The World Wide Web is a big place. There is so much information out there these days that you might feel like you can solve any problem by just searching. But unfortunately, that is not always the case. While the internet may turn up lots of choices in healthcare, knowing which selection to make, and what variables matter most, may require a different approach. If you’re wondering how best to compare health insurance rates online, read on.
The first thing you need to know is how to obtain an online quote. That will require a few answers on your part. Most shopping tools require you to answer a few pretty simple questions: where you live (usually designated by zip code), your age (generally asked as date of birth), your gender, and whether or not you smoke. Optionally, if you answer a couple questions about your household income and size, you will get even more accurate results. While these last two seem personal, they are used to help determine if you qualify for any government subsides. This will prove to be an important step in comparing health insurance rates online if your goal is to save money. If you are trying to shop for health insurance outside of the enrollment period, you may be prompted to answer whether or not you are experiencing a qualifying life event, such as a move, marriage, or birth of a child.
Shop by Metal Level
You should get some results returned based on the information you provided. Those results are likely to include information such as insurance company, plan type, monthly premium, and deductible. Amongst the returned results, you should see a designation of metal tier for each plan. Search results can usually be narrowed to a particular metal category, like bronze, if first selected in the search criteria. Familiarizing yourself with these tiers is important because they distinguish each plans actuarial value. Actuarial value is the average percentage of healthcare costs that a plan will cover. For instance, a bronze metal level means the plan would pay 60% of your healthcare costs, and a platinum metal level would pay 90%.
Check Out Reliable Sources
Finally, while you can do all the online research you want, if you’re not using reliable sources, your results will be bogus. Make sure that when you are comparing health insurance rates online you are using companies that have a history of reliable and honest service. If what you are seeing seems too good to be true, it often is. Using an online broker like HealthMarkets Insurance Agency, which works independently of insurance companies and the government, is a great way to get unbiased feedback.
At HealthMarkets, we make comparing health insurance plans online simple and easy. We can sort through lots of quotes and tell you where the savings lie in each one of your options. And, we can check for additional cost savings in the way of federal subsides. We have licensed insurance agents in communities nationwide that can meet with you in-person to discuss your insurance needs. Or, if you prefer, you can contact our agents over the phone at (855) 839-8126. Our service is completely free to you and comes backed with our Best Price Guarantee*—you will not find the same plan anywhere at a lower price. Using a broker like HealthMarkets is simply one of the best ways to compare health insurance rates online. Contact us today!