Is Cheap Health Insurance Worth the Price?

Finance Articles | April 20, 2011

If you are one of the many millions of Americans without healthinsurance, then not only is your life and your health at stake, but soare your finances. No one can afford a major illness these days without afull health insurance policy in place and if you are not provided oneby your employer, then now is the time to look into cheap healthinsurance.

A lot of people without any health insurance policy don�t even go shopping for it because they think that it will simply be too expensive, but that is not the case. In fact, you can buy a wide variety of plans online that will cover you for minor sicknesses or major illnesses and injuries at a price that you can afford.

One mistake that you should never make is to pay to get on your employer�s health care plan. Doing so is perhaps the most expensive way of getting health insurance. You will get a much better price on cheap health insurance if you get your own policy that is not part of some group. The reason for this is because when you are on your own, your policy�s price is based solely on your own health and lifestyle choices, rather than those of a large group of people who may be overweight, smokers, or have pre-existing conditions.

There are a few different factors that you should pay attention to when you are getting quotes for cheap health insurance. First of all, try to get your quotes all from one website, since it will make it a lot easier to compare them. You should then take a look at what the co-pays are for both office visits and prescriptions. By doing so, you will then have a better idea on what you will be paying for all of your healthcare needs.

If you are a fairly healthy person and don�t go to the doctor�s office very often, then you can usually get away with a higher co-pay. The same goes for people who don�t take a lot of prescriptions. By choosing higher co-pays, you will save a lot on your premium. On the other hand, if you do tend to get sick a lot or you have a chronic condition, then choosing a plan with a lower office visit co-pay and a lower co-pay for your prescriptions will end up saving you a lot more money.