Thursday
What to Do If Your Employer Provided Insurance Isn't Enough
In some cases, the health insurance provided by your employer is not enough to cover your health care needs. Some companies do not offer health insurance benefits at all. A great number of small companies who do offer health insurance often have plans with high deductibles. This means the company spends less money and you spend more. A deductible comes out of your pocket, so the higher the deductible on your policy the lower the premium costs.
For example, if your policy has a $2500 deductible, that means you will be responsible for the first $2500 of your medical costs and after that, the insurance pays for the rest. When you think about it, most people don't spend that much on medical costs in an average year. Therefore, you're practically paying for your own health care. There are ways to save on these costs.
If you meet a certain income criteria, you may be able to apply for medical financial assistance through your local health care center, hospital or Social Services. Health and human services offer programs for those who meet certain guidelines who are uninsured, or whose employer provided insurance is too expensive. How this works is simple -- when you get a medical bill it is first filed with your insurance and the remaining invoice is sent to you. If you have assistance the program pays the balance or a portion of the balance.
You don't have to use the insurance your employer provides. There are plenty of different insurance companies out there with different plans to meet various needs. You can find the perfect plan for you by comparing rates and features. The easiest way to do this is to get a free quote from a site like Insurance Byte. Actually, you get multiple quotes from the biggest health insurance providers like Blue Cross Blue Shield and Aetna, for example, just by completing a simple and secure form.
Angela_Harris
