Choosing Disability Health Insurance

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Choosing Disability Health Insurance
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• Disability health insurance is designed to
  protect you and your family from financial
  worries when illness or an injury prevents you
  from being able to work. Some companies will
  offer disability health insurance cover, or you
  may find that you have to purchase your own
  policy.
• Being able to support yourself and your family is
  important to you, but you may need a little
  advice in choosing the right policy. Here are a
  few tips to help make your search that little bit
  easier

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• Decide upon your level of coverage Insurance
  plans come in 4 different levels, based upon the
  shared costs between you and your chosen
  provider. Each plan offers you the exact same
  basic health benefits, but they differ according
  to the amount of financial help you will need for
  things such as hospital visits or medication. A
  bronze plan, for example, may give you lower
  premiums but youll have to pay more towards
  certain health services.

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• Opt for a quality policy, not the cheapest
  policy It can be tempting, especially if times
  are already hard, to simply plump for the
  cheapest disability health insurance policy, but
  this may not give you the coverage that you need.
  For a quality policy, you can expect to be paying
  from 1 to 4 of your income.
• Read the contract thoroughly before purchase The
  contract for your disability health insurance
  policy should clearly state under what
  circumstances a claim will or will not be paid.
  You must familiarize yourself with this before
  you commit to before purchase.

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• Use the services of an insurance agent If youre
  finding the whole process of choosing the right
  policy to be stressful and time consuming, then
  why not consider hiring an expert agent to help?
  A specialist insurance agent will have a vast
  range of knowledge and experience at your
  disposal, and they will guarantee to help find
  you the very best policy for your circumstances.
  Once youve selected a policy, they will go
  through the contract with you and make sure that
  you understand every aspect of it so that if/when
  it comes to making a claim, youll be certain to
  get the best out of your policy.

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• Check the coverage and cost of prescription
  drugs Every health insurance plan has a list of
  prescribed medications that they cover, and these
  are separated into cost levels called tiers. Tier
  one, for example, lists the cheapest medications.
  Be clear on what medications you may need
  coverage for and check your chosen policy for
  their availability and cost.

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• Research the exclusions and limitations While it
  is often easy to simply focus on what a
  disability health insurance policy will cover you
  for, its important to look at and understand
  what it will not cover you for. Some typical
  exclusion from many policies includes cosmetic
  surgery and alternative therapies. Its also
  worth noting that some plans will provide
  coverage for pediatric, dental and vision
  services, but they will not provide it for adults.

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• At Heyer Associates, we proactively assist our
  individual and small business clients in meeting
  their goals. Our key area of focus is ensuring
  that our clients remain compliant with federal
  and state tax laws by providing them with high
  quality accounting and tax preparation service in
  Miami. If you are looking for an accountant in
  Miami, Heyer Associates would be a right option.