5 Basic Facts About Health Insurance Policies In A Bad Economy 2019

A. Your plan includes and out of work? 

Many health insurance companies have specific exclusions that eliminate your benefits for anything that could be covered by workers' compensation or similar laws. Now read the last sentence. 

It could have been covered? 

That is correct. Most self-employed people and even some small businesses do not care about accidents at work. 

There are insurance policies cover you in and out of work - 24 hours a day, if you are not legally required to have accident coverage. 

Two. You write it off? 

Independent contractors (1099), owners of home businesses, professionals and other workers usually do not take advantage of tax laws that are at their disposal. 

Many people that are 100% of the costs eligible to deduct their monthly insurance payments. That alone can increase your net cost of a good plan pocket reduce up to 40%. Ask your accounting professional if you are eligible and / or check the IRS website for more information. 

Three. Internal borders 
All true insurance plans a form of internal controls to determine how to pay for a particular service or procedure. There are two basic methods. 

Planned benefits 

Many plans, some of which are specifically designed for self-employed and markets independent spirit, have a clear timetable for what they for doctor office visits, hospitalization, or limits, the pay they pay for the test for 24 hours. Period. This structure is usually associated with "Indemnity Plans". If you are presented with one of these plans, be sure to see the list of benefits, in writing. It is important that you understand before, what kind of limits, because if you will reach them the company will not pay anything for this amount. 

-Turn and common 

"Accessible and customary" means the rate of pay for an office visit to a doctor, procedure or hospital stay that. Upon what the majority of physicians and facilities charge for that particular service in this geographical area or based comparable individuals "Normal and customary" charges represent the highest level of coverage in most health plans. 

4 You have the opportunity to go shopping! 

If you are reading this, you're probably shopping for a health plan. Every day people shop for everything from groceries to a new home. During the checkout process, usually the value, price, personal needs and the general market is evaluated by the buyer. In this sense, it is very disconcerting that most people never ask what a test cost, process or doctor's visit. In the health insurance market in constant evolution, it is increasingly important for these questions to our health professionals. Purchase price will help you out of your plan, the best and reduce your expenses. 


Almost all insurance and benefit programs work with medical networks to access discounted rates. In general, networks consist of medical professionals and facilities who agree, by contract, the application of reduced rates for services rendered. In many cases the network is one of the defining features of the program. The reduction of 10% to 60% or more vary. Medical network discounts vary, but to ensure that minimize your expenses, it is imperative that you consult the list of physicians and facilities before committing network. This is not only to ensure that your local doctors and hospitals are in the network, but also to see what options you have if you were to need a specialist. 

Ask your agent what network you are, ask if it is local or national and then decide if it suits your individual needs.

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