Choosing the Right Florida Health Insurance

Even though the new healthcare laws have made health insurance coverage easier to obtain, it can still be difficult when it comes to choosing the best plan for your needs.  Health care is expensive, and choosing the wrong plan can leave you with considerable out of pocket costs.  When choosing health insurance, there are some things that you need to consider before making your final decision.

Understand the Plan

All Florida health insurance plans from a website are not equal, so you need to make sure that the plan covers the things that you currently need, or may need in the future.  Even though it is not possible to know what coverages you may need for your future health, the new laws have made these decisions much easier.  All insurance plans are now required to provide certain essential health coverages, so you need to make sure that the plan you choose carries them.  They are:

  • Emergency medical services
  • In-hospital and outpatient services
  • Maternity care
  • Newborn care
  • Substance abuse and mental health services
  • Pediatric health, dental and vision services
  • Prescription services
  • Laboratory and rehab services
  • Chronic disease management
  • Immunizations and other preventative care services

You can find all of the information regarding the specific services that are covered, as well as those that are not in the summary of benefits and coverage that is included with all Florida health insurance plan information.

Actual Cost of the Plan

When paying for insurance coverages, you need to be aware of the actual costs that you will be responsible for.  The first cost is the premium, which is the cost that you will pay each month to secure the health care coverages.  You will also need to make sure that you understand the amounts you will have to pay for copays, deductibles, and coinsurance charges.

The deductible portion of health coverage is the amount that you will have to pay out of your own pocket before the insurance benefits actually start paying for services.  Most Florida health insurance plans provide you with different options for deductibles.  If you choose a plan with a higher deductible amount, the monthly premium will typically be lower.  If you choose a lower deductible amount, the premium costs will increase.  If you currently have medical issues, you will need to make sure that you can cover the amount of the deductible you choose within a relatively short period of time.

Copays are the amounts that you will be required to at the time of receiving services.  This amount varies from one health plan to another, so you need to make sure that you read the fine print to verify this information.

Another out of pocket cost is called coinsurance.  The coinsurance of a plan is the percentage that you are required to pay for all medical services.  While your Florida health insurance plan pays a certain amount of the medical service charges that you receive, you will have to pay a portion of those costs as well.

As you can see, there are many costs associated with health insurance.  This means that you need to take the time to assess your own health needs, as well as the actual amounts that you will need to pay out of pocket while you have the plan.  It is imperative that you read through the coverages of any plans that you are considering to make sure that you understand the costs and benefits entirely, before you agree to the terms of any particular plan to protect your finances and your health.

Cheap Auto Insurance, Florida Style

If you need cheap auto insurance, Florida is a great place to be a driver. Because of Florida’s no-fault law on automobile accidents, policies in Florida are less expensive than in many other parts of the country. And while Florida requires that you have car insurance in order to operate a vehicle in the state, the minimum requirements for liability are low, which keeps auto insurance premium rates low as well.

 

What’s The Bare Minimum Coverage For Cheap Auto Insurance In Florida?

Florida only requires two types of insurance to allow drivers to operate a car in the state. You’ll need to be insured for personal injury protection and property damage liability. The minimum policy for each must be for a payout of $10,000 in the event of an accident. You’re bound to find the cheapest policies if you’re willing to only insure yourself for these bare minimums, but increasing your limits for a few dollars more a month might give you more peace of mind.

What’s Covered?

Personal injury insurance covers you and your family, along with other passengers in your vehicle in the event that you’re involved in an accident. It can even cover policyholders when they’re pedestrians or riding a bicycle, and the policyholder’s children while they’re riding on a school bus. It’s useful to point out that the $10,000 of minimum coverage is the total amount that the insurance company is required to pay for all injuries to all parties covered by your insurance.

 

Damage liability insurance covers you for damage you cause to other people’s property when you’re involved in an accident. Even though Florida’s no-fault insurance law requires the other party to an accident to be paid by their own insurance company, if you’re at fault in an accident, it’s still possible for the other driver, pedestrian, or cyclist to sue you for damage to their property. Damage liability insurance can help you pay if you’re sued. Remember that damage liability coverage only applies to other people’s property, and damage to your own vehicle is not covered by this bare bones policy.

How To Find Cheap Insurance Florida

 

  • Request quotes from several insurers: Florida regulates the insurance industry but it does not set the rates for auto insurance. There can be a wide range of prices available depending upon the company you choose. Get firm prices from at least three insurers. Some brokers like this can offer you prices from more than one insurer.
  • Verify the accuracy of your application information: There are two reasons to make sure you’re accurate when filling out your application. Insurance claims can be denied if the company discovers that you’ve given them false information. They can cancel your policy even if you’ve never had an accident or missed a payment if they find out that your info is wrong. And a mistake might make you miss out on an opportunity for a discount that you’re qualified for but don’t know about. Always tell the truth in any case.
  • Get a binder from your agent upon signing: You don’t need the actual policy in your hand to begin driving legally, but you will need proof of insurance. An insurance binder provides that proof.
  • Pay your insurance company directly: Don’t make payments to insurance agents. They might delay deposit, or even abscond with the payments.
  • Report changes in your situation: If your situation changes appreciably during the term of the policy, tell your insurer about it. It ensures there’s no dispute when it’s time to make a claim or renew your policy.
  • Know your policy renewal date: It can cost extra money to renew your driver’s license, get license plates, or a registration if you let your insurance policy lapse. Don’t depend on your insurance company to let you know when your payments are due or your policy is up for renewal.