How to Get a Cheap Medical Insurance RateMedical insurance costs are spiraling out of control and most average Americans are looking for cheap medical insurance rate so that they can get the security of a health insurance for themselves and their family.
Thankfully there are ways to get cheap medical insurance rate and some of them are as follows:
- Medicaid is specially designed for people from low income group. If you qualify for this insurance, you and your family can get coverage for dental care, eye care, health care and prescription drugs.
- Health Maintenance Organizations, popularly known as HMOs, are for people who do not qualify for Medicaid. Here you have to pay a fixed amount each month and you can avail medical services like doctor visits, surgery, hospitalization and prescription drugs. You can only avail treatment from doctors and hospitals that are part of the HMOs' network.
- Preferred Provider Organizations, also known as PPOs, are also for people who do not qualify for Medicaid. This program is quite similar to HMOs but you do not have to seek permission from your primary healthcare physician to visit a specialist. PPOs are a little more expensive than HMOs.
You also have the option of calling insurance companies and getting a quote from them. However, it is much easier to visit an insurance company's website where you can get an online quote. If you follow this procedure, make sure you shop around before making your decision. Try to get at least three quotes and then choose the one that is best suited for your medical needs.