I need good reliable health insurance with low rates. I need some suggestions plz..I live in Nor. CA?

Question

I need good reliable health insurance with low rates. I need some suggestions plz..I live in Nor. CA?

Answer 1

With all the different health carriers and plans available you will need to contact a health insurance broker. A broker represents multiple carriers and can help you sort through all the different insurance companies and plan options in your state.

For example a typical broker can have access to 10 major carriers and 60 different plans just for one state.

You can try doing your own research on the internet, but if you give a good broker 5 minutes they will be able to make suggestions on which carrier may fit you best.

I suggest using yellowpages.com to search for health insurance brokers in your area.

Don't call your auto and home agent they specialize in property and causality insurance. You need someone that specializes in health insurance.

With that said, high deductible plans usually provide the best value. But I have seen some carriers that contradict that.

What you can do is compare the cost the plan two ways. First your annual premium is the minimum cost you will have without visiting the doctor at all, this is your minimum cost in the best case scenario.

Then figure your maximum annual cost, if you were to have a serious illness or bad accident this is your worst case scenario. For this you need to add the total premium, maximum deductibles, and coinsurance up to the maximum out of pocket.

Now you can compare the plans to see which one is truly the best deal, you will usually find the high deductible plans work best in either scenario. Then consider a Health Savings Account qualified plan, this can create additional tax savings.

Or you can just call a qualified broker who has probably already done this work.

Good Luck

Answer 2

With health insurance, you get what you pay for.  If you want something cheaper, you take a higher deductible.

Generally, if you're 30 and healthy, a low/no deductible plan costs about $300 a month.  If you want to cut the price in half, you have to take a $5000 deductible.  

Go talk to a local agent who sells health insurance, who can match you up with coverage that fits your budget.