Quite often, when Michiganites seek advice about finding an affordable Michigan health plan, consumers misconstrue the importance of the premium over the underlying value of the benefits. President and Midwest licensed agent, Michael Novelli dispels popular misconceptions about health insurance:
Myth: Michigan health insurance is only a necessity for individuals, suffering from medical conditions. Healthy consumers, who forgo carrying health insurance, runs the risk of an unforeseen medical situation damaging their financially situation.
Myth: Affordable premiums guarantee complete health benefits. Just because a health insurance policy promises “affordable premiums,” it does not guarantee that the Michigan health plan includes comprehensive coverage.
Myth: All Michigan health plans cover emergency care. From insurance provider to insurance provider, the definition of a medical emergency varies. Carrying Michigan health insurance does not warrant emergency health care benefits. Be sure to peruse a health plan’s emergency room care policy to prevent any unforeseen, uncovered medical benefits. Also, check to see if emergency care has a co-payment requirement.
Depending on emergency care policy, some Michigan health plans mandate urgency care visits over the ER. (Some health plans require a $50 co-payment).
On average, an individual Michigan health plan ranges in monthly premiums of $85 – $200 per month. (Assessed according to age, medical history and health risks, premiums vary).
Myth: All co-payments are counted toward co-insurance. On the contrary, most policies do not credit co-payments toward the deductible. In general, primary care physician visits start at about $20 with specialist visits costing $30.
Myth: Hospitalization benefits are always covered with any Michigan health plan. While the purpose of carrying health insurance is to prevent the potential of an unexpected hospital bill, not all Michigan health plans guarantee coverage of all hospital stay.
Myth: One medical quote is enough. On the contrary, the best way to find the most comprehensive coverage for your budget is to obtain several medical quotes, comparing various Michigan health plan options.