What Are the Most Affordable Health Insurance Companies?

Affordable health insurance is the goal for many people; however, if you are currently looking for health insurance, you are probably finding that there is no such thing as cheap health insurance. That opens up the question of which providers are the most affordable. The problem is, there is no easy answer to that question. What may be very affordable for your neighbor, who has no health conditions and has no family history of heart problems, may not be affordable for you because your father had a heart attack and you are over-weight.

Step One: Compare. Finding the most affordable health insurance companies is going to start with you using a third-party quote tool. Quote tools allow you to find companies that are offering the lowest rates for the type of insurance that you want. You can compare HMOs, PPO, POS and even Indemnity plans to see what type of plan best suits your budget and your healthcare needs.

Step Two: Find a doctor. Some of the things that will make an insurance plan right for you are things like whether or not a doctor that you like is on the plan, if you have a medical condition will it be covered on the plan, what type of claim statistics do they have and whether or not you can afford the premiums for the plan. Of course, if there are other things that are very important to you, then they need to be considered as well.

Step Three: Look at prescription costs. Consider if you or anyone on your policy get prescriptions filled on a regular basis. Then look at what your prospective policies offer for this coverage.

Step Three: Special Coverages. Maternity benefits, vision and dental are all important to people at different times in their lives. A great policy that doesn’t offer what you need when you need it is useless.

You can consider looking at companies like United Healthcare, American Association for Retired Persons, Aetna, Blue Cross Blue Shield and CIGNA. All offer what are considered affordable coverages, depending on your stage in life and medical needs at this time. These are only a few of the many companies you can consider.

Government Telling Health Insurance Companies How Much They Can Make – Hypocritical

Whenever government takes over an industry, regardless of which country or which sector, shortages will soon follow. This is because the free-market mechanism has been altered due to regulation, legislation, nationalization, or perhaps due to antitrust laws. More often than not we see this in socialized countries. We see it United States with utilities, and other so-called “natural monopolies” also. In fact, we’re seeing it right now with ObamaCare. Although we haven’t seen the shortages yet, we will, there are already signs.

There have been a number of mergers with health insurance companies, hospitals, HMOs, and medical device companies as everyone readjusts to the future Affordable Health Care Act. When there are shortages the price goes up, and when the price goes up too much, the government will institute price controls. One only has to look at the history of governments meddling in business, industry and economies to see this is true.

Now then, there was an interesting piece in the Wall Street Journal on August 13, 2013 titled; “Flood Insurance Prices Surge – Law Passed by Congress Before Sandy Is Causing Sticker Shock – and a Backlash,” by Siobhan Hughes which noted that; “the $24 billion cumulative loss for the National Flood Insurance Program.

The government says they have no choice but to raise the price. Isn’t that interesting? If it were left to the private sector the price would eventually fall in line, and it would be reality based. It would be based on risk, region, and the potential for a real flood, overflowing river, early ice melt, tsunami, storm surge, or what have you. Insurance companies are not stupid, they do their homework. They use the same ERSI software that the GIS experts working in government and their consultants use. They also use the same map when it comes to probability and risk.

Okay so, perhaps you can understand why I find it fascinating that the government is raising prices when it provides the insurance, but wants to institute price controls further exacerbating the challenges they’ve caused by manipulating the free-market system when it comes to the Affordable Health Care Act. If you ask me this is a bit of hypocrisy, but that’s how government does things. Recently the Kaiser foundation had done a study about the increase in health care insurance plans, showing that they have and will continue to increase. How can they not, I ask? And Kaiser went mellow on the recent price increased and future estimated costs (I believe underestimating it all by a factor of 30).

Still, the government has told health insurance providers that they may not charge more than 20% for the administration of their healthcare plans, and they must spend at least 80% on actual medical services. Really? The government usually spends 45% of whatever it gives out in administration costs. Meanwhile the government tells the insurance companies how to run their business, using approved methods, designed by the same government which cannot possibly live with its own mandate of only 20% administration costs.

Please consider all this on a philosophical, economic, and reality based level. That is all.

California Health Insurance Companies – Simple Ways To Find The Best

Extensive shopping is the main strategy for getting the most remarkable savings possible for your preferred coverage. There are a lot of ways open to you to do extensive shopping…

1. Ask those around you about their insurance providers. Know the level of service they get and what they pay where you can ask them. It makes sense to go with their provider if they rave about them.

Notwithstanding the fact that it looks fine to opt for an insurer or agent that has been highly recommended by your trusted acquaintance, it also pays to shortlist more than one highly recommended agent. This will raise your chances of getting an agent who will give the best service and quotes.

The fact remains that you will do better shopping if you try to shortlist and compare up to three agents. Take out time to get quotes from every agent you were referred to. Have extensive discussions with them and find out who you prefer. This could take you quite some time.

2. You can locate agents by using the Yellow Pages. You can implement this as a starting point. However, make sure you are very cautious in choosing an agent without any referral or backing from a trusted institution. This route is more exacting and calls for more carefulness from you as you can’t easily guarantee an agent’s quality of service without a first-hand experience.

3. Every state has a department that is in charge of insurance there and always has useful information for all insurance buyers in the state. If you need unbiased information you can rely on, this is the right place. Getting information you can trust will make it easier for you to make the best choices in your situation.

4. Consumer guides are truly valuable resources for those shopping for insurance. They will give you an idea of average rates. They also offer great advice that will help you make huge savings without lowering the quality of coverage you get. Bear in mind that the rates you see in such guides are not what you might get. They are merely to give you an idea. To shop right obtain quotes from a minimum of three agents. Doing this will help you get the best price/value as you’d receive quotes for your particular situation.

5. If you have an agent for an existing policy, whose quality of service you are pleased with, tell them that you’re shopping for health insurance. Whatever you do, don’t get quotes from only an agent. No matter how remarkable their service is. There’s always an opportunity for better value. The key to proper shopping is comparing quotes and services offered (and you can’t compare just a quote).

6. For those who have direct lines to insurance companies, you can call them directly for quotes. Get from as many insurers as make sense. Weigh their rates for the value offered and you’ll be on track to getting the biggest savings there is for your profile.

As you take other steps to reduce your health premium, here’s something you can do to receive lower rates now. Visit good insurance quotes sites and get quotes.

Visit not less than five of such sites for the best results. This is because there are hundreds of health insurance companies in California and getting quotes from many sites helps you take advantage of rates from every insurer in the state.

Remember, it’s free, quick and easy. Make sure you give your correct details as you complete the forms on each site. Thereafter, just pick the offer that gives you the best price/value from the quotes you’ve obtained.