Health Insurance in St. Croix Falls, Amery, Danbury, WI

Posted on: February 2nd, 2016

Health Insurance: Where You Aware Of These Facts?

Do you think you know everything there is to know about the insurance industry? Most consumers are not aware of all the details regarding health or home insurance because they never have needed to.

Moreover, there are plenty of consumers who are unaware of even the basics of a proper health insurance policy plan. As we all know, information is power so why not use it?

Here are some very interesting facts about health insurance that you probably weren’t aware of:

  • It’s not all about the premium package: Each health insurance plan has its own policies and regulations. This means that the monthly payment or premium doesn’t tell the entire story. If you want a policy deal that caters to your specific financial needs you have to take into account other factors such as the annual deductible.

In other words, the higher deductible plan the better. You should also include the

opportunity of having a copayment for emergencies as well. This is ideal for those who

have a good overall health condition and tend to use health insurance on a regular


  • Don’t confuse copayment with coinsurance: This is a typical consumer mistake but understanding the differences between these insurance agreements can make a lot of difference. Although they both refer to a co-sharing agreement that exists between the consumer and the insurance company, they address distinct situations. For example, copayment refers to a specific flat dollar amount the patient pays to the provider, coinsurance addresses percentage of costs that a patient must pay after the deductible is met.


Although these facts are just a fraction of the vast world of health insurance, they can still make a lot of difference for your policy choice. Make sure you look for the right health insurance plan in your area of Cumberland, Danbury, Luck, Osceola, Polk County, Siren, St Croix Falls, and Webster WI, Amery, Barron and Burnett County, today!


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