SOURCE: GoHealthInsurance


March 17, 2010 11:37 ET Gives Tips on How to Avoid the Wrong Health Insurance Plans

CHICAGO, IL--(Marketwire - March 17, 2010) -  When it comes to health insurance, finding the right coverage is everything. And it's not just a matter of finding the right coverage; it's also finding the right price. Here are a few ways to make sure you avoid the wrong health plan.

Find a licensed and credible agent.

Any agent that a consumer is conducting business with should have a valid license. Insurance companies will be able to provide recommendations for consumers who are looking into policies as well. 

If there are any questions of legitimacy, consumers can contact their state's insurance directors or the Better Business Bureau to provide information on agents who are credible and licensed.

Avoid limited-benefit plans.

If a health insurance plan seems too good to be true, then it most likely is. For example, limited benefit plans may be really cheap but provide little coverage for basic care and completely exclude catastrophic coverage. Consumers with this type of plan usually face cumbersome medical bills after receiving services for any illness.

Steer clear of health discount cards.

Health discount cards have gained notoriety over the years for offering discounted services that provide limited medical benefits. These minimal discounts are not forms of insurance like they claim and will include a waiver saying that it is not "major medical insurance," which should alert any consumer that it is not a reliable policy.

Very few health care providers will actually allow the discount cards to be used. Even if hospitals do accept the discount cards, it will only cover a percentage of the medical costs. So if a discount card covers 20 percent of the costs, many consumers are still left with enormous out-of-pocket costs for services.

Every consumer looking for health insurance needs to informed about what to avoid and what to look for in a policy. The more consumers know about a health insurance policy, the better choice they will make. After becoming knowledgeable about health insurance, consumers should compare health insurance quotes to find the most affordable option.

About GoHealthInsurance makes buying health insurance simple. GoHealthInsurance explains health coverage options in plain English, provides free health insurance quotes, connects shoppers with local agents, and helps consumers choose plans that meet their health and budget needs.

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