| When seeking to obtain medical insurance quotes | | | | use the maximum amount.) |
| online, it is important to keep in mind a few things | | | | 3. Now, calculate, on average, how many times |
| when evaluating your options: | | | | you and your dependents anticipate that you will |
| Don't just look the amount of your monthly | | | | be visiting a doctor and will need to pay copays. |
| premium. Many people get fixated and blind | | | | Multiple this number times the dollar amount of |
| sighted by this number. It is easy to be beguiled | | | | your office visit copay. Add the result to the |
| into thinking that the monthly premium dollar | | | | running total from step #2 above. |
| amount - the amount that you write that check | | | | 4. Next, calculate, on average, how often and |
| payable to your health insurance company every | | | | what types of prescription drugs you will be |
| month - is how much your insurance costs. | | | | requiring over the course of the year. Do you |
| What you need to be looking at is the big picture. | | | | know how much your copay for the prescriptions |
| When shopping around for medical insurance | | | | are? Calculate the total cost you will be spending |
| quotes online, the question you should be asking | | | | on prescription drugs in one year. Add this to your |
| yourself is: What is my total cost of health care | | | | running total. |
| going to be if I choose this health insurance plan? | | | | This number doesn't even take into account |
| So as you research various medical insurance | | | | those items that are not covered by the specific |
| quotes online, you really should be looking for the | | | | insurance plan. Nor does it take into account any |
| following information. Get out that calculator, | | | | amount of coinsurance you may have to pay. |
| because you will need to do some basic arithmetic | | | | The point is that, your true cost of health care is |
| to compute your total cost of health care, over | | | | what you should be comparing when seeking |
| the course of one year. | | | | medical insurance quotes online, not just the |
| | | | monthly premium. |
| 1. Take the monthly premium and multiply it by | | | | In some cases, you may be better off with a |
| 12. This is the total amount of money you would | | | | higher monthly premium if it means not having to |
| be spending in one year just to maintain health | | | | pay a deductible or coinsurance. Or, in some |
| insurance coverage. | | | | cases, you may be better off with the lower |
| 2. Take the total annual deductible for your | | | | monthly premium, if it means that you have a |
| household that you anticipate you might use up | | | | higher deductible and are less likely to use it up. |
| and add it to the above number. (If unsure, just | | | | |