Cheap medical health insurance? Unlikely.
Reader question:
Are medical health insurance prices ever going to go down?
Amber
Probably not.
The system kind of works against itself. Medical care costs a lot, and people need medical health insurance companies to help them pay for it. At the same time, though, medical health insurance drives up medical bill costs, and it just keeps on chasing itself around in a circle. Circles don’t end, so the likelihood that medical health insurance or health care costs will go down anytime in the near future short of a miracle is very unlikely.
The most important thing to do when looking for a medical health insurance plan is to shop around and compare quotes from different companies. This can often be done on the internet, where quote comparison sites save you a lot of time and money by comparing quotes from several different companies.
Still, once you get a quote and take out a medical health insurance policy, don’t expect that you will be paying the same forever. Insurance companies do everything they can to charge more money, and in many states its very easy to increase prices without any pre-approval. Often, a health insurance company can just send in a request to increase rates and they can immediately start charging those increased rates without an answer, and can only be stopped if they are reviewed and it’s decided that they charge too much.
Your rates could go up even if you don’t make any health insurance claims and are part of a group health insurance plan. The reason this could happen is that somebody else in your group may be making health insurance plans, and then the rates will raise for everybody, no matter in what good health you are. Rates in group health insurance are decided by the group’s total average history, not your individual claim history.
Cheers,
Fashun Guadarrama.
Medical Health Insurance in New Orleans
Health care is costing more and more than ever, and many people who don’t have medical health insurance in New Orleans don’t even dare look at their medical bills when they come in the mail, because they know they can’t pay them. That’s one of the main reasons that having health insurance in New Orleans is extremely important, because then you know that the main burden of payments is lifted off of your own back. But with the health care costs being so high, it’s even harder to get cheap health insurance, in New Orleans especially since Hurricane Katrina’s effects are still being felt and the hospitals are often stressed to breaking.
Getting an HSA insurance plan is one of the best way to beat this problem. It keeps you from falling victim to huge health care bills, gives you some perks on your taxes, and costs less monthly. It comes in two parts:
- health insurance policy with a higher deductible
- tax-exempt health savings account
This innovative way of getting health insurance in New Orleans will keep you and your family from succumbing to the huge costs that could come with future disasters, whether personal or regional. With the tax-exempt savings plan, if you don’t use all of your medical health insurance provided for a year, it goes to the next year, and just keeps adding up. This helps so much when you get hit with something like a long hospital stay which can costs tens of thousands of dollars.
Then there’s the policy with the higher deducible. The way this works is that it costs you less on their monthly premium and gives you a more reasonable way to add money to your tax-exempt health savings account. This is the cheapest way of getting insurance and it’s so easy to save.
To figure out what works best for you and how you can get the cheapest health insurance in New Orleans, shop around and compare health insurance quotes. You’ll get quotes on different types, HSA included. Educate yourself on the kinds of health insurance and make your decision.
Cheers,
Fashun Guadarrama.
Dog Health Insurance…do you need it?
Considering dog health insurance? Many pet owners are facing that tough decision too. Just as health care costs are skyrocketing for you and your family, the veterinarian industry is also feeling the crunch. Medical equipment and insurance are becoming extremely costly. Procedures for pets easily run into the thousands now, and medications are outrageously priced.
I recently read this great marketing angle on a dog health insurance website: Dog health insurance offers pet owners a way to budgeting for the unexpected through a series of affordable monthly payments. Sounds convincing doesn’t it? Just like making monthly payments on your car. The only problem with that logic is that you actually get to drive the car, you aren’t paying for something that you will probably never use.
When helping consumers with health insurance quotes for their families, I always recommend making a spreadsheet to allow them to compare different scenarios and costs apples to apples. For dog health insurance, I would recommend making a similar scenario, then deciding which procedures you would actually choose to undertake for your pet.
For example, I would probably have my dog treated for a bladder infection or ingestion of a foreign object. But if he was diagnosed with cancer, I’d probably have him put down rather than undergo painful and costly treatment. See the difference? I do love my dog, but he’s not my wife. It would be a heartbreaking decision to have to make, but it would be selfish of me to require him to undergo painful surgeries and treatments that may not save his life anyway.
So sit down and have a real heart-to-heart with yourself and your spouse on your family’s plan of action on certain medical conditions before plugging those into your spreadsheet. Then plug in the number to see if dog health insurance is for you.