Whether you’re a first time buyer or if you’re looking to renew your insurance under a new provider, odds are, you’re going to have to make a tough decision regarding who you should get your insurance from. With so many insurance providers littering the market, how can you be sure that the one you’ve set your sights on is the one that’s right for you? Asking yourself and the people around you a few questions before you make a purchase will help equip you with the proper knowledge and information required to make a sound decision.
What to Ask Yourself when Buying Medical Insurance in New York
- How Much Will My Premium Cost? – While many experts and professionals suggest that individuals go for as high a premium as they can afford, that might not always be the best course of action. Low risk individuals might save more if they avail of medical insurance in New York that doesn’t cost too much on a monthly basis. Your insurance provider should be able to break down the premium rate estimate for you and explain how they came up with the value. This will give you a better idea as to how well they understand the process and whether or not you should go for the highest premium rate.
- How Long Will it Take Them to Respond? – The last thing you want when you try to make a claim is to have to wait for a prolonged period of time before your insurance provider shells out cash or makes a decision regarding your claim. Under the state’s law, when you buy medical insurance in New York, your insurance provider should be able to give you a decision regarding your claim 30-45 days after the receipt, depending on the method you used to pay for the services. Ask your insurance provider how long it takes them to respond so you know what to expect if and when you file a claim.
- Are There Resources Regarding this Insurance Provider? – There are lots of different private rating firms that will offer you ratings and reviews of local insurance providers in and around your area, and this should serve as a basis for your decision. Look for the insurance providers with the highest trust rating to save yourself from potential frauds and to avail of the best service when you finally find the need to make a claim.