Use Major Medical Health Insurance Plans
Major medical health insurance provides a way for many to be insured in case of a drastic occurrences. This type of insurance policy is especially attractive to those who can't afford (or don't wish) to pay large premiums for everyday benefits that they hardly use. There are drawbacks to major medical plans, however. The main one is the high deductible that must be paid out of pocket before the insurance kicks in. Here's use a major medical health insurance plan.
Instructions
1. Find out the deductible of your major medical health insurance policy. For example, the deductible on my plan was $5,000 per member or $10,000 per family per year. We would have to spend that much money out of pocket before our health insurance kicked in and covered the rest.
2. Build up a savings account to cover your deductible in case you have a major medical occurrence. Contribute the maximum allowed to your HSA (Health Savings Account) which is automatically offered with a major medical plan. Save any above that in a bank account.
3. Pay your monthly or quarterly premiums on time to avoid coverage lapse. Reestablishing health care coverage can by costly and is not guaranteed, so keep your coverage current.
4. Submit all doctor bills to your insurance company, While they won't pay the bills (you need to pay them using your savings or HSA) they will keep record of your expenses, which count toward your deductible.
5. Stay as healthy as you can by eating well, exercising, avoiding stress and being safe.
Tags: major medical, health insurance, medical health insurance, Health Insurance Plans, Insurance Plans
