So you've decided to start researching new Kentucky health plans...but do you know what to do before you search? Here is a short and simple guide to assist you in what can be an incredibly overwhelming task.
1. What can you afford? How much can you or your family afford to spend monthly on your premiums? Its important to have an idea of what you can spend, however keep in mind your budget could be slightly unrealistic depending on your expectations of coverage and health conditions.
2. How much can you afford to be responsible for in medical costs should something catastrophic occur and your max out your deductible and/or out of pocket maximum? Deductibles can range from $250 to $10,000 for an individual and $500 to $20,000 for a family plan. THE HIGHER YOUR DEDUCTIBLE THE LOWER YOUR MONTHLY PREMIUM. This is key to take note of. The average deductible that we are currently selling to our clients is about $2,500 to $3,000 for an individual and $5,000 to $6000 for a family.
3. Are copays a necessity for your plan? There are now 2 main types of Kentucky health plans...with copays and plans without copays. The plans without copays are called HSAs (Health Savings Account). The most important reason to consider how important copays are to your plan is they significantly raise the price of your health plan if they are included. Consider getting an HSA and you could literally save thousands a year on your health premiums.
Questions? Not sure what you can afford? Not sure what a prudent deductible for your family would be? Contact the independent agents at One Source Benefits today for a free consultation!
More questions about Kentucky Health Plans? Contact us!
No comments:
Post a Comment