10 Questions You Wish You Asked Your Health Insurance Agent

Getting the right health insurance plan for yourself or your family is of paramount importance for your peace of mind.Insurance is much more better than taking debt to administer issues in your life . Do not just register with the company offering the biggest yellow ad or the brightest website. Online shopping allows you to access a number of competitive insurance quotes. Before subscribing to your new health insurance plan, obtain several insurance quotes and ask the following questions to your potential agent. This could mean the difference between a policy that is not suited to your needs and your budget and an adequate policy that meets your needs at the right price.

1. What is the rating of this company? Each health insurance company has a "rating" from A + F to AM Best. AM Best is well recognized as the benchmark for rating insurance companies. Ask your agent what is the AM Best rating for the proposed company - if it is different from "A" or higher - ask your insurance agent for a replacement.

2. Is the insurance company you are considering governed by the rules of the state where you reside? Otherwise, you run the risk that the company will raise rates because it does not require authorization from your state insurance department. do this. So do business with a company governed by your state if possible. Do not join an out-of-state association for health insurance.

3. Can this insurance be canceled for illness? Most policies do not allow cancellations due to illness. The insurance company can only cancel you if it cancels all the people in your state.

4. Are there maximum amounts per case or per year in the policy you are considering? Policies can have limits on how much they will pay you per year, per policy life, or per incident. For example, a maximum lifetime policy of $ 2 million with a maximum of $ 100,000 per year would not generally be a good policy. In addition, a maximum lifetime policy of 2,000,000 with a maximum of 100,000 per illness would also be a poor choice. Search for policies with no maximum per year or per instance.

5. Are their maximum amounts payable for certain procedures?

It would be better to have a font without a maximum. You do not want limits on what your operation can cost. Do you want a policy that pays only a limited amount on your rescue operation, such as gallbladder removal?

6. Are there waiting periods for pre-existing conditions? If you have a pre-existing condition (an illness or injury for which you were treated in the last 1-2 years), you may or may not be covered by this condition for a period of one year or longer, depending on the company . So be sure to understand how long the waiting period for your illness lasts.

7. Are there waiting periods for routine care? Some insurance companies have a waiting period in their contract of up to 90 days for preventive visits. It is best not to have such periods of waiting.

8. What is not specifically covered? Ask the agent to explain in detail what is excluded from the cover in the font he recommends.

9. Does this company settle its claims quickly? This is important because unpaid claims may appear on your credit report. To check the delay in claim settlement by the company you are considering, you can contact your medical office or the insurance department of the local hospital.

10. Will the agent be available to assist you in any dispute with the insurance company? Be sure to work with a reputable agent who has been working in your community for several years and is in good standing with your state's insurance department. If the agent is not easy to reach, you may consider working with someone who is, because you never know when you might need it.