There are some facts that you should be aware of if you are looking for cheap Florida health insurance. Shopping around, understanding your network, getting prescription coverage, being healthy, and reading your policy are all actions that can help you find a cheap health insurance plan in FL. Keep these facts in mind when getting quotes for cheap FL health insurance.
Action #1: Shop Around
There are many companies to choose from when you are looking for cheap Florida health insurance. Working with an independent agent can save you money. An independent agent is someone who does not work specifically for one company. They are able to give you quotes from several companies.
Online sources can also offer unbiased comparisons and critiques of different insurers. Of course, every insurer is bound to have some negative feedback, but overall percentages of satisfied customers can be helpful. It is important when shopping around to find a company that is licensed to sell health insurance in Florida. This will protect you, should the company fail. Some of the companies that are licensed to sell health insurance in Florida are:
- Blue Cross Blue Shield of FL
- Coventry Health and Life Insurance Company
- Golden Rule (United Healthcare)
- Vista Healthplan of South Florida
Action #2: Understand Your Network
All Florida PPO health insurance plans have networks. Staying in your network will save you money. When you shop around for Florida health insurance, be sure to ask the companies what hospitals are part of the network. If there are certain hospitals and/or doctors that you want to use, you have to choose a network that they are a part of.
If you do decide to use someone out of the network, all or some of the expenses may not be covered. Understanding all of this before purchasing insurance can help you avoid getting stuck in this kind of situation. By understanding which doctors, clinics, and hospitals are in your network, you will know what your choices will be.
Action #3: Get Prescription Coverage
One of the most costly parts of insurance is prescriptions. The average American under that age of 65 spends about $838 per year on prescriptions. The average American over the age of 65 spends about $1,914 per year. This can be higher depending on what illnesses are being faced.
Due to the high cost of prescription drugs, it is important to get a health insurance plan that covers prescriptions in whole or in part. This is especially important if you are older. When shopping around, ask companies about their prescription drug coverage, what drugs may be excluded, and if they cover both name brand and generic prescriptions. Having this type of coverage can save you hundreds of dollars per year.
Consider purchasing an HSA to not only get prescription coverage but to also enjoy some very nice tax benefits when you pay for those prescriptions.
Action #4: It Pays To Be Healthy
Health insurance premiums can more than double for people who smoke or are overweight. Since smokers are at risk for lung cancer, heart disease, gum disease, and even Alzheimers, insurance company will increase a smoker’s premium by up to 50%. Since second hand smoke has been attributed to asthma in some children, premiums can even be higher on a smoker’s family policy as well.
Obesity is another factor that will increase health insurance premiums. The health risks for being overweight include type 2 diabetes, cardiovascular disease, hypertension, stroke, and certain forms of cancer. Insurance companies will increase premiums to cover these possible health risks for overweight people. The healthier you are the easier it will be to find cheap Florida health insurance.
Many insurance companies are offering incentives for living a healthy lifestyle. These incentives include covering expenses for a gym membership, relaxation classes, and participation in community athletic events such as triathlons. Ask the companies you are getting quotes from if this is something they participate in.
Action #5 Read Your Policy Before You Sign
Reading over your health insurance policy before you sign, will ensure that you understand all the details. Pay special attention to what your policy covers and what is excluded from coverage. Understanding what is expected of you financially will help give you piece of mind.
Also, pay attention to conditions. Certain coverage depends on certain conditions being met. This is also true should you need to cancel your policy. Always read before you sign.
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