Health insurance renewal time is one of the most stressful times of the year. Whether it is your first time choosing or you are a seasoned veteran, you know your healthcare for the coming years rests on a decision you are going to make. Before you make this crucial decision, there are three questions you should ask your agent so you won’t spend a year regretting your choice. In Chester, NJ The Insurance Outfit are dedicated to providing personalized service to all of their customers.
Is my doctor in your network?
Every insurance company has a network. These are providers who have a contract with the insurance carrier to provide certain services at agreed-upon prices. That is how your insurance can tell you what it will cost you to for example visit your primary care physician. Not every doctor takes every type of insurance. There can be many reasons for not participating in a particular network but if you have a doctor you love, you must make sure he is in the network for any health insurance you are considering.
Are my prescriptions in your formulary?
The formulary is the listing of the drugs that are covered by an insurance policy. It lists alphabetically and places them in tiers. The different tiers have different copays. If you have prescriptions you need, it is important they not only be in the formulary but be affordable.
What is the policy deductible?
The policy deductible is the amount you must pay out of pocket before your policy coverage kicks in. High deductible policies are the most affordable but if you need coverage, you may have to wait quite a while to meet the deductible.
At The Insurance Outfit in Chester, NJ, we are an independent agency and if you are looking for health insurance, we are here to help you make the right choice.