Looking for the best Florida health insurance rates? For residents of Florida, health insurance rates are definitely a concern. The state has an uninsured rate of over 18% and the cost of health insurance in FL is a main reason why people don’t have the coverage they need. With rates for Florida health insurance being high at times, you need to shop carefully to get the best possible pricing for yourself and your family. To save yourself some time be sure and use our free instant Florida health insurance finder at the top of the page.
How FL Health Insurance Companies Determine Rates
When you apply for a Florida health insurance policy, the insurance company has its underwriters review your application in detail. Your current health as well as your family history are considered, and the company determines how to deal with your application. It may agree to insure you and set a rate for your coverage or decline to do so. The company may also agree to provide insurance coverage, but impose a waiting period because of a pre-existing condition.
A pre-existing condition can be defined as any condition for which you sought the advice of a physician or received treatment before you applied for coverage. The insurance company can refuse to pay any claims arising from a pre-existing condition for a certain amount of time after you buy your new health insurance policy. The idea here is to discourage people from waiting to start shopping for health insurance coverage after they get sick. In fact, it’s better all around to obtains insurance while you are healthy.
If you are young and in relatively good health, you should be able to get better rates for your Florida health insurance coverage than someone who waits until they are older to buy coverage. Your family history does have a bearing on the rates that you will be charged, and unfortunately you can’t do much about your genetic makeup. However, you can make good choices about your health by not smoking, consuming alcohol only in moderation (if at all), and maintaining a healthy weight. All of these steps will make you less risky to insure, and should result in lower rates. Chances are, you many find private health insurance more affordable if you are a healthy individual. This is because you won’t need to pay for the riskier candidates in a work sponsored plan.
Resist the urge to be less than truthful if you are asked to answer some health-related questions or fill out a questionnaire. The insurance company or agents are not trying to invade your privacy. This information is necessary to determine whether you are likely to make a lot of claims against your insurance policy. The more likely you are to run up medical expenses, the more your health insurance company is going to charge you for coverage.
How to Keep Your Florida Health Insurance Costs Down
One way you can keep your premium costs down while still getting the coverage you need is to look at Florida health insurance plans with a high deductible. The deductible is the amount you have agreed to pay out of pocket before the insurance company will cover any of your health expenses. The higher the deductible, the lower your premium payments will be.
You may mainly need insurance for major medical concerns. In this case, you will want to look for a policy with a high deductible. In a situation where you can pay for the cost of visits to a doctor or prescriptions yourself, you should be able to save money on the cost of your health insurance. However, if you want a policy that covers you for more services, you may need to be prepared to pay a higher rate when it comes to your premiums. If you have questions on how best to balance these concerns, give our independent agents a call.
To avoid paying more than you need to for your Florida health insurance coverage, one way to get the best possible rate is to shop around. Insurance companies have their own criteria to determine how risky a particular person will be to insure. Even if you have been turned down for coverage by one insurance company, you may still be able to get coverage from another one.
First decide exactly what types of coverage are most important to you, and which ones you can put in the category of “nice to have.” When you are comparing policies, don’t just look at which one gives you the best price on premium rates. You will want to find one that has the coverage you need at a price you can afford to pay.
Finding Cheap Florida Health Insurance Rates Online
You can start comparing Florida health insurance rates right now. All you need to do is click on the Florida health insurance quote tool at the top of this page to get started. Nothing could be easier, and it’s free! Why don’t you get started right now?