4 Mistakes to Avoid When Buying Health Insurance

Several insurers are already proposing double-digit increases for 2016. In other words, insurance costs will continue to climb in the years to come.

Costs can vary from insurer to insurer,. So, there’s a danger of paying more than you should. Hence, do a little homework and prevent this in the first place.

That said, here are 4 mistakes to avoid to get health insurance at the best possible rate:

1: Focus on only premiums & deductibles

Avoid focusing on only premiums and deductibles. This is because there are other costs to consider as well. While your policy covers surgical costs , it can hurt during an emergency. You may need to spend the money from your pocket. This can amount to a bit. A cost that you should think about beforehand.

2: Not Reading the Fine Print in Detail

If you have questions about your coverage, call your insurer’s customer service . That’s the top mistake that customers make these days. Some common questions that can cost you more include not having prior authorization to meet a specialist or even visiting an out-of-network healthcare provider. Your policy might not even cover these. If you don’t ask these questions, they are going to cost you more in the long run. That’s for sure.

3: Not Exploring Your Insurance Options

It might take some effort to look around for the best insurance prices. Yet being patient with this can save you thousands of dollars . Don’t bother about loyalty since circumstances change with every year. This can lead to changes in insurers’ pricing structures too.

4: Getting Excessive Insurance

Do you need all the coverage that you’ve signed up for? Sometimes it isn’t necessary as the premiums might be pricey. Of course, Obamacare’s platinum level plan might cover 90% of the costs. But if you have no chronic health issues, a gold, silver or bronze plan makes more sense.