Misunderstanding Michigan Health Insurance Proves Costly Errs

Despite the assortment of Michigan health insurance plans, baffled consumers tend to buy unsuitable policies or forgo coverage, altogether. Many find that affordable health coverage tends to fall short on premiums and high on out-of-pocket expenses. Quite often, the problem stems from not knowing the difference between deductibles and coinsurance. With the state of Michigan's growing unemployment rate and uninsured woos, hospital bills continue to plague cash strapped citizens.

Almost fifty percent of Americans confess that they are unclear what their medical coverage includes or the difference between insurance terms, such as coinsurance, deductible, and co-payment. When it comes to selecting the right Michigan health insurance policy, the quandary is that insurance shoppers often don't understand exclusions and out-of-pocket costs. The outcome is generally expensive, leaving many policyholders with unexpected hospital bills.

As a first time expectant mother, Wanda Jones, was excited about giving birth. However, the affordable premium health plan that she bought as a small business owner uncovered some unforeseen surprises. Ms. Jones thought that her $2000 deductible should cover the cost of her hospital bill, when she learned that it would be an additional $4000 for the delivery of her baby.

Market research shows that misconceptions about medical coverage are prevalent. "I find insurance literature too difficult to understand," states Ms. Jones. Facing childbirth as a single parent Ms. Jones, a 32-year old proprietor of a craft store based in Ann Arbor, said that deductible cost more than her total savings account. "My decision to raise a child on my own would have been different. I should have asked for more information about my insurance options," she concludes."

Mike Novelli, president of MichiganHealthandLife.com says that selecting the right Michigan health insurance plan has a lot to do with the broker selling the policy. If the agent neglects to disclose all the policy's details, there are generally going to be some surprises. He advises consumers to avoid unscrupulous brokers by obtaining quotes from an agent who vends an assortment of Michigan health insurance plans. He also recommends recognizing the following shortlist of ethical attributes:

- Completely articulates the terms of the policy, emphasizing the difference between low cost premiums deductibles and other coinsurance out-of-pocket expenses.

- Does not request an application fee. Quote for Michigan health insurance plans are free.

- Exudes helpful and knowledgeable advice without imposing any coercion tactics.

For more consumer information regarding medical coverage in Michigan, one of the best resources, featuring Michigan health insurance and free Michigan medical quotes is Michigan Health & Life.

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