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.