Consumer Reports breaks down eight common mistakes consumers should avoid when picking out the right health insurance plan.
If you’re using a search engine to find a health-insurance plan, you might be happy to see all the instant low-cost quotes that come up, but it’s impossible to sort the legitimate plans from the large sea of scams. It’s also in your best interest to avoid plans advertised on telephone poles, faxes, robo-calls, or late-night infomercials, Consumer Reports warns.
Most brokers deal with multiple companies and can help clear up any questions or concerns you have with complicated policy language.
The government-run site allows you to research licensed health plans sold in each state to help streamline your efforts.
Most health plans are regulated by the states they are sold in, and many state’s insurance department’s offer websites that detail which plans are licensed. Also, according to the Consumer Reports, 26 states now have federally-funded consumer assistance programs.
According to Consumer Reports, the government requires mini-meds plans have a disclaimer that states the coverage doesn’t meet minimum standards required by the Affordable Care Act. These plans are controversial and often cap benefits at just a few thousand dollars a year.
Not all plans will cover your specific needs—some plans skimp on prescription drugs or diagnostic tests. Make sure you get enough coverage to
Avoid paying unnecessary fees out-of-pocket.
If you have a pre-existing condition that makes it hard to find coverage, determine if you are eligible for coverage under the Pre-existing Condition Insurance Plan created by the health reform law, according to Consumer Reports.
Reviewing health insurance policies can leave your head spinning. Here are eight mistakes to avoid when buying insurance on your own.