Dec 29 2009
eHealthInsurance (NASDAQ: EHTH), the
leading online source of health
insurance for individuals, families and small businesses, today
released a series of questions and tips to provide consumers with a
year-end health insurance checkup and make sure their policy is the right
fit.
Many health insurance companies update their rates at the beginning of the
year. With Americans all over the country struggling financially due to
the slow economy and holiday expenses, eHealthInsurance recommends
consumers take a fresh look at their medical coverage and make sure they
still have the right plan for their needs and budget.
To give their current health insurance coverage a check-up, consumers
should ask themselves the following questions:
- Am I paying too much for coverage? Shop around for the latest
health insurance quotes at least once a year to make sure you're not paying
more than you need to. For example, if you're healthy and had few or no
health insurance claims in 2009, you may be able to reduce your monthly
premiums by switching to a plan with a higher deductible or just finding
more affordable plans on the market. If you do switch to a higher
deductible plan, just be sure you can afford that deductible in case of an
accident or unexpected illness.
- Does my current plan cover the services I need? If you're
paying for benefits you don't use (such as prescription drugs, maternity or
chiropractic care), you may be able to find a plan with a lower monthly
premium that excludes those benefits. On the other hand, if you find that
you're paying too much out of pocket for recurring medical services (like
prescriptions or checkups), you may want to consider a plan that covers
these at a higher level, even if your monthly premium increases
slightly.
- Have I experienced any big life changes? If you were recently
married or divorced, had a child, or gained or lost income -- or if you
anticipate these things happening in the year to come-, it may be time to
reconsider your health insurance options. And if you recently turned 30,
40, 45, 55 or 60 years old, you may find that your rates were increased
because of your age. Take a look at quotes from other health insurance
companies in your area to make sure you're not paying too
much.
- Do I have access to the doctors I want to see? If you'd like to
be seen by a specific doctor or hospital not covered by your current plan,
use the "Plans with My Doctor" tab at ehealthinsurance.com to find out
which health plans that doctor accepts. If you're on an HMO plan and want
to be able to see a specialist without a referral, you may wish to consider
a different type of coverage, like a PPO plan, for example.
- Can I save by mixing and matching health plans? If your whole
family is covered under a single health insurance plan, you could be
missing out on savings. When some family members are healthier than others
or see the doctor less frequently, it may make sense to split the family
between two or more health insurance plans. You may find more appropriate
coverage for each member that way, and save money on your total monthly
premiums.
SOURCE: eHealth, Inc.