Listen carefully to this Florida discount health insurance warning if you happen to see a web site or an article discussing unbelievable rate reductions. When you are looking for health insurance in FL, a discount warning is a red flag designed to tell you that the company you are considering may not be the best choice for you.
Florida discount cards, Florida discount health plans, and other types of non major medical health insurance can put you in a world of hurt.
Read on to get some of the specific on FL discount cards and FL discount health plans and then use our free Florida health insurance quote tool at the top of the page to compare rates from top trusted companies offering real Florida health insurance.
Florida Discount Cards and Health Insurance
Given the cost of health insurance, consumers are going to pay attention to any company offering them a discount on the cost of medical care. In Florida, there are several companies who have been promoting discount cards and programs that claim to do this for consumers. The customer is required to pay a fee to sign up for the program, which has a network of participating doctors and health care providers.
The customer receives a discount on the cost of the health care services provided, and is responsible for paying most of the bill themselves. If one of these companies is representing itself as an insurance company then that is not accurate. The level of benefits offered is not the same as with an individual health insurance plan.
A consumer may be charged a set fee every month before they can get access to any kind of discount on the cost of their health insurance coverage. Even if you bought a discount card that gave you a 20% break on the cost of your coverage, you are still responsible for paying for the other 80% of the cost of your health care yourself. This is not the same type of product as an individual health insurance policy.
How Florida Health Insurance Works
When you buy a Florida health insurance policy, you go through an application process. The insurance company will need to find out details about your family history and current health. You will be asked about your personal habits, such as whether you smoke, use drugs, or consume alcohol. The insurance company takes this information and it goes to the company’s underwriters.
An underwriter is a person who is trained to evaluate a proposed insured’s level of risk. The more risk you present to the company in the likelihood of making a claim against your policy, the more you will be paying for your health insurance coverage. The underwriter will review your application and the company will either accept your application and issue a policy, or refuse to insure you, or agree to provide coverage but at a higher premium rate. In the case of a discount card, paying the fee is all you need to do to participate in the program.
Once you have a health insurance policy in place, you are required to pay an annual deductible. This is the amount you have elected to pay before the insurance company will pay any benefits. Choosing a higher deductible means that you qualify for lower premium rates. In a situation where you can pay for a certain portion of your health care expenses yourself, it may make more sense for you to buy a policy with a high deductible so that you have insurance coverage in place for major medical expenses.
A discount card plan may have specific restrictions on when you can get a discount. For example, you may be asked to book an appointment to see a doctor several days in advance. Emergency hospital care may not be included in the services that you can get at a discount; instead, you may be required to give 30-days notice before you can get the better rate.
A health insurance plan will pay benefits up to the policy limits once you have paid your annual deductible. With a discount card plan, you get a better price, but you are still responsible for paying for your health care. The plan may require you to pay for services in advance. A doctor’s office or hospital may bill the health insurance company directly.
When you are looking for health insurance coverage, you will want to make sure that you understand exactly what level of coverage you are getting for the premium rates you are paying. If the plan you are considering is one that works with a network of health care providers, ask to see a list of participants. Then contact some of the providers on the list to confirm that they are participating in the program. Another way that consumers in Florida can practice their due diligence when investigating health insurance coverage options is to contact the Florida Department of Financial Services for assistance. Also, use the number above to have your question answered by knowledge insurance agents who are not affiliate with a specific providers
Compare Florida Health Insurance Quotes
Now that you understand the Florida discount health insurance warning, why don’t you ask for some quotes from FL health insurance companies ready to serve you? The insurance quote tool at the top of this page is free, and easy to use. Why don’t you click on it right now to get started?