When a Washington state resident is shopping for health insurance there are a few things they need to keep in mind. In Washington the majority of people who apply for individual health care should be aware that they will need to complete a questionnaire. This is required in order to determine if they are eligible for coverage through WSHIP which is the Washington State Health Insurance Pool.
Beyond that the decision of which company to go with lies solely with the person seeking the insurance. To save money they may want to consider utilizing one of these methods:
Buying a health insurance plan with a high deductible can yield a savings in monthly or yearly premiums.
Purchasing a health insurance policy that has a cap on coverage can save money. This means that once the person reaches their limit on expenses, in their lifetime, the plan will not cover any additional health related expenses.
If you rarely use prescription medications, consider buying coverage that doesn’t include this as a benefit. This can really lower the cost of the policys premiums.
International coverage may be part of your health insurance plan. Inquire about having that benefit removed if you rarely travel.
Taking out a policy while you are young, and in great health, can ensure lower premiums in the future.
The most important thing to bear in mind when you are shopping for individual health care is not to rush into anything. Its imperative that you carefully consider the coverage you need and then seek out a policy that offers that at an affordable price. Paying for extras or taking the first plan offered will likely result in a much higher cost than is necessary. This is one area where almost everyone can afford to take their time so they make the wisest financial decision possible.
