Health insurance is a nuanced topic in the world of insurance. However, it’s easy to make assumptions. This can lead to costly mistakes that are easily avoidable. Here are some common misconceptions and what you can do to prevent yourself from falling prey to them.
How Secure Insurance Group Helps You Avoid Misconceptions
When you get health insurance through Secure Insurance Group, you’ll be getting expert guidance. We’ll help you understand the ins and outs of your policy so you won’t make any of these common mistakes.
Why Secure Insurance Group Values Accuracy
Secure Insurance Group is here to give you the most accurate information possible. We want to provide our coverage because that’s what we do best. Helping you avoid misconceptions allows us to give you the coverage you deserve and eliminate confusion.
Health Insurance Misconception #1: You Can Enroll At Any Time
Health insurance has enrollment periods for joining, switching, and dropping policies. If you’re wanting a policy outside an enrollment period, you’ll have to wait until the next enrollment period comes. For instance, Medicare has an Initial Enrollment Period, which starts three months before you turn 65 and ends three months after. If you miss this, your next opportunity to join will be the General Enrollment Period, which starts on January 1 and ends on March 31.
Health Insurance Misconception #2: Your Coverage Will Automatically Cover Any Service From Any Medical Practitioner
Many health insurance policies have a provider network. A network consists of healthcare providers and facilities that accept your insurance coverage. If you’re outside of the provider network, you may not be able to get coverage at all, or you may have to pay a substantially higher price than you would if you saw an in-network provider.
It’s important to ask if a medical provider accepts your policy. It’s better to find out beforehand instead of discovering that you’ll have to pay all costs because the provider doesn’t accept your insurance coverage.
Health Insurance Misconception #3: Your Coverage Will Begin As Soon As You Enroll
Some policies have a waiting period. This is a span of time in which you’ll be paying premiums, but won’t receive coverage. After this period ends, your insurance coverage will begin. This is usually between one to three months.
Health Insurance Misconception #4: Policies Have The Same Price For All Policyholders
In other industries, a service will be the same price no matter who purchases it. This is not the case for insurance. Two people living in the same area can be enrolled in the same exact policy from the same company, yet pay a different amount in premiums. This is because insurers assess the likelihood of the person’s ability to pay premiums over a long period of time. The longer a person is expected to live, the lower his or her premiums will be. However, a person who isn’t expected to live as long will have higher rates to compensate for not being able to make as many premium payments.
For example – a young healthy individual who doesn’t use tobacco or alcohol, or engage in risky hobbies, will always pay lower monthly premiums than an older person in poor health whose lifestyle lends itself to a shorter lifespan.
Health Insurance Misconception #5: Having Health Insurance Means You Won’t Have To Pay For Anything When You Get Medical Treatment
When you get a treatment or service from a medical provider that your insurance covers, you’ll have to pay a percentage of the cost. This is known as coinsurance. The most common coinsurance is 20%, which means that when you get medical treatment, your insurer will pay 80% of the costs and leave the remaining 20% up to you. Health insurance doesn’t eliminate healthcare expenses. It just makes them much more affordable.
Get The Health Insurance You Need
Secure Insurance Group provides health insurance that offers the coverage you need. We provide our services with dignity, compassion, and present information about our policies in a clear, concise manner. We’ll make sure you get the knowledge you need so that you don’t fall victim to any of these common misconceptions. Call us today at 1-877-871-7328.
