The cost of the premiums is the most important thing for many people when shopping for health insurance, especially those who are healthy. But price shouldn’t be the only thing you think about when choosing a policy with a health insurance company in Hialeah, FL, even if money is a concern.
Out-of-Pocket Costs
Remember that some plans have tiered networks when getting a health insurance quote from a company such as Company Name. If you go to doctors and hospitals in the top tier, your copays and deductibles will be cheaper.
There is some disagreement about tiered network plans, but most people like them because they offer a good balance of low cost-sharing (as long as the patient stays with top-tier doctors) and low premiums. As you think about a plan with a tiered network, look at the out-of-pocket prices for both the preferred and non-preferred provider tiers.
It’s Not Just Cost of Claims
Do not get so excited about the lower out-of-pocket costs on the more comprehensive plans that you end up paying more than you need to. When people compare plans, the difference in premiums is often bigger than the difference in how much they might save on out-of-pocket costs.
One example would be a plan with your health insurance company in Hialeah, FL, with a $1,000 lower deductible than another plan that costs $100 more a month but offers the same coverage after the deductible. You would have to pay an extra $1,200 a year in fees to get it, but you might save $1,000 if you have a big claim. You should do some math before choosing a plan because of this.
