How to pick the right Health Insurance Plan?

1. How to pick the right Health Insurance Plan? Health Insurance in this country can be confusing and expensive, but the truth is that you need it. So in this article below, we will try to explain Health Insurance and its importance. Our bodies are fragile and prone to damage. Unfortunately, surgery is the only way to fix that, and it doesn’t come cheap. Most surgeries cost more money than a sports car and without health insurance you’d have no option but to pay it. However, if you do have Health Insurance Policy, you’d only have to pay a portion of the total cost of the surgery, and maybe you can start saving up money for your dream car. If you think all insurances are expensive, think again, because there are a lot of options in the market and we, at Policy Market, ensure that you get the one that best meets your needs. Now, there are four options when it comes to buying a Health Insurance plans – Bronze, Silver, Gold and Platinum. Basically, the higher the medal the more you’ll have to pay for your premium, but the less you’ll have to pay for your Copay, the Deductible and your out of pocket maximum. It seems like we lost you there, so let us first understand these terms.

2. Premium – It is the fixed amount you pay monthly to your insurance provider. Deductible – This is the amount you pay out of your own pocket before the insurance company covers any expenditure. Copay – It is the flat fee that you have to pay even after your Deductible is paid for specific services like prescriptions or doctor’s appointment. So knowing this, how do you decide the right insurance plan for yourself? Looking at it from an ideal Cost/Benefit pint of view, your annual healthcare costs must be well above or well below your deductible. So that’s it then. Now that you know what health insurance is all about, you are set to buy your first plan. Visit Policy Market to get the best health insurance policy.