You hear it a lot these days – from the halls of Congress to kitchen tables all across Missouri and Illinois: “Where can the average person get affordable health insurance?” I hear it every day in my office and I always ask my clients what they mean when they say that.
Do they mean affordable premiums on health insurance? Affordable deductibles? Affordable co-pays? “Why, yes,” most people say, “all three!” Then I ask them, “ What if you bought a policy with affordable premiums, affordable deductibles and affordable co-pays, and you get sick, and the policy doesn't cover what you have? How affordable is that same policy now?
The answer is simple: Not very affordable! Because now you would be liable for the full cost of your very unaffordable treatment! Like so many other things in life, you get what you pay for.
Having said that, there ARE truly affordable health insurance policies out there – for a variety of budgets. Here's how to find them:
- DO work with a health insurance broker who is knowledgeable about a wide variety of policies and who asks the right questions about your current health care needs. There is no extra charge for using a broker, so take advantage of their expertise;
- DON'T simply fill out a form on the internet that promises to give you an “instant Quote”. Quotes that are provided online are averages only and your quote could differ radically when you actually apply with these companies;
- DO ask lots of questions about WHAT IS and WHAT ISN'T COVERED when you buy a policy. This information - factored in with premium and out-of-pocket costs - is what determines true affordability.
So, yes, there are affordable health insurance policies out there. And these days, you really can't afford to be without one.
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