Understanding the Figures
If you’re in the market for health insurance, you’ll likely be bombarded by facts, figures, numbers, statistics, and quotes until your head begins to spin. For the uninitiated, buying health insurance can often be overwhelming and while an insurance salesperson will often answer any of your questions, it’s often a good idea to understand just ….
what you’re looking at on your own. To get the best policy for you, you’ll want to compare different NC health insurance quotes and find the perfect one for your needs. This is hard to do if you don’t fully understand all of the terms on the quote.
The most obvious number you’ll be looking at when you compare NC health insurance quotes is the premium. Put simply, this is the amount that you’ll be paying the insurance company each month for your insurance coverage. Numerous factors can influence this figure, but it’s important to find a plan that you can afford. Most people will want to find a policy with a co-pay. This is a fixed amount that you’ll pay for doctor visits or prescription drugs, and the exact number will vary by policy. You may only have to pay twenty five dollars for a doctor’s visit, for example, or pay ten dollars for each prescription.
Next, look at the deductible amount. Essentially, the deductible is the amount you’ll have to pay in medical costs before the insurance company picks up the rest. For example, if a hospital stay costs you twelve thousand dollars and your deductible is two thousand, you’ll have to pay that two thousand first and then your provider will pay the remaining ten. This is cumulative, and could include minor doctor’s visits, with each visit’s fee going towards your deductible. Also be sure that you compare the coverage limits on your NC health insurance quotes, since that is the maximum amount that your insurance company will pay for in a year.
Don’t overlook the exclusions that are listed on your NC health insurance quotes, either. These are the services that simply aren’t paid for by your insurance. You’ll have to pay for these procedures out of your own pocket, and they likely won’t count towards your deductible. Cosmetic surgeries are good examples of common exclusions, but exactly what is excluded will vary from policy to policy. There are plenty of great health insurance plans out there, and as long as you understand these basic factors you should be able to get the best policy for you.
