Cheap health insurance in Denver, can I trust the insurance company?
Always keep in mind while you’re shopping for cheap health insurance Denver and throughout the U.S., you’re not shopping for a company that cares about you and wants you to get quality health care at cheap prices.
You are dealing with very large corporations that are in the business of making as much profit as possible. Being profitable is easy…bring in as many premium dollars as possible and pay out as little as possible. Read the exclusions thoroughly, then read them again. Make yourself very familiar with their pre-existing clauses and how they may apply to you. The insurance company can trace your medical records back for years, so don’t think they won’t find out about bad test results you had while covered under another company.
The insurance companies employ doctors whose sole job is to figure out how many patients they can deny treatment to. For every procedure that they determine as “unnecessary,” their companies save thousands. Even little dollars add up.
I have a great PPO, but recently experienced this situation myself when my internist prescribed Nexium to help heal an irritated areas of my esophagus and stomach. When I went back to the pharmacy an hour after dropping off my prescription, the pharmacist told me that my insurance company had decided I couldn’t have that medication. WHAT!!!????!! They told her that they didn’t approve that medication for my diagnosis. Wow.
So I’m using an over-the-counter medication and waiting to see if it does what I need. I have heard numerous horror stories of people being denied coverage for various procedures, but I had never experienced this type of discrimination myself. But just think about the implications of thousands of people getting prescriptions for Nexium at $100+ a pop. That’s a lot of profit down the tubes.
Cheap health insurance Indiana–HMO or PPO?
Cheap health insurance in Indiana can be easy to find, but be careful not to be misled in to purchasing bad insurance. Personally, I would never get involved with an HMO. They are cheaper than most PPO policies, but the coverage is poor and the service even worse.
If you or anyone you know has ever tried to see a specialist while on an HMO, you know how frustrating it can be. A few years ago, my cousin’s coverage changed toward the end of her pregnancy, and she actually had to go by the doctor’s office during labor to get a referral to be able to check into the hospital. At least she knew the ropes and didn’t get caught with thousands of dollars in medical bills that would have been unpaid if she hadn’t gone in for that painful referral first.
HMOs are also notoriously known for keeping patients from needed care through the referral stipulations. A friend’s son suffered irreversible hearing loss because they couldn’t get their assigned pediatrician to refer him to an ENT early enough. When they finally did see an ENT two years later, he told them that if he had seen the child sooner, the boy wouldn’t have such severe hearing loss.
PPOs have problems too, and they are also large corporations focusing on making a profit, but at least you can get an appointment with anyone on their extensive provider list whenever you need to.
Should I get cheap health insurance with an Indiana PPO?
A great benefit of cheap health insurance Indiana PPOs is that you only pay your medical providers the PPO’s negotiated rate for services. For example, I recently had an upper GI which cost thousands after hospital, doctor, anesthesia, and pathology bills started rolling in.
The physician’s charge alone was $650 for the fifteen minute procedure. My PPO cut the bill down to $167. So even though I hadn’t met my $4,000 deductible for the year yet, I only had to pay $167, not the doctor’s entire bill. That one adjustment alone more than paid for my family’s cheap health insurance Indiana premium for one month.
Of course, by the time I finished paying all of the related charges, I had met my $4,000 deductible. I hadn’t met it the previous two years, and I wasn’t planning on spending that much on medical expenses this year either. That is what insurance is really for…those surprises that can cripple us financially in the blink of an eye.
So I may pay a little more for every day doctor visits (which the PPO also adjusts to huge savings) for carrying a high deductible, but being part of the PPO network makes it worthwhile.
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