For many people, one of the first things they want to know when starting a new job or considering their options is how good the employer-sponsored health insurance is. Unfortunately, not all plans are created equally, and what one employer considers adequate coverage, another may consider low-quality. At Renee Bartlett insurance in Beatrice, NE, their dedicated agent wants to help you understand your options. Their team shares a few things to consider when examining your employer-sponsored health insurance.
The Total Cost of Coverage
While you may be focused on your monthly premium costs, it’s important to examine the details of the policy to understand how much the coverage will really cost you. While low premiums seem ideal, they often come with high deductibles and out-of-pocket expenses, meaning you’ll spend more money when you need to file a claim. If the cost is too high, you may be better off looking for a policy with your insurance agent.
Most insurance companies offer two different costs based on the doctors you choose to work with. Those that are in-network are partners with the insurance company, and your policy will cover more of their services or provide you discounts on certain treatment options. Should you see a doctor outside the network, your insurance company may expect you to pay a higher co-pay or may even deny coverage for some treatments the doctor administers. Before signing up for a policy, make sure your preferred physician is part of the provider’s network.
Who the Policy Covers
While your employer may offer coverage for you as their employee, they may not always extend those benefits to your entire family. Currently, employers are required to provide coverage to your dependents until they reach the age of 26. However, they’re not required to extend that coverage to your spouse. Before agreeing to an affordable insurance policy, make sure your employer-sponsored policies will cover everyone you need them to.
Let the team at Renee Bartlett Insurance help you find the best health insurance policy for your family. Whether your company doesn’t provide you coverage or you need better options than their policies allow, their dedicated agents will work with you to meet your needs. Get a health, life, or auto insurance quote online and call (402) 228-3400 to schedule a consultation.