Home : health : 5 Common Mistakes To Steer Clear Of When Buying Health Insurance

5 common mistakes to steer clear of when buying health insurance

5 common mistakes to steer clear of when buying health insurance

Health insurance is a mandatory requirement for all residents in the country. Moreover, a multifold increase in medical costs has made it difficult to afford decent healthcare without insurance. But with so many plans and policies available for Medicare, Medicaid, and Medigap, choosing the right one can be challenging. It is also important to note and avoid these common mistakes while planning for healthcare coverage for self and one’s family. Here are some to avoid:

Not researching properly
You have to do primary research to understand the options for health insurance. For example, United Healthcare (UHC) offers exclusive Dual Eligible Special Needs Plans (D-SNP) benefits to qualifying applicants covering Medicare and Medicaid. Seniors above 65, those with special needs due to disabilities, and citizens eligible in the low-income criteria can apply for particular insurance policies by UHC. These criteria also impact part A and part B premiums payable for 2022. Without research, you might miss several of these benefits provided by private insurance companies.

Taking insufficient coverage
Policy coverage is one of the critical factors to consider when choosing health insurance plans. The first point to consider here is the average waiting period for the policies to activate and cover expenses. Understand that qualifying diseases carry a fixed waiting period before the provider can process the claims and reimburse expenses. It is also necessary to check how much pre-hospitalization, in-patient treatment, checkups, and prescription costs are covered. All these coverage options will bring down your out-of-pocket cost to pay for medical expenses.

Not understanding sub-limits and copay
Medical insurance companies may offer lower premium plans but at the expense of signing for a higher copay. This might save your monthly cost, but you’ll pay more for the agreed-upon copay percentage for the total medical expenses. So always read the terms to understand your share in such cases. Also, most insurance plans carry a sub-limit with caps on total claims for certain medical expenses. For example, if the provider can only cover $1,000 for a particular surgery, any excess amount over this limit will be payable out of your pocket. So, compare and understand sub-limits across multiple providers to find the best package.

Providing insufficient medical history
Health insurance providers are very particular when collecting personal data for compiling patient medical history. This is mainly because certain lifestyle choices that could result in self-harm or increase the risk of chronic illnesses will affect the coverage extent and the claim’s validity. These terms are all mentioned in the fine print of the document. Not maintaining transparency with the insurance company can result in claim rejections, a higher premium, and reduced policy coverage for critical illnesses.

Relying solely on employer insurance
Large organizations provide a group policy for their employees that offers basic coverage for eligible medical costs. However, it is also essential for you to consider taking up additional policies from third-party vendors to bridge the coverage gap and also prevent any shortfalls from receiving necessary medical treatment.

Popular Reads

Here’s how you can get your allergies detected

Here’s how you can get your allergies detected

How many times have allergies caused you to sneeze every time you take a ride in the open air? Or rashes on coming in contact with a plant? Or swelling as a result of a peanut allergy? Sneezing, running noses, watery eyes, rashes, swelling all these reactions due to allergies can be quite distressing. Allergies are more common and can be caused by various things. The cause of allergies is still unknown, it could be genetic or just a singular development. However, they can be easily detected by just visiting your doctor and undergoing some tests. Read on to know more about what are allergies and how to detect them. What are allergies? The immune system is designed to fight any entrant in the body that it recognizes as foreign. However, at times, the immune system becomes over vigilant and starts fighting foreign entrants that are not harmful. Substances that cause the immune system to react this way are called “allergens”, and when you display symptoms of these interactions, you are diagnosed “allergic” to the substance. Allergens can include plants, grass, pollen, dust, food, animal dander among others. While symptoms like running nose, sneezing, watery eyes, rashes, itching, and others, are all attributed to allergic reactions.
5 frequently asked questions about Alzheimer’s disease

5 frequently asked questions about Alzheimer’s disease

A common form of dementia, Alzheimer’s disease is a debilitating and progressive disease that affects the brain and motor functions of the body. The disease progresses through stages. It begins to affect the regions of the brain that control language, thought, and memory. In most of the cases, it begins with a slight memory loss. In the final stages, Alzheimer’s disease leads to the loss of various abilities including motor skills, speech, and independent movement. Here are a few frequently asked questions about Alzheimer’s. What are the causes? Alzheimer’s disease does not have any definite cause. Research has been unable to conclude whether Alzheimer’s is developed by one cause or multiple ones. The exact cause of the ailment is not yet known. However, there are multiple factors that may increase the risk of Alzheimer’s disease. One of the major causes is ageism. Also, a family history of Alzheimer’s is another major risk. This may lead to the inheritance of genes that cause this disease. Some other possible risk factors that can cause Alzheimer’s include high blood pressure, cardiovascular diseases, and high cholesterol. What are the symptoms? In most cases, the first warning sign of Alzheimer’s disease is a loss of cognitive ability.
Four important steps in anemia management

Four important steps in anemia management

Hemoglobin is a protein molecule in the red blood cells responsible for carrying oxygen throughout the body. Its richness in iron gives blood its red color. Anemia is a condition where a person has low hemoglobin or red blood cell count. From an underlying disease to nutrient deficiencies, there are a lot of factors that contribute to the onset of this condition. There are many forms of anemia. Some of them include: Iron deficiency anemia -This is caused due to low iron levels in the blood. Most common causes of this type of anemia are heavy menstruation or internal bleeding. Vitamin deficiency anemia – This type of anemia is caused by the deficiency of vitamin C, B-12 or folate Aplastic anemia – Damaged stem cells in the bone marrow fail to produce enough red blood cells, leading to aplastic anemia. Sickle cell anemia – This is a condition characterized by the development of abnormal crescent-shaped red blood cells. Hemolytic anemia – This is a blood disorder caused due to premature death of red blood cells. Thalassemia – This is caused due to low amounts of hemoglobin in the blood. The blood disorders vary in duration and severity. Prompt diagnosis, and treatment are important because anemia could also be due to an underlying condition.