Health insurance is something we all need.
If you get one you will most probably be getting some great benefits with it and won't have had to go hunting for one yourself, like many of us do.
If you are looking for your own health insurance for the first time; there a few things you need to be made aware of.
By the time you have finished reading this article you should have the necessary knowledge to choose a plan that is perfect for you.
There will be things called exclusions and limitations in your policy.
Check to see what they are.
Will you be covered if you go on a trip? If you play sports regularly and pick up an injury, are you covered? It is things like this you really know in advance should either of them occur.
The small print is often disregarded; make sure you read it properly.
You need to know if the prescription drugs you are taking will result in a discount or a co pay.
There a lot of drugs which won't be covered, so check if yours is one of them.
A company policy will cover almost everything on co pay, individual policies will not.
In my personal opinion, the biggest pitfall if all in health insurance is that of a pre-existing medical condition.
You must know this from the outset to avoid any possible financial disasters in the future.
If there is an exclusion rider on your policy, this means you are precluded for any condition that you are being already treated for.
Take this cost into consideration when working out your annual medical costs, or get another policy.