About Affordable Health Insurance

When you want to get some health insurance at an affordable rate, you have to make sure you don't sacrifice quality for cost savings. Here is what you'll need to know to get some health insurance that is low-cost and high-quality.

Affordable Health Insurance: Indemnity Plans

A good principle to remember when considering an indemnity plan is "you get what you pay for." If you get some health insurance quotes and an indemnity plan is one of the options, make sure you understand what that means. An indemnity plan is a more traditional form of health insurance that will require you to pay deductibles and certain amounts of coinsurance. These deductibles and amounts of coinsurance can be adjusted by your insurance agent to meet your budget. When you get some health insurance with an indemnity plan, your coverage may not be of the best quality, especially on hospitalizations. Indemnity plans can be a practical, affordable way to get some health insurance, but you have to understand how the plan works and what is covered. One way to get some health insurance that is cheap is to opt for a low-risk indemnity plan.

Hospitalization & Catastrophic Illness Plans

Another way to get some health insurance that is affordable is to choose a hospitalization or catastrophic illness plan. Such plans cover you in the event of some major, disastrous event, such as a serious illness or bad accident. Keep in mind that these kinds of plans do not include preventive care, such as doctor visits and prescription coverage. If you visit the doctor rarely, you might be able to get some health insurance that's right for you by combining a hospitalization or catastrophic illness plan with a medical discount card.

Medical Discount Cards

Usually, medical discount cards are used to supplement another type of coverage when you get some health insurance. Remember that medical discount cards are not a health insurance plan. Instead, they save you a certain amount, usually a percentage, of the cost when you see a participating physician or have a particular procedure performed. If you were to suffer a major illness or other catastrophic event, however, a medical discount card will only save you a small fraction of the costs. Your out-of-pocket expenses in those kinds of situations are likely to be huge. When you get some health insurance, the most important thing to remember about medical discount cards is that they are not a viable alternative to a health insurance plan. To learn more about your health insurance options, visit our Types of Health Insurance page.