Making the Right Choice: Factors to Keep in Mind When Choosing a Health Insurance Provider

Choosing a health insurance provider can be a daunting task, as the decision can have a significant impact on your overall health and financial well-being. Different providers may offer different coverage options, premiums, deductibles, and co-pays, which can affect your out-of-pocket expenses.
By carefully considering your options and choosing a provider that meets your specific needs, you can help ensure that you receive the care you need without breaking the bank. Here are our top 4 considerations to make before selecting a health insurance provider:
1. Waiting period:
If you require ongoing or uninterrupted treatment, a delay in reimbursement on medication or paramedical services could make a large impact on your decision to purchase coverage.
There is no waiting period for health and basic dental services with HCP. You will have access to your benefits from day one. Many plans on the market include waiting periods on different benefits, delaying access to much needed services.
2. Cost:
It’s not just the premium. Consider the cost of deductibles, copayments, and out-of-pocket expenses. Make sure you understand all the costs associated with the plan before signing up.
HCP has no deductible or overall lifetime maximums.
3. Termination Age:
Some insurance plans may have a maximum age limit for coverage, which means you may lose your coverage when you reach a certain age.
There is no maximum age limit on the health and dental benefits with HCP. This means that coverage continues regardless of age. Even the travel coverage doesn’t have a term age. You can continue to enjoy travelling with peace of mind knowing that you are protected.
4. Long Term Disability:
A unique feature offered with the HCP plan is the option to purchase Long Term Disability insurance. An important but sometimes overlooked benefit you’ll hopefully never have to use, but you will be thankful that you have.
HCP offers Life, LTD and ADD&D coverage to Eligible employees. We even have a unique package (Signature) including these core benefits for those who already have health coverage elsewhere.








