Washington DC Health Insurance Quote
Reader’s Question:
I tried to shop online and found a couple of very low quotes. Should I rely on premium rates in choosing my health insurance policy? I live in Washington DC.
Rachel
Washington, DC
Not really,
Very low health insurance premium rates in Washington DC might be very attractive and tempting at first, but you should watch for is the combination of premium plus your likely spending on health care which is below the deductible. You pay all of the costs below the deductible. So you better ask detailed information like this, which is sometimes not well explained by health insurance agents and can sometimes be misunderstood by health insurance policyholders.
You better add up all of your potential costs under a policy including your deductibles, co-payments, co-insurance, and any other cost-sharing obligations. You don’t want to be one of those who are in big medical debts for being underinsured at the time when serious medical condition comes. Before you purchase one, it is best that you understand what the policy covers and what it doesn’t since most individual policies out there do not offer comprehensive protection.
Your current health status, occupation, and age will always dictate your health insurance requirements. These will also determine your qualification for a health insurance coverage and the premium rate that you will be paying. Bear in mind that in most states, most health insurance companies will consider your current health status, family medical history, age, gender, residence, and type of occupation before they will grant you health insurance coverage.