Insurance Agency Singapore | Commercial Insurance and Personal Insurance

  • Products
    • Commercial Insurance
      • Work Injury Compensation
      • Public Liability
      • Foreign Worker Medical
      • Foreign Worker Bond
      • Fire/Burglary Insurance
    • Personal Insurance
      • Motor Insurance
      • Travel Insurance
      • Home Insurance
      • Personal Accident
      • Domestic Maid Insurance
  • Support
  • Contact Us
  • Blog
  • About Us

8 Tips to Get Health Insurance for the Best Price

6 June 2017 By admin Leave a Comment

Use these tips to shop and compare health plans for you and your family:

Tip #1: Know what coverage you already have

 If you already have health insurance, review your policy’s summary of benefits and coverage or “SBC.” That’s the best way to compare key features of health plans, such as copays, deductibles, coinsurance and the estimated cost of common medical events.

Tip #2: Consider your health care needs

Think about the state of your health and how you used insurance benefits last year. That will help you shop for the right plan to get the best coverage possible for the coming year.

Tip #3: Check your physician’s plan status

Before selecting a plan, verify that your doctor and hospital of choice are included in its network of providers. If not, you’ll pay significantly more for their services.

Tip #4: Factor in all costs

The cost of a health plan includes more than just the monthly premium. Don’t forget to factor in out-of-pocket costs, such as deductibles, copays and coinsurance.

Tip #5: Consider a high-deductible health plan

Since you’re responsible for more out-of-pocket medical costs, high deductible health plans come with lower premiums. Additionally, having one makes you eligible for a health savings account (HSA), which helps you save and pay for future medical expenses on a tax-free basis.

Tip #6: Don’t wait until the last minute

Give yourself plenty of time to shop and compare plans. Waiting until the bitter end of open enrollment is a bad move because you may not get the help you need or make a bad, hasty decision. Remember that unless you experience a qualifying event (such as getting married, divorced, or having a child) you can’t change your plan until the next annual open enrollment period.

By Laura Adams

See full story at www.thestreet.com

Share this:

  • Facebook
  • Twitter
  • LinkedIn

Filed Under: Health Tagged With: health insurance

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Categories

  • Domestic Maids
  • Golf
  • Happenings
  • Health
  • Homepage
  • Industry
  • Interesting Stuff
  • Products
  • Tips
  • Uncategorized

Contact Us

  • 1 Soon Lee Street #02-43, Pioneer Center, Singapore 627605
  • Tel: 68978226
  • Fax 68978086
  • Business Hours:
  • Mon – Fri: 8am – 6pm

Our Location

At the west side of Singapore, our office sits on the second floor of the building.

1 Soon Lee Street
#02-43, Pioneer Center
Singapore 627605

Our Products

  • Fire/Burglary Insurance
  • Foreign Worker Bond
  • Foreign Worker Medical
  • Public Liability
  • Work Injury Compensation
  • Domestic Maid Insurance
  • Home Insurance
  • Motor Insurance
  • Personal Accident
  • Travel Insurance

Find Out More

We would love to hear your insurance needs. Tell us all about it by filling up our contact form.

If not, give us a call at +65 6897 8226
or email us at enquiry@credence.agency

Copyright © 2023 | Credence Agency