by Ed Sneneh, Illinois Health Insurance Agent in Chicago

Everybody needs health insurance and yet it can be one of the most confusing things to comprehend.  Selecting the proper medical insurance coverage for your family is very important.  Here are some ideas and suggestions to help you choose a health insurance policy, with the best benefits, for you and your family.
As you begin the search for the right family health insurance coverage, take some time to examine the health issues of your family.  Most families that are in good health, and typically just have routine checkups, may not need the same level of health insurance protection that men and women with chronic health conditions do.  But in the event that someone in your family has a reoccurring health issue, then you need not to take any short cuts!  You surely don't want to have insufficient coverage and end up liable for significant health care and medical bills.

 InsuranceNavy is a Chicago, Illinois based a leader in the Illinois Health  Insurance, Hospital Insurance and Illinois Major Medical Insurance. The agency represents several health insurance companies in the States of Illinois, and is offering its services through several locations in the area.

For fast and free consultation, quick quotes please call one of our licensed health insurance agents at:

(708) 233-4848
Does this mean that the well family will never get sick?  No, but if your family has had very minor problems for several years, then getting a less expensive policy might still be what you need.  Some families can get buy with a higher deductible policy as long as it has as good prescription drug plan for regular monthly medicines.

The system that most insurance companies set up most major medical policies is by how high the deductible is and what percentage the insurers will be responsible for.  These two factors can make a significant difference on the premiums charged.

Unlike auto insurance deductible which is set on the 'per accident' basis, health insurance deductible is applicable as per calender year basis with most insurers. Still, some companies will still charge health insurance deductible on 'each occurrence' too. Usually a health insurance policy with a high deductible will have lower premium.  The reason for that is because the member may never have medical expenses that exceed the deductible, and the insurance company gets the premiums and still has to pay out nothing! 

Health insurance companies normally ask its policyholders to start sharing the bills for any expense amount after the deductible at a specified rate, normally 20% to 30% to be paid by insured and balance by the insurer subject to certain out pocket maximum, such as $1,000 per year. Just remember that even these major medical health insurance policies will have a cap on how much a member has to spend out of their own pockets.  This is good for you because once you have met that cap, the insurance company will usually pay 100% the rest of the calender year.

Along the same venue, if the deductible is low, then the premiums will usually be very high.  The insurance companies are trying to offer policies with options you can afford, while at the same time spreading out their risk.

When you are selecting your policy, consider what your budget can afford, and what financial means would you have for medical expenses if someone in your family had a real health crisis.  It is better to  budget in another area than to cut back on insurance.  The right insurance can afford you better preventive care options and financial security.
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