Many Americans have group coverage, often health insurance coverage through their employer. Many are covered through a government program like Medicaid, or Medicare. The rest of the population must opt for private, individual health insurance coverage, in line with their own individual, specific needs and budgetary limitations. This allows them to create a policy that will not only cover specific medical needs, but allows them to control premium payments according to their unique needs and budget.

Individual health insurance coverage can be bought through a licensed health insurance sales person known as an agent, or broker (in most states the term in synonymous) Health insurance agents are available to help answer all of your specific insurance related questions, and can provide you with the specific coverage that meets all of your individual needs. You won’t be charged a fee for using their helpful servicesIt would be best to work with an independent agent. An independent agent works for you and not any specific insurance company, but has access to the best policies and rates from a wide variety of companies. He is paid through whichever company you and he choose to go with, so owes loyalty to no particular insurance carrier.

Health insurance is a bit like gambling between you and your insurance company. The health insurance company bets on taking in more of your monthly in premium payments than it will pay out for your medical costs. You are basically paying monthly just in case any medical need arises.

The extent of your coverage depends on the specifics of you policy. Some policies require co-payments, which basically required you to pay a small amount of money out of pocket for things like doctor visits and perscription payments. Your plan may also have a set deductible , which required you to be responsible for a certain amount annually before the insurance company pays dime one. The coverage and restrictions vary in accordance with your monthly payment, or premium.

You need health insurance. People often do not understand that even a single day in a hospital can destroy your life savings. Medical emergencies are responsible for more bankrupcies in America than any other factor. Call your local health insurance agent and get covered.

These days even spending a few days in a hospital can cost more money than your annual mortgage payment.  Obviously you need to have some health insurance coverage in place to protect your family and your assets.

With all the confusion and the choices available to you it’s difficult to know what to look for in an insurance policy.

The first thing you need to do is identify exactly what you want to get out of your health insurance.  Remember, with insurance as in every other aspect of life you get you pay for.  The greater the coverage, the greater the monthly premium.  Decide what it is you need and discuss it with your agent who can point out the virtues or possible failings for each plan, or plan type.

Choosing an independent agent online and taking advantage of the free forms on an agent’s website will enable you to have instant knowledge of your options and potential costs.  These online forms are a very effective way to compare rates and coverage. You can access our instant quote form here in the column on the left .

Whatever you do, do not base your decision on price alone or you may find that the amount of coverage you purchased to be inadequate for your actual needs.  You need to establish a workable balance between costs and coverage.  As an independent agent I  can help with that.

After filling out an online form call me at (843) 297-8162.  Let’s discuss co-pays deductibles, pre-existing conditions and maximum payouts, things you may not have considered.

Knowing your coverage, knowing what to expect can save you a great deal of anxietyand lost assets.

Understanding Copays and Deductibles

Insurance premiums in South Carolina and Virginia, as in the rest of the country continue to grow, but there are ways that you can minimize your expenditure. While it is very possible to reduce your monthly premiums it is imperative that you understand that there are trade-offs.

Two of the factors that determine the size of your premium are co-pays and deductibles.

A co-pay is the amount of money that you must lay out when you seek medical attention for a physician, for emergency room visits, or through the purchase of prescriptions. These are generally fixed numeric amounts rather than percentages.

A deductible refers to the amount of money for which you are responsible before the insurance company is payments kick in. These are generally expressed in terms of percentages. The higher your deductible to lower your premium. In other words the more responsibility you are willing to shoulder up front will determine your monthly costs.

With rising insurance costs, many people are willing to carry the smaller costs of larger co-pays and greater deductibles, knowing that should they incur large medical bills they would be fundamentally covered.

For each individual the needs are unique and so the choices will vary. Our  insurance agents can help you to assess your needs and determine a proper balance between costs and coverage, thus creating a plan perfectly fitted for your needs and budget.

Call : 843-297-8162 for a free quote and consultation.