6 Tips to Help You Choose the Right Health Insurance Plan

May 11, 2022

It’s important to choose the right health insurance plan since everyone, especially seniors, has their own unique needs. Don’t settle for a one-size-fits-all plan because there are multiple options to consider. Here are six essential tips to help you find the right health insurance plan.

  1. Be Sure of Where to Go

    Due to the vast number of insurance providers to choose from, searching for a health insurance plan can be time-consuming and overwhelming. To understand your options, start with your age. If you are 65 or older, you’re entitled to Medicare benefits. You might also qualify for certain disabilities. You have until December 7 this year for Medicare or Medicare Advantage open enrollment, which allows you to adjust your supplemental health and prescription drug plans.

  2. Focus on Things That Are Predictable About Your Health

    If you are in good health, you may not have to worry about crafting a detailed plan. Your choice is further simplified if you work for an employer that offers a group health plan. However, if you have health conditions and you’re shopping for a plan in the Affordable Health Care Act (ACA) marketplaces, you might need help from an insurance expert to navigate through the countless policy choices. Be aware of options such as Health Maintenance Organization (HMO) and Preferred Provider Organization (PPO) plans.

  3. Improve Your Health Insurance Vocabulary

    Learn various terms used by insurance companies that may seem confusing to first-time buyers. Know that premium, for example, means monthly payment, and deductible means the amount you pay upfront when you file a claim. Coinsurance means the amount you pay once you’ve paid your deductible. When you come across a term you don’t understand in your policy, either look it up or ask the agent to clarify.

  4. Get Guidance from a Reputable Professional

    Talking with a trustworthy and experienced insurance expert can help you get the right plan for your needs. Many people either overpay or don’t sign up for enough services because they don’t spend time going through the various options. In 2021, the Biden Administration quadrupled the number of navigators ahead of open enrollment. An independent insurance agent who works with multiple insurers can speed up the selection process for you.

  5. Steer Clear of Plans That Sound Too Good to be True

    There are still many deceptive websites online that only exist to take people’s money and don’t give much in return. Beware of any insurance promise that sounds too good to be true, such as several months of free coverage if you pay a small fee upfront. Sometimes cheap plans are short-term and don’t provide meaningful coverage or basics like annual checkups. You can avoid such con artists by going directly to Healthcare.gov to find a legitimate plan.

  6. Be Aware of the Deadlines

    In 2022, the sign-up period for the Healthcare.gov marketplace began on November 1, 2021, and ended on January 15, 2022. The general enrollment of a Medicare plan is from January 1 through March 31 of each year. If you miss the deadline, you may have to pay a late enrollment fee.
    Finding the right health insurance plan for your needs takes time. By working with Gant Insurance Agency, you will learn about various healthcare options to speed up your selection. Contact us today to get started on an affordable health insurance plan.