Find an Affordable Health Insurance Company in 3 Easy Steps

Are you looking for an affordable health insurance company? Almost everyone needs health coverage, and they need a plan that meets their family’s needs, covers the services they need most, and fits into their budget. While some people think they should be able to find a single insurance company that has more affordable rates than others, that’s not exactly how the process works. Insurance companies generally have more than one offering. They provide lots of different insurance plans. Some are basic, no frills plans at the lowest cost. Others provide more coverage for a wider range of needs and therefore cost more.

Here are three steps to follow to discover an affordable health insurance company to meet your specific needs:

1. Determine how big the insurance company is. Companies with more members have more negotiating power when it comes to getting rates for working with doctors and hospitals. They are able to get lower rates for the services you use, and as such, they can charge you lower rates for your insurance coverage. Conversely, smaller insurance companies don’t have that same bargaining power and must often pay more for the same services. As a result, you pay more, too.

2. Get quick quotes and compare plans. Via the Internet, you can get quick quotes on insurance plans from multiple companies. Certain websites include tools called quote engines, which will let you get multiple quotes and then compare them side-by-side. It’s as simple as plugging in your zip code and filling out a few choices. In a matter of about 10 seconds, you’ll get a list of quotes. By comparing the plans and opting for ones that only provide for the services you need and desire, you can save the cost of unneeded services and get a much more affordable health insurance plan that meets your requirements. (For instance, men do not need maternity coverage.)

3. Research the company. Before you actually select and pay for a health insurance plan, make sure the affordable health insurance company you select has a good reputation. You can find out how current customers have rated the company and the plan. Look around to get some feedback. You want to know that your affordable health insurance company is also a reputable one.

Saving Money With Your Insurance Coverage

In addition to saving money on your insurance premiums, there are things you can do to help save even more money on medical expenses. Here are a few tips:

* Contact multiple providers to find out the prices on particular services and procedures. Some providers offer much better pricing than other facilities for the exact same procedure.

* Reserve emergency room visits for absolute emergencies. Otherwise, go to the walk-in clinic or call for a regular appointment with your physician.

* Utilize home remedies for common ailments before going to a physician. See if they work first.

* Don’t get x-rays every single visit to the dentist. You really only need x-rays once every one or two years.

* Utilize a mail order service for prescription medications.

* Always ask if there is a generic prescription medication available and get that instead of the name brand if possible.

* Opt for a higher deductible on your health insurance plan. Your premiums will be lower and, if you don’t use health insurance services often, you’ll come out ahead financially at the end of the year.

* Pay premiums annually. You can often get a discount versus making monthly payments that may include a service fee.

* Go to the local free clinic when you can.

Finding an affordable health insurance company is one step toward ensuring your family’s health needs are met in accordance with your budget. When combined with these additional tips, you can manage your health expenses even better.

National Health Insurance Companies

National health insurance companies are insurance companies authorized to do business in all states of the United States of America, excepting New York. It is basically a Texas-domiciled insurer that has a California Certificate of Authority number of 4765. The national health insurance company was founded in 1923 as the William Harvey Life Insurance Company. It was in 1965 that the company was incorporated as the Trinity National Life and Accident Insurance Company, and added health insurance to its product line in 1966.

It was in 1975 that the National Health Insurance Company pioneered the first 100% catastrophic insurance plans. These plans had high deductibles for the self-employed and those having small businesses. It is the same market focus that has continued today. The name National Health Insurance Company came into use in 1978, and it was then that the company filed as a legal reserve company in the state of Texas.

There are many affiliated providers linked with National Health Insurance Company, like Beech street, Midlands Choice, Interwest, Multiplan, PHCS (Private Health Care System) and Pro-net. Policyholders of National Health Insurance Companies can approach these affiliate providers for any health problems they face, which are covered in their health insurance policies. However, as providers may sometimes withdraw from the National Health Insurance Company network, it is always better to confirm with the facility or physician of the affiliate if they are still participating in the network, before getting any medical treatment. If they are not participating, then you will not be able to make your claims with National Health Insurance Companies.

It should be remembered that the National Health Insurance Companies only provide health insurance policies to you, and are not responsible for the quality or outcome rendered by physicians and facility to you. One of the benefits of getting an insurance policy from National Health Insurance Companies is that insurance claims can be made from one of the many providers found all over America.

Health Insurance Companies – How They Make Money

How do health insurance companies make money? How do these companies earn if they are supposed to cover the medical expenses of their clients? According to some people, the insurance companies earn the same way the gambling casinos do. The reason why that has been said is because risk plays a very big factor in both types of business. In the insurance industry, there is no guarantee that people will get sick or suffer from accidents in the future. People pay for insurance because there is always the risk of getting hurt and incurring medical expenses. Nevertheless, as a lot of businesses are, the odds are always in favor of the companies.

All types of insurance companies, including life, accidental death, disability, automobile, and health insurance companies, earn money by accumulating the premium that their clients pay. One company usually has thousands of insured individuals that could rightfully claim medical assistance. However, the insurance companies do not allow anyone to get insurance plans. Those who are sickly or are prone to accidents get rejected because there is a huge chance that the companies will cover their expenses in the future. Only a few insured individuals get the chance to claim their side of the insurance contract. Policyholders have to pay their premiums continually so that their contracts could still be valid. By insuring numerous individuals, companies get a lot of premiums.

The health insurance companies also earn by making investments. Usually, the government requires the companies to hold a certain amount of their earnings in reserve. The best thing to do about reserved money is to invest it. Also, the money that they have accumulated through the regular premiums is invested in stock markets, banks, and other types of investment companies. Since most insurance plans require people to pay premiums a few years before actually benefiting from insurance coverage, the companies will have ample time to make the necessary investments.

The two ways which are mentioned above are how these companies earn money. Usually, companies only try to earn through one of the ways. However, there are businessmen who are really skilled in operating both ways. Since they are profiting from two areas, they do not really have a hard time staying in the business. People should know where their premiums are going. It is interesting to know how health insurance companies operate and generate money.

Regardless of how these companies make their money, the bottom line is that we need them to protect ourselves from financial ruin. It is vitally important for everyone to have medical insurance from any number of health insurance companies.

The Advent of Private Health Insurance Companies

Private health insurance companies stemmed from the public’s need for financial assistance in cases of general medical emergencies. The concept of health insurance is collectivism – it collects each individual’s small monetary contributions into a pool which can be readily used in case of a person/s medical need. There are also some insurance companies who cover long term disabilities and nursing needs. Social security is a form of insurance provided by the government through taxes, which can be used to cover a citizen in a medical situation. Healthcare is a need that each individual needs to have to avoid fatality.

Private health insurance companies originated from the concept of Hugh Chamberlen in the late 1600’s, but was never enacted until the 1900’s. The first form of insurance came in the nature of accident insurance, which are a lot similar to what we know of today. In the United States, the first accident insurance company was known as the Franklin Health Assurance Company of Massachusetts. The concept of covering sickness in insurance, other than just accidents or sudden disabilities, began in 1866, but was never successfully enacted until the year 1890. As the years progressed, employer-enacted health plans came to effect in the year 1911.

Private health insurance companies didn’t start until the middle of the 20th century, when private hospitals began offering individual health plans to patients to help them finance expensive medications. These are the predecessors of what we now know to be HMO’s or Health Maintenance Organizations, Blue Cross being one of its original founders. Health care is a big and sensitive issue all over the world, and especially in the United States, with the recent health care reforms from the current president Barack Obama – but that is another topic altogether.

Health insurance responsibility and terms are clearly stated on the policy holder’s booklet, and is largely based on the premium he or she pays on a monthly basis – not all services are covered, and there are certain limits to the insurance coverage. Still, with all these, one can’t stress enough the importance of health plans to an individual and his or her family’s health. There are also several types of insurance plans offered by health insurance companies; long term, short term, scheduled, etc., and their prices may vary as well.

There are a lot of top health insurance companies in the US today: Harvard Pilgrim Health Care, Tufts Associated Health Maintenance Organization, Capital Health Plan, Kaiser Foundation Health Plan, Allstate, and many others. One thing is for sure, though, with the economy as it is, private health insurance companies will surely continue to emerge in the coming years.