Comparing Quotes
If you are in the market for health insurance, chances are you are a small business owner or an independent contractor. Whether you are deciding between group insurance benefits offered through a professional group or an individual insurance you would like to purchase directly from the insurer, there are two key factors that should guide your decision: total out-of-pocket costs vs. covered services.
Many people only focus on premiums, but premiums are only part of the story.
One plan may offer lower premiums but have an unrealistically high deductible. Another plan may have a higher premium but offer a more reasonable deductible and cover a broader array of services. It is suggested that you sit down carefully and work out the total costs for each health insurance plan you are considering, including the annual premium amount, the deductible amount, any co-pays, and out-of-pocket maximums.
With health care insurance, you generally get what you pay for. However, whatever plan you choose, make sure it covers the types of services you reasonably expect to need during the coverage period, and that the total out-of-pocket expenses which fit within your budget.
Finding Quotes
There are a variety of ways of obtaining health insurance quote. There is the usual way of picking up the phone and calling an insurance company. Depending on the company, you will probably spend anywhere from 15-30 minutes answering health-related and demographic questions such as what your address is, your age, and whether or not you are a smoker. You might also be asked questions regarding which deductible you prefer and other policy-specific questions. It is possible to use an online insurance quote Web site to request quotes from a variety of insurers approved to provide benefits in your state.
Plan to spend about 15 minutes filling out an online questionnaire, and be prepared to give your contact information. Some of these sites will display quotes instantly, but most want contact information before providing that information so a sales person can follow-up with you. Finally, if you have a specific insurance company in mind, check out its company Web site. Most of them offer an online insurance quote request button.
Small Business Quotes
Some costs of insurance can be expensive, so it is critical that small business owners conduct due diligence when shopping for plans to cover themselves and their employees. Obtaining health insurance quotes and selecting the best one can be beneficial to a company, regardless of its size. Many online quote Web sites have services geared specifically to small business owners. If you belong to any professional associations, check to see if they offer access to group insurance as a member benefit. If so, you can and should get small business health insurance quotes from them as well.
Online Quote Sites
There are a number of reputable online health insurance sites. These include sites such as Insurelane, InsWeb, NetQuote, QuickQuote, Insurance.com, Insure.com, IntelliQuote, iLeads, eHealthInsurance or Quotemonster. All of these sites have been up and running for at least five years, and some have been around as long as 15 years. Each of these sites has a database ranging from 300 to 1,000 agents and insurance companies which searches through when a quote request is submitted. Some companies will provide an instant health insurance quote once you upload your quote request profile. Other companies have participating insurers and agents contact you via e-mail your submission. QuoteMonster and Insurelane offer portals that will direct you to a list of quote generators where you can comparison shop till your heart's content.