North Carolina Health Insurance – Beware of the Low Price
Everyone is feeling the cash crunch these days. People are looking at every nook and cranny of their life to find places where they can save money. Unfortunately, one place people often try to go cheap is with their North Carolina health insurance. But a cheap health plan can cost you more money than you save in the long run. If you get the wrong health insurance plan and you develop a medical problem, you may find that the plan doesn’t cover treatment or you have to pay a high deductible before the insurance will kick in.
When evaluating your insurance plan, the price of the premiums should be a factor that you consider. However, it should not be the primary factor in your decision. First and foremost, you want to make sure that the health plan you are buying is a major medical policy that covers all facets of your health care needs. Some low cost policies are, in fact, limited benefit plans that may only cover select services or will only contribute a small amount of money towards your care. For example, a limited plan may only cover generic medications. This is all well and good until you are one of the ones that needs the $2000 per month brand drug that doesn’t have a generic equivalent.
You want to also check the limits on your North Carolina health insurance plans. In addition to finding out if there is a deductible that must be paid before the insurance kicks in, you’ll need to know if and when the plan maxes out. For example, some cheap health plans set annual or daily limits on surgeries, hospital stays, and other medical care needs. With the catastrophic diseases that are prevalent in this country, such as cancer, you do not want health insurance that has an annual max less than the lifetime max. The lifetime maximum should be at least $3 million dollars. This is the maximum amount the insurance will pay for your entire life.
While it may be tempting to buy a cheap insurance plan when you are strapped for cash, you are much better off looking at other places in your budget where you can trim down. If you do find an insurance plan that seems to offer good coverage at an extremely reasonable rate, then be sure to dig into the policy to find out what is actually covered. A cheap insurance plan is not always the best insurance plan. Work with a qualified North Carolina health insurance agent to find a plan that gives you the best coverage at the premiums you can afford.
