NY health insurance through your employer
One of the troubles with getting health insurance through your employer in many states has to do with the fact that only you yourself gets covered. Where, then, does that leave your family? This can lead to a cause of stress in many families, especially when one spouse has a job that provides medical health insurance, and another spouse has a job that does not, and neither have the money to purchase non-employer provided health insurance.
Luckily, in New York health insurance, any group health insurance plans that you get through your place of work has to cover more than just yourself–it has to cover your whole family. So if you have NY health insurance with your employer, your spouse and children must be covered as well. It also helps that if you or anyone in your family have a pre-existing condition, they are still entitled to get NY health insurance and can’t get turned down. Even if you are part of a smaller company, you don’t have to worry about your medical health insurance plan getting canceled just because one of the employees has to make a claim.
Cheers,
Fashun Guadarrama.
NY health insurance for self employed and small businesses
Working for a small business or being self employed in New York used to mean the difference between whether you were or were not covered by a NY health insurance plan. Unlike large companies, which are able to afford to provide health insurance to their many employs, self employed people and small businesses struggle to do the same while still keeping their heads above the water. Recent legislation in New York concerning NY health insurance, though, has reformed practices and may help New Yorkers out with small business group health insurance and self employed health insurance.
It may not do much good for the self-employed who only employ themsevles, but for any business that has two or more employees, they are able to take out a group health insurance plan in the state of New York. Unlike many states, though, one of the good things about this is that you don’t have to make every employee get the health insurance–it’s elective. Therefore they can choose not to get it, and small businesses will have to pay out a lot less.
Cheers,
Fashun Guadarrama.
Health insurance and elective procedures
It’s old news that medical health insurance for many people really does sucks, as they talk about in this video I found on YouTube. It’s kind of funny, kind of weird (especially the constant shot of that guy wearing a mask, not sure why that’s there), but it’s also revealing of the way many Americans feel about their medical health insurance coverage. Many people who work for large companies get great deals on group health insurance, and people who have enough money can buy plenty of good health insurance for themselves.
One of the big issues about medical health insurance, other than why so many people either don’t have it or don’t have enough of it, is about elective health care. This doesn’t always have to do with health care necessarily, and often involves elective procedures such as botox, lasik surgery, and breast augmentation. It’s up for debate about whether other people covered by a health insurance company should be made to suffer higher payments because of someone doing something that isn’t necessary for their health. However, as you can see in the video where they talk about breast reduction, sometimes it’s hard to draw the line between what is elective surgery and what is really needed.
Cheers,
Fashun Guadarrama.
How to shop for catastrophic health insurance
So maybe you have decided that you fit into the right kind of group that catastrophic health insurance will benefit best. You’ve considered your options and also considered the high amount of financial responsibility that catastrophic health insurance requires, and you have also considered the limits of its coverage. After understanding all of that, and making sure that you could have enough money to cover higher deductibles in the incidence of a medical emergency, you’re ready to start shopping for catastrophic health insurance. Here’s what to do.
- Ask how much your medical health insurance premium will cost you, both on a monthly and yearly basis. This is very important to know, because obviously the low monthly premium payment is the main draw that catastrophic health insurance holds.
- Ask how much the deductible will be.This is one of the most important things to ask about, because you need to know if you can afford the deductible if you get catastrophic health insurance,. because otherwise there isn’t a point.
- Do you want a lot of coverage or a little coverage? If you need more extensive medical health insurance coverage, then catastrophic health insurance coverage might not be the best for you, and you should definitely consider what your wants and needs are.
- Do you take any prescriptions? If you do need to pay for a lot of prescription drugs, you might do better with a different health insurance plan, because catastrophic health insurance does not cover drugs, and prescriptions cost quite a bit and the amount can add up if you are paying it all by yourself.
- Do you have enough money to pay for things like check ups on your own? If you don’t, then you need a different type of coverage. Doctor’s visits often cost a lot, and I know that when I was pregnant my doctor charged almost two hundred dollars per fifteen minute check up–which came every one to two weeks. That can add up if you’re paying out of pocket.
- Any pre-existing conditions? If you have one of these, you’re out. Catastrophic health insurance plans don’t take on the risk of people who already have a condition.
- Is it easy to get sick for you? Not every sickness can be covered by an emergency room visit, so you’ll probably need coverage that covers a regular doctor.
- How high up does the lifetime maximum go?
Cheers,
Fashun Guadarrama.
Kinds of group health insurance
Reader question:
What kinds of group health insurance are there?
Richard
Great question.
There are four kinds of group health insurance, although the most popular ones these days are the HMO and the PPO. There have been a lot of changes in employment based medical insurance in recent years, and the employee has come out the winner, with more and more benefits as well as lower premiums and better options than ever before.
- Traditional group health insurance.
In 1988, the majority (74%) of group health insurance was provided in the traditional way. Well, things have changed quite a bit, and as of 2003 that number has dropped to only 5%. The best thing about traditional group health insurance is that it has room to move around in. You can pick any doctor you want, go to any hospital you want, and see a specialist without having to get a referral, among more things. The main reason that you don’t see traditional group health insurance around anymore is because this amount of freedom meant high costs, both for company and employee.
- HMO group health insurance.
HMO means Health Maintenance Organization. This was the first group health insurance type to offer an option other than the traditional kind. This is the cheapest group health insurance option, but only because it has so many limits. A network of doctors and hospitals is created so that you can choose from among that list, and can only go anywhere outside of it and still be covered is if you get a referral from a doctor on the list. If you go to a doctor or hospital not in the network, you’ll be paying out of pocket.
- PPO group health insurance.
PPO means Preferred Provider Organization. This is the most oft-used type of group health insurance these days. It’s similar to both traditional and HMO group health insurance, because you can go within a network or outside. If you go within the network, then you’ll get very low prices and most often won’t have to co-pay anything. If you go outside, you’re still covered, it will only cost more, but still less than if you had no coverage.
- POS group health insurance.
POS means Point of Service, and is also called an open-ended HMO. This is very similar to PPO because there is a network of doctors which the insured must visit and get referrals before going outside the network if they want to be fully covered. They can still go outside the network without referrals, but it will cost them more, though they will still be covered.
Cheers,
Fashun Guadarrama.