Questions to ask before choosing a health insurance policy

Choosing your health insurance coverage is very important to your health. You need to know you can get the health services you need without bankrupting yourself. At Insurance & Financial Services Inc. in Baton Rouge, LA, we can help you find the right policy to provide the coverage you need at a price you can afford. 

What is the premium?

You have to be able to afford your health insurance. While the premium is not always the best way to choose your coverage, choosing a policy you can’t afford doesn’t make sense. 

Is my doctor in the network?

All insurance carriers have a network of doctors and healthcare professionals. If you have a doctor or doctors you prefer, you need to ensure they are in the network of the policy you are considering. 

What is the yearly deductible?

The yearly deductible is the amount of out-of-pocket payment that you will have to make before your health insurance starts to cover you. High-deductible policies are more affordable, which has made them popular. The problem is that you may end up paying all your medical expenses out of pocket if you don’t have an HSA. 

How much do my drugs cost?

Your insurance carrier will have a formulary that lists all the covered drugs and the amount you will pay to fill your prescription. The drugs are assigned to a tier, and each tier has an out-of-pocket cost. 

What type of managed care is it?

Three major types of managed care are available; HMO, PPO, and POS. HMOs are the most restrictive but also the most affordable. It is essential that you understand all the requirements that come with each type. 

Contact Insurance & Financial Services Inc. Baton Rouge, LA for your health insurance needs.