The word cheap is so subjective. Your cheap isn’t my cheap and my cheap is different than Joe’s cheap. Since Wal-Mart isn’t in the health insurance market, yet when you are looking for cheap health insurance in Texas you may be served better by using the word value. How do I find a good value? What is a good value to me? These are some of the questions that will be helpful in evaluating the right kind of policy to buy.
How do I find a good value?
If you look for cheap health insurance in Texas you may get exactly that. A policy that doesn’t cover your health insurance needs and leaves you in a bad financial situation if an illness or accident befalls you. To find a good value it is important, to be honest with yourself and your broker about the amount you can fit into your budget for health insurance. You will want to be sure you don’t overestimate, if times do get lean health insurance shouldn’t be something that goes by the wayside as accidents and illnesses can harm our financial pictures if we aren’t flush with cash.
What is a good value to me?
Balancing what is a good value and finding cheap health insurance in Texas can be tricky. To make it a little easier figure out before you search what is important. Is it important to have doctors office visits covered? If you have small children the answer may be yes but if you are a healthy adult you may not be worried about it. How much of a deductible can I afford? The deductible comes into play for major medical. Can you afford the first $25,000 of a surgery or a hospital stay or are you only comfortable with something smaller like $1,000 or $2,500? The larger retained risk you carry, the deductible, the lower your monthly premium will be. Remember, if something does befall you the deductible can be placed into a monthly bill with the hospital. They won’t deny you service because you aren’t cutting them a check while they wheel you to surgery.
The individual health insurance market is much different from what employers offer. The biggest difference is you have to pay the entire premium yourself. The underwriting is on an individual basis as well. The great thing is you can tailor a policy to fit your needs and include or exclude any options you are not interested in paying for. Cheap health insurance in Texas is something you can surely find just be sure that you are finding a good value as well. It will save you lots of headaches in the future.
If you have any questions or need a quote please feel free to call us or send us an email.
Jesse Smedley is the Principal Broker for iHealthBrokers and the founder, president, and CEO of Smedley Insurance Group, Inc. and iHealthBrokers.com. Since the inception of SIG in 2007, Jesse has been dedicated to helping people save money on their health insurance by providing them with resources to educate themselves on all their health insurance options, both under age 65 and Medicare beneficiaries. He is featured in many publications as well as writes regularly for expert columns regarding health insurance and Medicare.
