Why Comparison Shop For Health Insurance?
Many consumers buy at first look – here’s a brand or product that looks like it’s of quality, why not buy it? This is a safe and often times okay decision – you end up with a good product, and it causes the normal consumer thought process to be repeatedly confirmed. However, buying at first look is not the best decision – it simply can’t be.
If a business knows you’re going to look to them and only them, they have the ability to considerably mark up their services because of a “convenience” fee you are inherently allowing them to charge. They only need to charge one dollar less than an amount you would believe to be too expensive – if they do this, they can essentially make a considerable sum off of you. However, if a business knows there are many players in the market and the consumer is sophisticated, they will have to drive their prices down – because they will end up losing business otherwise. You can see this at work with toothpaste or deodorant on the bookshelves – almost all of the products are the same in pricing because consumers are essentially “comparison shopping” those products.
What ShortTermHealthInsurance.net has done has replicated that process, but for short term medical insurance. By putting all of those health insurance companies in one hypothetical aisle, you, the consumer, benefit considerably – because all health insurance companies must adjust their prices to account for what that means to the competitive landscape.
Plans will tend to be equal, too – although some details can change, so make sure you pay attention to the fine print. Many companies and sales providers are still not aware you compared quotes, so be prepared to use that to your advantage – “X company just quoted me Y on my temporary health plan”. This knowledge and consumer power you wield can be a considerable strength to you as you weigh plans and companies against one another to protect your health and finances.
Consumer research has always been good. Today, technology allows to do the research in considerably less time – which means that the consumers are leaving in better financial condition – and with better health plans, than ever before. Compare quotes today by inputting your zip code below – you’ll see how big of a benefit comparison shopping can be!