Medical Insurance Ratings: How To Ensure Great Coverage

Medical insurance ratings come in two forms: insurance financial ratings and consumer ratings, which are also known as quality ratings. In order to ensure that you get the best coverage that will meet all of your needs, you should include medical insurance ratings in your research. Follow these easy steps to get you on your way:

Step 1: Select three to four medical insurance providers to investigate;

Step 2: Contact insurance ratings service providers (A.M. Best, Fitch, Standard and Poor's, Moody's, or others). Review the medical insurance ratings for the insurers your wish to investigate. You may be able to find this information on the Internet as well;

Step 3: Research consumer insurance company ratings online. Check customer reviews, comments, and experiences with the particular agencies you are considering;

Step 4: Compare both professional medical insurance ratings and consumer ratings from each company;

Step 5: Examine the top rated companies to determine your eligibility for coverage, limitations on payout, out of pocket limit, deductibles, and co-payments. Commonly, if you have a high deductible and high co-payment, your monthly premium will be lower;

Step 6: Contact these medical insurers for quotes;

Step 7: Select the company that has the highest rating and that will provide coverage for all or your known and emergency needs at the lowest cost.

blog comments powered by Disqus