewed, turn to Southern Insurance Associates for help exploring your options. Their agents are knowledgeable about the marketplace and will assist you in finding the right coverage for your unique situation. Based in Hixson, TN, they’ve been providing residents throughout the Tri-State area with high-quality products since 2002. Call (423) 296-0626 to schedule an appointment, or visit them online to learn more about the services they offer.