The price of health insurance depends on various factors, such as the age of the insured, their state of health and, of course, the type of coverage that is contracted. Getting the cheapest insurance is not to hire the one that offers the best price, but to assess how much it will cost to use. What is the use of hiring a cheap insurance if every time you use them, on account of the co-payment, you will receive more bills? Why do you want cheap insurance if it is not going to give you all the services you are looking for?
So that you do not get a cat for a hare, and you can save on your health insurance we offer you the following tips:
1 – Compare prices, conditions and coverages
When you compare the different health insurances, in addition to the price, you should analyze the coverage offered by each insurer.
2 – Check the cancellation conditions
Although one does not take out insurance considering leaving it, it is important to check the cancellation conditions, just in case. Normally it is necessary to notify two months in advance, and it is possible that, otherwise, they may require full payment of the policy if you do not notify in sufficient time.
3 – Pay attention to the co-payment price
Co-insurance is cheaper. But after the copayment you can hide large expenses. Analyzing how much you have to pay for different services is essential, especially if you plan to use insurance services a lot. You also have to review the limitation of services, since some coverage has limits, such as number of consultations or proof.
4 – Choose the modality of medical staff
The modality of medical staff is cheaper than the reimbursement of expenses. If you have an interest in certain doctors, make sure they are included in the insurer’s medical chart.
5 – Hire what you need
If you consider that you have well covered part of your needs for Social Security.
6 – Check the grace period
Some coverages have periods of lack, which are not the same in the different insurers. If you anticipate that you are going to need a service with a deficiency, analyze the period stipulated in the different insurance, to see if you are interested or not to wait.
In the article , what is the period of lack of health insurance? You will find more information about this.
7 – Pay the premium annually
Paying for long periods of time usually implies an interesting discount on the price of the policy with respect to the monthly or quarterly fractionation. If you can, better pay it annually.
8 – Read the fine print well
All insurance has its limitations and exclusions. Some are widespread, but others may vary from one company to another. Therefore, spend time reading the general conditions and analyzing what limitations the different services have.
9 – Pay special attention to offers
You can find incredible offers. Before hiring, look carefully at issues such as permanence, coverage, limitations and the renewal price, as well as periods of lack and exclusions. As it was said in the past, “nobody gives four pesetas hard.”