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Tips for Choosing Health Insurance in Delaware

Many people go without health insurance because they find the process of choosing insurance confusing or available insurance plans too expensive. If you live in Delaware, your cheapest option is to use employer-sponsored health insurance when available. Whether you purchase health insurance through work or do so privately, figuring out which services you need most goes a long way toward cutting costs and eliminating confusion.

  1. Get Insurance at Work

    • If your employer offers health insurance, take advantage. Group health insurance plans such as the ones offered by many employers are usually cheaper than individual health insurance because more people are paying for the same insurance. If your employer offers several plans, choose a plan that pays for the services that are most important to you. For example, if you have conditions requiring medication, you'll need a plan with a prescription co-pay and that covers visits to doctors on a regular basis.

    Set Your Priorities

    • Determine which services are most important to you prior to examining health insurance plans. If you are more interested in preventative services than managing pre-existing conditions, then doctor's visits will be more important to you than hospital stays. You can choose plans that sacrifice some of the coverage that isn't important to you and fully cover the services you most need. For example, you might choose a plan that doesn't cover hospital stays but covers a large number of doctor's visits.

    Consider Health Savings Accounts

    • Many employers offer a medical savings account, also known as a health savings account, in addition to health insurance. You contribute a certain amount of pre-tax dollars to your health savings account every pay period and must use these funds for medical services. Most health savings accounts do not roll over, so you lose the funds at the end of the year. Depending on your situation, it may pay to purchase a cheap insurance policy and put funds into your health savings account for medical care rather than purchasing a more expensive policy that covers all the services you need.

    Balance Costs With Needs

    • Cheaper insurance might save you money each month, but if you have a serious medical problem it may not cover the services you need. Check costs against your priority list rather than simply looking at the bottom line. Choose the cheapest policy that also covers all the services that are most important to you.

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