To find good hospitalization insurance, compare different insurance plans, ask about different coverage options, compare costs and review the available health care providers. Hospitalization is considered an essential service, so it is included in all health insurance plans offered inside and outside state Health Insurance Marketplaces, as noted on HealthCare.gov.
The Affordable Care Act offers some degree of standardization in health insurance. As of 2014, it has required providers to cover essential services. Hospitalization is one of these "essential services," so all health insurance policies must offer the option. To find a good health insurance plan, run through the following steps.
- Review insurance plans and providers
- Ask about coverage options
- Compare costs
- Review health care providers
Go to the state's Health Insurance Marketplace and review different providers and plans or review health insurance options through an employer. Compare different providers and plans.
Ask employers or providers about coverage options before committing to a specific plan. Ask for a complete list of benefits and services that the plan covers.
Use all of the factors to compare health insurance costs. The most obvious cost is the monthly premiums, but other factors can have a huge effect on the long-term costs of health insurance. Important things to look into include deductibles, co-pays and co-insurance. Some people may also be eligible for subsidies, according to Consumer Reports. In addition, some providers offer out-of-pocket limits, which place limits on deductibles, co-pays and co-insurance. After the limit is reached, the provider covers the rest of the costs. Although higher monthly premiums cost more upfront, they usually have lower out-of-pocket costs, which can reduce the overall cost of health care.
Review the list of eligible health care providers before committing to a plan. Make sure that relevant hospitals and doctors are included in the plan.