Affordable Major Medical Insurance – An Inexpensive Health Insurance Solution

If you are looking for an affordable health insurance solution with quality benefits, consider using a major medical insurance plan to protect you or your family. Here are the three main benefits of using one to insure you or your family.

Major Medical Insurance is Affordable

Unlike traditional insurance coverage, major medical insurance is very inexpensive. This is because your insurance plan is specifically designed to cover major expenses, not everyday costs, such as prescriptions and office visits.

These Plans Have Quality Benefits

Even though these plans don’t cover many of your everyday expenses, most plans provide high quality protection once you meet your deductible. Some plans even cover 100% of your expenses after you meet your deductible. On top of that many plans have lifetime coverage of $2,000,000. It’s important to make sure you know how your plan stacks up.

There are some major medical plans that cover your annual physical and/or minor accidents before the deductible. For some people, these are valuable benefits that are worth having. Check with each insurance company to make sure they have the benefits you want.

You Can Get Big Tax Benefits

Besides being an inexpensive health insurance solution, some major med. policies allow you to open a health savings account (also referred to as an HSA). The benefit of having an HSA is that you can deposit money pre-tax into your account and use it to pay for medical, dental, vision, and other expenses tax free! It’s a great extra way to save money, on top having a plan that is already affordable. To find out whether this type of plan is HSA-compatible or not, find out if it’s a “qualified high deductible health plan.” If it is, it’s eligible to be used with a health savings account.

There are many financial advantages to using an affordable major medical insurance plan to protect you or your family.

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