Finding Affordable Health Insurance In Dallas Tx can be quite a challenge in today’s market regardless if you are an individual or a company.  If you are like most people, you probably have experienced an increase in the past year of at least 20 -30%.  Over time consistent increases to the cost of your health insurance premium can make coverage no longer affordable, which puts you and your family at risk in the event you require coverage and are no longer able to afford it.  More and more people are entering this category because of rising costs.  The question is what is it that you can do about finding affordable health insurance here in Texas.

There are two main options that you have available in selecting affordable health care.  The first choice which is what most people do first is to reduce the benefits selected with your Major Medical Insurance plan.  Most people will elect to eliminate features that they are not using in their plan, or increasing the deductible to where it is in the thousands of dollars.  Ask yourself this, if your deductible for your health insurance plan was $10,000 could you afford to pay that amount, and this does not include any co-insurance amounts yet.  The sad reality is that more people than ever are choosing this route and putting their families at financial risk because of taking on these costs.  While this is effective in helping to reduce premiums, you can only raise the deductible so high, and you can only eliminate so many benefits from the plan before it defeats the purpose of having it.  There is another solution to this problem depending on your situation.

The other option you have available for Affordable Health Insurance in Dallas Tx is what is known as a limited benefit indemnity plan.  The name of the plan does not do it justice as limited benefits refers to the plan pays out a set amount of dollars for a procedure.  Here is the hidden news about Major Medical plans, they have the same limitations.  Health insurance carriers all have schedules they use to determine how much they will pay for a given procedure, the difference here is that you know what these amounts are up front.   Ask yourself this question, if you were having trouble with your car, would you go to a mechanic to work on it without knowing how much it was going to cost for them to work on it?  Probably not, but the majority of Americans do this every day when it comes to Health Care.  You would shop around to find the best mechanic at the best rate to take care of your vehicle to get it back in working order.  A limited benefit plan lets you know how much it will pay for a procedure which then allows you to become a better consumer through shopping around for who will give you the best rate.  A benefit with these plans is that there is no deductible.  When set up properly these plans may limit or eliminate out of pocket expenses with certain procedures, which for many families can help reduce financial turmoil when it comes to covering health care expenses.

If you would like to know if a Limited benefit indemnity plan is the right fit for you, contact Byron Ingraham with TxInsurancePro.com