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Health Source Chicago Il

Posted in Uncategorized | August 27th, 2011

health source chicago il
Why are the premiums for Health Insurance different?

I want to apply for Blue Cross Blue Shield in Chicago 60616, and I’ve never applied for health insurance myself, so I want to know what the difference in premiums mean,coinsurance/deductible, and the “lifetime benefits”, does that mean they will pay up to that much in a lifetime? I am going for a temporary plan there. Thanks =)

If the link would help, here it is: https://services.hscil.com/il/eapp/wxpm1653.pl?source=WEBIL00100#

Generally, the higher the deductibles and co-insurance that you pay, the lower the premium. But age, health and medical history also factor in. Deductible is the amount you pay for covered services before the insurance picks up their portion. Co-insurance is the percentage you pay until you meet the out of pocket max and your insurance then pays at 100%. Lifetime max is just that-the maximum the insurance will pay over the lifetime of the policy. This is usually the discounted rate that they pay the providers, not the actual billed amounts.

I would suggest that you find a local independant agent in your area and let him/her answer your questions. That way you will get a policy that meets both your medical and financial needs.