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How To Collect More On Your Company’s Health Insurance Policy

By Jason Markum

Times are pretty tough right now. The recession that started towards the end of 2008 has stretched on into 2010 with out many signs of ending any time soon. Unemployment has increased dramatically, the cost of just about everything is shooting up, and health care costs are running out of control.

If you’re lucky enough to still have a job, congratulations! If your job offers health insurance, then you are way ahead of the pack already. But that doesn’t mean you can’t squeeze a little more out of it, and that’s what I’m going to talk about today in this article.

Many companies offer health insurance to their employees, but many times those employees don’t know how to get the most out of that health insurance. In this article today I’m going to discuss several ways to squeeze every penny you can out of your health insurance and let you know several ways you may not have ever heard of to collect more out of that policy.

First off it’s important for you to know your insurance contract and every one of its provisions. That means going over all the paperwork you’ve ever been given with a fine toothed comb, and really understanding what’s in there.

Realize that not everything is set in stone, you can negotiate some things in certain circumstances. Not in all circumstances, but in some.

Sometimes the person in charge of setting up your health insurance policy within the company you work for (or own), doesn’t really know what they’re doing… or maybe they just got busy, or maybe they just don’t care. This can make discussing the issue with them difficult because you don’t want to rock the boat and make waves within the company.

Sometimes, therefore, you need to talk to the insurance broker who set up the policy outside of your company. The insurance broker will negotiate with the insurer itself, they’re the ones who usually make money from selling your company the policy so they have a vested interest in keeping you happy so that your company will continue to use them into the future. If your broker isn’t willing to sit down and talk with you, let it be known inside your company and maybe your company will find itself a new broker in the future.

Finally set up a specific person inside of your company whose job it is to liaison with the insurance company itself. You need somebody that can discuss things with the insurance company, negotiate higher payouts, and generally be on good speaking terms with them so you can get things done and get changes made when they are necessary.

Remember, insurance isn’t set in stone… everything is negotiable and how effective your insurance is sometimes just comes down to how hard you’re willing to push. In the meantime, remember… it’s your health we’re talking about, it’s very important that you have the coverage that you need at the price you can afford and at the end of the day if your insurance company can’t tailor to your needs, find a different insurance company.

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