Protecting Your Pocket: 3 Things to Watch for When Choosing a Medical Insurance Plan

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Choosing the right insurance plan for your particular needs can be a bit tricky, especially if you have no idea where to begin. To make things a little easier for you, we’ve put together a short guide on how to choose a medical insurance plan you’re likely going to be satisfied with. So without any further ado, here 3 crucial things to look out for:


  1. Out-of-pocket costs


As you browse medicare plans, they should all list all out of pocket expenses you can expect to incur, and do so in a clear and organized manner. A general rule of thumb is that the higher-end plans demand less out of pocket expenses, while the reverse applies to lower-end plans.


It’s a good idea to go for a higher-end plan if you know you’re going to be visiting a physician often. The same applies if you’ve been diagnosed with a chronic condition or if there is another reason that makes you think you’re going to be needing lots of medical care in the near future (like having a baby or having to undergo a series of surgeries).


  1. The provider network


If you visit a doctor that’s part of the network the insurance deal covers, you’re going to pay less for their services. Of course, you can also visit a doctor that’s not a part of it, but this rarely makes sense due to the increased costs associated with making such a move.


For this reason, if you’ve already chosen a doctor you prefer to be working with, make sure they are a part of the provider’s network. If you don’t have any preferences at the moment, your best bet is to go for the largest network; that way, more of the options will remain open to you. The proximity of the doctor in question is also something to factor into consideration.


  1. The benefits


This is probably the final step that will help you determine the best provider. The benefits that you’re going to get with them will help tip the scale in either one or the other direction.


Just ask yourself the following question: what would you benefit from the most? Free physical therapy sessions or mental health care? And if you can’t decide and are in need of both, the costs of which one would you rather cover on your own?


The good news is that you don’t have to make the conclusion yourself. If you call them and explain your situation, they are likely to give you some great advice and help you choose the best medical insurance plan for your needs. If you’re thinking about going in this direction, it’s a good idea to prepare your questions in advance.




Based on the considerations outlined above, you should now be able to make a good choice, especially if you’ve taken the extra time to make an in-depth research into the provider you’re considering. You should take as long as you believe is needed; after all, an insurance plan is a hefty financial investment, so it’s important to get it right from the get go to avoid trouble later on.

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