39-1As the open enrollment for the 2017 health insurance coverage is around the corner, many carriers are looking forward to renew their policies or find better ones. Other people are also changing providers. The whole process of choosing a coverage can be complicated, especially for new beginners. But knowing just a few things can put you at a better position to getting better carrier options at the best rates. Most providers such as Florida Blue have many carrier options with the most attractive rates that you might want to consider.

Here are a few things you might want to have a look at when choosing your plan:

Choose a category

Basically, insurance plans are provided in four categories, bronze, silver gold and platinum. These categories are not in terms of quality of the care but they just show how you share the costs of care with the provider.

Consider the total cost for care

39-2Think about the costs including the monthly premium and out-of-pocket maximum when purchasing a plan. Payment of premium is done regardless of whether you utilised care in a certain month.

Carrier options

The health insurance options to think of include the HMO, PPO, EPO and POS. some plans allow you to seek health care service from providers outside the network while some are limited to the providers within the network. Consider whether you’ll need to seek care from an out-of-network provider. This may apply to those who travel a lot.

For all the coverage that start on January 1st, 2017, the last day to enrol will be on December 15th, 2016. Failure to enrol for the 2017 coverage will attract heftier fines than those for

2016 through a 2.5% tax of all your taxable income. Additionally, you’ll have to pay all your healthcare costs and other related expenses.

Ahead of the open enrolment on November 1st, Insurance Medics have prepared many beneficial carrier options with the best rates in the market. Ensure that you are ready once enrolment begins so you don’t miss out.