SHOPPING FOR HEALTH INSURANCE

Here are some steps to take to be your own best friend when shopping for health insurance.

Get multiple quotes
Either visit the offices of insurance companies locally or use the web to compare rates, benefits and policy terms. Don’t take out any insurance plan until you review at least three plans. Consider comparison shopping with at least two to three brokers.

Know the pros and cons of each plan
A major medical plan will typically have higher rates than a short-term plan however if you develop any health problems during the time of a short-term plan then you’ll have the problem of pre-existing conditions either forcing you into higher rates or placing you in the position of not being able to buy coverage.

Check out who the broker represents
Does your broker represent only one company or does the broker sell the plans of multiple companies?

Check for licenses
Call your Better Business Bureau to learn if complaints have been filed against the broker or company. Check with your state insurance commissioner’s office to be certain that the broker and company is licensed to operate in your state. Be sure you’re buying a legitimate policy and not a scam.  Most state websites allow you to check for licenses online. ex. CA (http://www.insurance.ca.gov/license-status/index.cfm)

Taking charge of your health means taking charge of your health insurance. Shop with your eyes open and your hands on your wallet.

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