Shopping for health insurance is a troublesome process for many Michigan residents. EPO, HMO, PPO, POS; the unfamiliar vernacular alone can hinder anyone from purchasing the best health insurance policy applicable to their specific needs.
The first step in shopping for Michigan health insurance is identifying your needs.
- How much did you pay for in health insurance coverage last year? Understanding how much you spent on healthcare in previous years is essential in estimating the costs of your needs this year. For instance, if you have not been dependent on office visits or prescription drugs, do not pay the excess costs associated with those services.
- Review your health history. Are you suffering with a chronic disease? Do have condition that requires constant upkeep? Do you take any prescriptions? Are you at risk of developing a disease?
- What are your preferences? Do you have a favorite doctor you want to keep? If so, research which insurance carriers they accept.
Although you may be inclined to purchase a policy that essentially covers everything, it may not be cost efficient. The second step is working with an insurer to find an affordable Michigan health insurance that best fits your needs.
- Do not spend more than you can affordable. In the insurance industry the rule of thumb is the higher your deductible, the lower your premium. Determine what you are able to pay for in terms of covered services (deductible, coinsurance, co-payments and out-of-pocket limit) and non-covered care services.
At Capital Insurance, we specialize in helping your company set up the Bloomfield Hills, MI health insurance protection you’re looking for. We can show you how to adjust the package to fit your budget and your needs. Contact us now…and lets get your program started 888 296 0418