I’m sure you’ve heard of the dozens and dozens of websites out there that will allow you to compare health insurance policies between different companies so that you can find the best rate with just the push of a button.
While these sites are great, and I will be recommending that you visit several of these sites in just a moment, there are a few things that you need to do before jumping online if you really and truly want to find the cheapest health insurance here in New Hampshire.
Let’s start with the fact that if you live in New Hampshire you need to be aware of NHHP, or the New Hampshire Health Plan. If you have been denied coverage from private insurance companies, especially if you have been denied coverage because of any pre-existing condition, then you need to consult the New Hampshire Health Plan website at http://www.nhhealthplan.org/
But whether you qualify for NHHP coverage or not, you still want the best possible monthly premium payment and to get that you really need to take a few simple steps.
First, decide on what kind of a copayment you can afford each time you visit your doctor’s office or each time you have lab work or other medical procedures. If you can afford to increase the size of your copay, to, say, 50%, you can greatly lower your monthly premium payment.
This can be especially beneficial to people who do not see a doctor on a regular basis.
Probably the most dramatic way you can lower the monthly cost of your health insurance is to increase your deductible. When you increase your deductible you increase the amount of money that you will pay each year for your own medical needs before you ask your insurance to start paying its share. The more you are willing to pay – in other words, the higher your deductible – then the less your insurance company will charge you each month.
In fact, some people elect to purchase super-high-deductible health insurance policies. Many of these super-high-deductible policies have deductibles of $2,000 or even $3,000, with relatively low monthly premiums. This means that in a normal year these insurance policies may not pay even a penny toward doctor’s visits, lab work, or even simple out-patient procedures.
Where these policies become indispensable is in the event of a major catastrophic illness or an accident, the kind that creates medical bills of tens or even hundreds of thousands of dollars. Just one major accident or illness could wipe out years of life savings and even put your home in jeopardy in almost less time than it has taken you to read this article.
You’ve looked at your copayment needs and you’ve calculated the highest deductible you can afford, so now it’s time to get online and find at least three different websites that let you compare different health insurance policies from different insurance companies head-to-head, so you can see for yourself which policy has the most coverage for the least amount of money.
Don’t be fooled into thinking that you’ve found the best deal just because you’ve looked at one website. The site you looked at does not compare every insurance company out there. The only way for you to know for sure that you’ve gotten the cheapest health insurance available in New Hampshire is to fill out the forms and make the comparisons on at least three different sites.
It takes a little extra time to make all of the necessary comparisons, but the result is that you now know, beyond a doubt, that you have gotten the cheapest health insurance possible in the entire state of New Hampshire.