Health Insurance for Small Business – The best plan is a great agent Pt 2
Does 100% of health plans offer the insurance beneficiary better peace of mind? Maybe so. But is a comprehensive Major Medical Insurance 2020 found here https://www.medicalinsurance2020.org something that many individuals crave for? Probably not so! In my professional opinion, when you buy a health insurance plan, you must strike a balance between 4 important variables; wishes, needs, risk and price. Just like you would if you are buying options for a new car, you have to weigh all those variables before spending your money. If you are healthy, do not take medication and rarely go to the doctor, do you really need a 100% plan with a $5 co-pay for prescribed medications if you cost $300 more per month?
It is worth US $200 more per month to have a franchise of US $ 250.00 and a brand of US $20.00 / R$ 10.00 generic co-payment in front of an 80/20 plan with a franchise of US$ 2,500.00 which also offers a $20.00 mark? once a year $100 Rx deductible? Will not the 80/20 plan still offer adequate coverage? You do not think it would be better to place this extra $200 ($2,400 a year) in your bank account, just in case you have to pay your $2,500 franchise or buy a $12 Amoxicillin prescription? Is not it more sensible to keep your money sweat instead of paying higher premiums for an insurance company?
Yes, there are many ways to keep more money that would normally give an insurance company in the form of higher monthly premiums. For example, the federal government encourages consumers to buy H.S.A. (Health Savings Account) qualified the High Deduction Health Plans (HD.H.P.) so that they have more control over how the health care dollars are spent. Consumers who buy an HSA Qualified H.D.H.P. You can put extra money aside each year in an interest-bearing account so that you can make use of that money to make payment for out-of-pocket medical costs. Even procedures which are not usually covered by insurance firms, such as orthodontics, Lasik eye surgery, and alternative medications, become 100% deductible. If there are no claims in that year, the money that is deposited in the deferred tax H.S.A can be transferred the following year, obtaining an even higher interest rate. If there are no significant claims for several years (as is often the case), the insured ends up building a considerable account that enjoys tax benefits similar to those of a traditional IRA. The majority H.S.A. Administrators now offer thousands of mutual funds without a load to transfer their H.S.A. funds so that you can potentially earn an even higher interest rate.
In my experience, I believe that individuals who buy their health plan based on desires, rather than needs, feel the most defrauded or “stolen” by their insurance company and / or insurance agent. Actually, I hear almost identical comments from almost all the entrepreneurs with whom I speak. Comments like: “I have to manage my business, I do not have time to get sick!” “I think I went to the doctor twice in the last 5 years” and “My insurance company continues to increase my rates and I do not even use my insurance!” As a business owner, I can understand their frustration. So, is there any simple formula which every person can follow to facilitate the purchase of health insurance? Certainly! Be a well-informed consumer.