Health insurance is an essential investment, providing access to the crucial medical care you need to pay for basic medical care, long-term care, and prescription drugs. However, insurance companies offer an overwhelming variety of options, which makes choosing the right plan for your family confusing. Below are a few factors to consider when choosing a coverage plan.

5 Factors to Consider When Choosing a Health Insurance Plan

1. The Network of Providers

Some health insurance options may seem affordable, but they may only offer a limited selection of doctors and other health care providers. If you already have a physician you like, choosing a plan they accept will ensure you keep getting the medical care you want.

2. Monthly Premiums

The monthly coverage costs are crucial to consider but shouldn’t be the deciding factor. Depending on your family’s health care needs, a low-premium plan with high deductibles and a limited network might cost more in the long run than one with slightly higher monthly expenses.

3. Access to Specialists

Some serious medical conditions can only be treated by specialists trained to deal with that specific issue. If anyone in your family has a chronic illness or needs regular treatment, choose a plan that offers access to the necessary specialists.

4. Prescription Drug Coverage

Almost every health insurance plan covers some prescription drugs, but each has its own formula that determines how much they’ll pay. Under some plans, you might have to try a low-cost generic option or obtain prior authorization before filling a prescription for expensive medications.

5. Your Lifestyle

If you generally stay in one place, an HMO might offer a wider network of local providers, although specialists appointments might have to be coordinated through your primary care doctor. PPOs have more extensive national networks and are usually better suited to patients who frequently travel. Finding a policy that suits your lifestyle will ensure you get the service you need when you need it.

Since 1890, Mountcastle Insurance has provided detailed insurance advice and tailored protection to families throughout the Winston-Salem, NC, area. Their experienced agents have access to an unparalleled range of high-quality policy options and will help you make the right choice. Visit their website or follow their Facebook for more on their individual health insurance services. You can also call (336) 777-8500 to schedule an appointment and request a quote.