How Do You Decipher Health Insurance Quotes?
The world of health insurance is filled with stats, numbers and terminology you probably are not familiar with. If you are shopping for a health insurance provider, you have undoubtedly heard the term “quote” used frequently. The different parts of a quote can be deciphered with these guidelines. Read the materials each insurance company has provided when deciphering health insurance quotes. For example, one company may be significantly higher than the next. Determine why this is. Look at the deductible for each company’s quote. The deductible is the amount of money you must pay toward health care annually or monthly before the insurance will cover your medical care payments. This number may differ greatly between companies, even when comparing apples to apples. Determine if the insurance quote is for a PPO or an HMO. If they have a wider range of doctors and lower co-pays, you may find it is a better deal for you. HMOs are Health Maintenance Organizations. They are groups of medical p
