How do you buy health insurance?


Quick Answer

To buy health insurance, an individual should first educate himself on the language and concepts pertaining to health insurance, gather estimates for different insurance policies, and figure out if there are any fees or benefit limits for each policy. An individual might also be eligible for a special government program.

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Full Answer

There are several online resources an individual can use to learn more about the terms and concepts relating to health insurance in order to better understand the available plans. A person can purchase healthcare plans online, but a potential policyholder might want to purchase a policy through an insurance broker.

It's best to carefully look over a plan before selecting it to determine whether a patient has to choose doctors in a network, if he is required to pay for a portion of his medical bills and how much the deductible is. It's also important to look over the complete plan explanation, which is also referred to as the certificate of coverage, before selecting a plan.

Health insurance should be bought from a reputable, licensed and experienced broker who works with several quality insurers or from a government exchange. Individuals who buy insurance through exchanges may be eligible for tax credits to offset the cost of insurance.

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