Finding a good health insurance plan can be difficult if you don’t know what’s available to choose from. At Good and Associates, insurance agents will help you search through the different types of insurance plans and networks to find a level of coverage that meets your needs. They will also help you choose a deductible that works within your budget.
- Types of Plans and Networks
Plans and networks include POS, PPO and HMO providers. Each type offers a variety of benefits, as well as restrictions. Some may allow you to choose your own provider but limit the services you can receive outside a specific network. Others limit your choice of providers to a specific network. If you choose a provider outside of the network, the price you pay will increase. Many plans and networks are most affordable when purchased as part of a group plan through your employer. If you’re buying your own health insurance, look closely at the cost to make sure you’re getting the best deal possible.
- Different Levels
Health insurance policies normally have three to four levels ranging from a basic plan to a premier plan. They are sometimes referred to the “metal” categories: bronze, silver, gold, and platinum. The type of category you choose is not indicative of the quality of care offered by your providers. Instead, the level you choose will determine how much your plan will pay and how much will be considered an out-of-pocket expense that you end up being responsible for.
- Costs and Deductibles
There are two primary “costs” when it comes to a good insurance plan. Your first expenditure is the monthly premium you pay to keep your policy active. A deductible is an out-of-pocket expense you are responsible for. You have a specific amount you need to pay within a 12-month period before your insurance coverage kicks in and covers the rest of your medical expenditures. A lower deductible can result in higher premiums, while a higher deductible can dramatically reduce your monthly premiums making them more affordable.
Good and Associates is Here for You
The agents of Good and Associates understand the importance of having the right insurance policy for your family’s needs. Proper planning and knowing what each type of policy offers are the keys to finding a good health insurance policy that will allow you to get the treatment you need from the medical professionals you trust.