Discount Medical Plans
It is important that you understand the discount health plans isn't insurance. You are offered discounted monthly rates without deductibles and reduced rates for prescriptions and doctor visits. Although it is a big break for individuals looking for a cheaper way to obtain health care, they don't help to pay for medical expenses.
How Discount Plans Operate
When you apply for a medical discount plan, you are given a network of participants that you must go to that agree to provide cardholders with reduced prices. According to the FTC (Federal Trade Commission) some of these plans may claim to offer hundreds of provider locations and large discounts for a wide array of services from doctor visits, dental care, inpatient care and prescriptions. It is important that you look into a company before purchasing a discount card from them.
If you aren't sure whether you are getting a discount plan or health insurance, you can check with the state insurance commissioner. See if the company is registered with the state to sell health insurance.
But if you are interested in getting a discount plan, look over the details of the policy before buying. Ask for a list of participants to ensure you will have access to them and their discounted rates. Also check to see which services have the reduced prices.
Most of these discount health plans offer low monthly premiums. The total will depend on what is included in the plan and how many people are on the policy. When you begin looking for a discount medical provider, make sure to calculate how much you will be spending. You might end up paying more than you bargain for, especially if you will need a major procedure. Consider getting a High Deductible Plan along with it to ensure you will be covered for major medical expenses.