Because your health is important, having a reliable health insurance plan will give you the peace of mind that you need knowing you will be taken care of in case of an emergency or unexpected illness.
Because a trip to the emergency room can be very costly, a health insurance plan will help you save a great deal of money. Without health insurance your bills will add up and may even put you into debt. If you are concerned about the cost of insurance, there are several plans that can be found at affordable rates.
Why Health Insurance?
Health insurance is not only absolutely beneficial for numerous of reasons, but is also required by law. If you are looking into getting health insurance and want to learn more about why you should receive it and the different types, we are here to help.
About Health Insurance
There are many options for health insurance plans that may be provide through your job or that you may purchase. To learn more about each plan, speaking with an expert health insurance agent is valuable. They can help explain the differences and assist you with choosing the best option for you based on your needs.
Several plans may be offered for you to choose from, which are categorized by metal levels. Each level, such as bronze, silver, gold and platinum, cover different percentages of your medical bills. The more coverage that is provided, the more the plan will cost.
Examples of marketplace plans are listed below.
Preferred Provider Organization (PPO)
This is a flexible plan where if you use a doctor in the plan’s network, it will cost less. To use hospitals or doctor outside of the network it will cost extra.
Health Maintenance Organization (HMO)
Not all HMO plans are identical, but they generally work to lower out-of-pocket costs and premiums. If you have an HMO it limits the doctors you can see, as they must work with HMO and you may need to live in the area that provides it. You may not be provided out-of-network care unless in an emergency.
Point of Service (POS)
This plan is beneficial for those who want to pay less for using doctors and hospitals that are in this plan’s network. To see a specialist, you will need a referral from your primary doctor.
Exclusive Provider Organization (EPO)
This plan limits you to using only providers that are within the network except in emergencies.
Questions to consider when determining which health insurance plan you should choose are:
- Do I visit the doctor often?
- Do I want to choose my doctor?
- Will I need prescriptions refilled on a daily basis?
- How much am I willing to pay for coverage?
- Do I want a bronze, silver, gold or platinum plan?
Learning more about each plan is great way to ensure that you are receiving the benefits that you need. If you want to save money while receiving the services you need, speaking with a seasoned professional is always helpful. We hope you have a better understanding of the types of health insurance and are closer to securing a plan that will benefit your specific needs.