You can easily review health insurance in Indiana. In fact, analyzing medical coverage is much easier than doing the same in other states, such as Ohio or Pennsylvania. The main reason is that there are less participating large carriers in the state than many other states. So, comparing costs in Indianapolis, Richmond or any other area will be very easy for you on our website. We provide current information, rates and details about all of the biggest companies that you are likely to use for coverage.
Since Aetna has exited the marketplace, the main health care providers in the state are currently UnitedHealthcare, Anthem Blue Cross Blue Shield, Medical Mutual, Celtic and Assurant. Unicare also stopped offering new business a few years ago. Cigna, another large company, does not write personal business in the state. However, there are still enough companies that compete to keep premiums affordable. We don't anticipate any other insurers entering the market soon.
Our website provides you with the absolute lowest prices from each company, an easy application process and updated national health care reform information. We make it simple to look at medical coverage from the best health care companies that you can do business with, and apply for a policy.
And we'll guide you through the entire process free of charge. And that includes service after a policy has been purchased, along with updated ratings. If you're currently not working or have lost your benefits, we have a special section devoted to any person unemployed in Indiana and needs health insurance.
As Exchanges are slowly phased into service beginning in 2014, we will continue to research all of your plan choices, and inform you specifically which options are best for you. We'll take into consideration your tax credit (if you qualify) and the four types of policies you will be able to purchase (Platinum, Gold, Silver and Bronze).
What Types Of Coverages Should I Review?
Naturally, price is important. Any time you can save more than $300 per year, thatís a good starting point. But the cost of your insurance is only one factor. A key consideration is if the deductible applies to covered physician visits and prescriptions. A policy that has this feature will cost less, but you will have higher out-of-pocket costs if you incur any non-preventive office visits or RX claims.
Another important coverage is the prescription benefit. Most of the best comprehensive plans include both generic and non-generic prescription coverage. Although this raises the premium, it provides important protection if you are afflicted with a serious disease such as rheumatoid arthritis.
Plans that offer just generic RX benefits will cost less, but itís advisable to determine if the savings is worth excluding a potentially valuable portion of the policy. As more generic drugs become available (after the expiration of patents), the need for non-generic drugs does slightly reduce.
When comparing health plans, the maximum out of pocket money you will pay in a calendar year is perhaps the most important consideration. By combining coinsurance and the deductible, you can determine the most money you will have to pay for a major claim. Typically, there is a cap on coinsurance expenses of about $2,000 - $5,000.
Thus, if your deductible is $1,000, and if you have a $1 million claim, you may have to pay a maximum of $3,000 out of your own pocket. And actually, thatís a reasonable amount to expect to pay. Often, you can negotiate a payment plan with a hospital to lighten your financial burden. They may allow you to extend payments for many years and may also reduce the amount you owe.
However, when you review Indiana medical coverage, you may notice that coinsurance can range from 0% to 50%. Naturally, a higher amount increases your risk, but also lowers your premium. A combination of high coinsurance AND a high deductible could save you a substantial amount of money in premiums. And if you rarely use that part of your policy, it may be worth taking that risk. A 0% coinsurance plan is also popular since you pay nothing after the deductible. This can be especially advantageous if you file a large number of claims each year.
How you pay for your policy should also be a factor in the decision-making process. The vast majority of insurers allow you to pay monthly, either by electronic withdraw or by billing you directly at home. Itís possible there may be an extra fee for receiving your billing statement through the mail. But you should never pay an application fee when you apply for a policy. There is simply no reason to pay a broker (or anyone else) an extra fee.
The lone exception is a short-term policy which may include a one-time fee of approximately $20. However, if you are asked to pay a fee, and it is not for temporary coverage, you might be considering a ďdiscount plan, which we never recommend or endorse. Often, they are offered through companies you have never heard of, and their benefits are not worth the money you are paying. Their reliability cannot be verified and the early cancellation rate is very high on these types of plans.
Compare and save! Thatís our motto. Please utilize our website to easily view free quotes and reduce your premium. Whether you need a family or individual plan, weíre committed to finding you the most affordable choices.