Medical Expenses Insurance Good but Cheap

We all want health insurance at an affordable price. What to do then to avoid sacrificing quality when looking for the best price? There is no big secret, they are recommendations to find a useful alternative and protect your family with major medical insurance without frills.

How do I find cheap health insurance?

• Avoid low deductibles
• Compare between different insurers
• Eliminate coverages that are not useful to you

Avoid low deductibles

In individual contract insurance, the deductibles available today range from $8,000 to $12,000 pesos. There are those who look for smaller options but this dramatically increases the cost of your plan. Choosing a low deductible means a higher cost of insurance. In most insurances, the deductible is what affects the cost of the policy the most; a situation that worsens with age. You must take into account that you have to have the amount of the deductible available when facing an illness, so it would be absurd to also take out insurance for major medical expenses with a deductible so high that you cannot cover it. For the insurer to start covering, you must have paid that amount before. Insurance coverage begins after your expenses exceed the deductible.

Medical insurance is known as MAJOR Medical Expense Insurance. I emphasize the word MAJOR since precisely the idea is to cover amounts that are out of your budget or economic possibility. Taking into account the above and also that the older you are, consider taking a high deductible but not impossible to cover.

Eliminate coverage you don't need

We have often found policies that have many of the additional coverages and the client does not know what they are for, what they are for, and when they could benefit him. Although not all covers can be removed and put on, analyze the ones you have and if you would actually use them. For example; if you have international coverage, the idea is that you attend abroad. But consider that care abroad implies many additional expenses in addition to the doctors (who will accompany you, if you will have to travel to follow up on the treatment, etc.). Another example is why take out family protection coverage in the event of your death if you still do not have a family.

Compare between insurers

Although I have the phrase that no two medical insurances are the same if it is possible to compare them. Analyze your need and see what is most important to you if you use the insurance. For example, in which hospital would you like to see yourself, if it will be with network doctors or free choice, etc. Once you define what you want, request plans with those requirements and at the end compare the prices. Different insurers charge different prices for comparable coverage levels.

I don't think there is a good enough reason to choose one insurer over another, paying more. All insurers are subject to the same regulation and supervision by the Insurance and Bonds Commission, so they will respond to you when you need to use your insurance.

Conclusion. Comparing Medical Expense Insurance can be very complex. It is a very broad branch and each insurer handles different proposals. There are even insurers that can have up to 5 or more products only for medical expenses, but if you do a good analysis of your coverage and/or have correct and honest advice without seeking to privilege any insurer because it suits your agent or because does not handle another insurer. Surely you will be able to optimize the price of your coverage, thus saving money.