Health insurance is confusing but since it became a political target with health care reform there are now more misconceptions about getting a policy.
Here are a few debunked health insurance misconceptions:
1. The cheapest health insurance policy is the best. The cheapest policy does not mean that it is the best option for your health care needs. It’s better to find a policy that is good for your budget and health care needs.
2. The plan with the lower monthly premiums and highest deductible is a great option. Find a plan with a deductible that you could meet if there is an emergency or hospitalization. Some deductibles are so high that people can go into medical debt even though they have health insurance.
3. I can get health insurance coverage once I’m pregnant. Pregnancy is considered a pre-existing condition and once someone is pregnant they can be denied health insurance. It’s important to have coverage before deciding to have children.
4. Obamacare made health insurance free. Health care reform will expand Medicaid in every state to include adults without children. But it does not mean that reform makes health insurance free.
5. I should drop my health insurance because I haven’t been sick in a long time. Many people may think they’ll save money by dropping their health insurance because they haven’t used it in a long time. Unfortunately, that could end up costing them more money if they become sick and they could later be denied health insurance if they do suffer from an injury or health condition.
6. Health care reform will make health insurance more affordable.There are many benefits to health care reform but it will not make health insurance more affordable or lower health insurance premiums. In fact, health insurance premiums will continue to increase.
7. Once I sign up for health insurance, I can start utilizing medical services. After signing up for a health plan, the health insurance company will start an underwriting process. During this period, they will see if you’ve ever suffered from a medical condition, also known as a pre-existing condition. If they learn that you or a family member has a pre-existing condition, they will either attach a rider to a policy and not cover the condition, charge you more for the plan or completely deny you coverage.