Debunking Some of the Most Common Health Insurance Myths

​Before anyone invests in long-term goals it is important to get health insurance that will cover you and your family members in the event of an emergency. An unexpected hospital stay set you back many years and you can avoid this only if you have a health insurance coverage.

​There are several myths regarding health insurance that might prevent someone from taking an informed decision. Here are the common ones we hear about:
 
1) I am healthy and young, so I don't need health insurance.
The best time to get a medical insurance is when you are at the peak of health and you lead a fit life. These are times when you have ailments that you are unaware of until the symptoms become visible. According to current but often changing regulations, pre-existing illnesses may be under coverage only after holding a health policy for at least 48 months. If you buy early before developing any disease, it will help ensure that your health is under insurance without the exclusions.
 
2) The best policy is the cheapest
Whenever you compare health insurance plans online, they often recommend the low-cost with a high deductible in most cases. Despite this, it may not be the best approach to start looking for the cheapest plan. It is unlikely to find two programs that have the same features if you compare them only by their premium. Low-cost plans usually have restricted features and can cost you in the end.
 
3) I already have health insurance coverage so I don’t need another policy from my employer.
If your employer gives you an option for the group health coverage, it might be worthwhile to purchase even if you have to pay a part of the premium. Sometimes the most cost effective solution is to have multiple insurance policies, where one covers another may not. Work with a qualified health insurance agent to make sure you’re not missing a good opportunity for coverage..
 
4)  Health Insurance Benefits Begin on Day 1
Most policyholders assume that all insurance benefits begin the day the policy is issued. However, health insurance companies may reject claims because of 'waiting periods' that may be under disclosure in the policy document.
 
During the first thirty days from the start of the plan, some diseases may not be under coverage. If this may be a concern for your health situation, make sure you work with a qualified health insurance broker and explain your situation.
 
For more information, contact Choice Enrollment by dialing 719-481-1616. Visit our office at 4707 N. Academy Blvd., Colorado Springs, CO 80918 . You may click here to send us an email.