How Do You Shop For Health Insurance Policies?
Health insurance premiums have skyrocketed over the past few decades for a few reasons. Improved technology has helped us live longer, but has also increased the cost of health care. MRIs, special surgical procedures and new tests and screenings have added to the cost of health care. The second reason for the high price of health care has been lack of due diligence in cost cutting. Both insurance companies and individuals are not cost conscious enough. We have all become careless consumers. There have been stories of aspirins being sold for $30 in the hospital setting. But what can be done? For one, you can look for a less expensive policy. Remember, no matter what insurance policy you get, through shared risk the insurance company must make money. You might want to consider a policy with a higher deductible. This could reduce your monthly premiums. There is a trade-off: Lower premium payments in exchange for a higher deductible. Our surveys have found that PPOs are typically less expe
