6 Tips to getting health insurance deals at the best price?
If you are thinking about purchasing family health insurance but you are unsure about how much it will cost, here are several steps you can take to keep the price down:
Review, assess and choose only necessary benefits.
Some health plans allow one to choose certain aspects of a cover as extra benefits, such as outpatient treatment, dental or eye care. Keeping these “extras” to a minimum will help lower the cost.
Opt for middle-level hospitals.
If your policy does not have restrictions, the amount you would have to pay out in the event of a claim in a high-end hospital is higher than the other facilities, think about choosing good affordable facilities – just make sure you would be able to get the right service that does not cost an arm and leg.
This is usually cheaper than paying monthly. Whenever you can opt for a one off payment option and save on the cost of interest on a premium loan.
Add a co-payment.
If this option is available, agreeing to pay a copay to be treated at a facility limits the number of unnecessary visits and reduces the cost of insurance. The option is ideal for group health insurance.
Live a healthy lifestyle.
Some insurers offer lower premiums to those who can prove they live a healthy lifestyle; lower claim experience may get you a discount on cover renewal or ensure your premium is not revised upwards.
Join as a group like a chama, welfare groups or as employees
Some employers offer private health insurance for their employees at a negotiated rate than you would pay normally, and you can usually add family members to the policy.
Before you can buy a policy, you must pay attention to the policy language and terms, we help you do this to ensure that the desired coverage is adequate to meet your potential needs.
Remember when choosing a deal, the cheapest quote is not always the best.
It is best to aim for a balance between a reasonable price and the right amount of cover depending on your specific needs, this way you can avoid ending up over-insured or under-insured.
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This article is written by our Principal Officer Winnie M., who has vast insurance knowledge spanning over 10+ years in the industry. You can write to her and/or share feedback via this email email@example.com