Health Insurance
Types of Health Insurance Plans
The need for Health Insurance coverage has never been a more debated topic with the changes in the economy and current elected office. Depending on your current situation and individual needs, there is a Health Insurance policy that will work with you.
- High-Deductible Insurance – A plan that’s inexpensive due to high-deductibles you must meet in order for coverage to kick in.
- Heath Savings Accounts – Designed to pay for current health insurance coverage and save for future expenses.
- Basic Health Plans – Provides limited coverage at a lower cost.
Family & Individual Insurance
If your self-employed or your current employer does not offer a group plan, you can set up a Family Health Insurance policy or an individual health policy. Each health insurance company has a list of underwriting criteria that you must qualify in order to obtain a policy.
Group Health Insurance
Group Health Insurance is a employer sponsored health insurance plan. If you meet the criteria according to your employer, the enrollment is guaranteed. Typically the employer incurs majority of major costs associated allowing the coverage to become affordable for employees. If you lose your job you can obtain coverage through COBRA for another 18-36 months.
Short Term Insurance
Short Term Health Insurance is meant to be a temporary fix for health care coverage gaps. This type of plan usually does not cover pre-existing conditions or routine visits. It’s more ideal for the healthy individual.
Medicare Insurance
Medicare Insurance is a government sponsored designed for those 65 years of age and older, plus those individuals younger than 65 with current medical conditions. There are several components and supplement’s to medicare insurance.
- Medicare Part A – Hospital Coverage
- Medicare Part B – Medical Insurance
- Medicare Part C – Medicare Advantage Plans (Offered by private companies)
- Medicare Part D – Prescription Drug Plans
Managed Health Care Options
- Preferred Provider Organizations (PPO) – This plan allows you to choose from participating in-network doctors and facilities.
- Health Maintenance Organizations (HMO) – Choice of primary health care doctor and referrals to other in-network doctors and/or facilities if needed.