Types of Health Insurance Plans
If you are currently in the process of looking for a health insurance plan, it will be important to review your options so you will know what you have to choose from. Since it is so important to be covered by a good quality insurance policy, you will want to take all the time you need to first look around and see what kind of options you have before making a final decision as to what you want. When you start to find out what some of your options are you will be able to make a decision as to what you would like to get. There are a lot of different things that can happen to you health-wise which you will want to be prepared for with the right kind of policy. Health insurance is something that everyone should have and if you are looking for coverage right now, it will be necessary to explore the different kinds of health insurance there are, just so you will be able to make sure you are making the right decision with whatever you decide to get.
HMOs are going to be one of the first options that you have and there are many pros as well as cons with these which you will want to carefully review. Everyone who has an HMO pays a certain premium each month which is the fee that you are charged for when the insurance company helps you with a future claim. If you are able to pay your premium each month you will be able to get comprehensive health care coverage for yourself and your family. There are a lot of horror stories out there regarding HMOs and it is very important that you understand what they are all about and all of the good things as well as the negative aspects regarding them. With an HMO you will need to remember that you will only be able to see certain doctors that are within their pre-selected network of physicians. If you are very adamant about keeping the doctor you have right now, you may want to think about another option as far as healthcare coverage is concerned.
Although the number of doctors and hospitals you can visit is limited to their pre-approved list, you will still be able to receive the care you need without having to pay all of the costs out-of-pocket. Usually people who have HMOs are only charged a small co-payment when it comes to doctor’s visits; it is typically around $5 so you know that you will not have to pay very much at all. One of the best things about having an HMO is the fact that the total costs will be significantly less than a fee-for-service health insurance policy which typically makes you pay more for your medical bills. When you are trying to select the right health insurance plan, you will need to look primarily at what is covered with each of their policies and how much you will have to pay out-of-pocket for medical treatment through each.
There is also POS or Point-of-Service plans that you will be able to choose from. These are offered by a lot of HMOs and with one you will be able to refer yourself outside of your plan and still get at least a portion of the coverage you need. This will allow you to see a doctor outside of the HMOs network and still get some of your medical expenses covered. There are quite a few people with HMOs who are not happy with their choices of doctors inside the network and want to go outside of it but cannot because of the restrictions placed upon them in the policy they signed. It is important for you to decide whether you want a regular HMO plan or a PPO which is a bit more flexible.
You will also have the option of choosing public government-funded health insurance plans from programs like Medicaid where you will be able to get a significant amount of your medical expenses covered. The first step in all of this is filling out an application and turning it in to your local department of health and humans services, that is if you want free government-funded health insurance. If you want to go through a private company otherwise known as an HMO, you will have to apply directly to them and supply your medical history as well as going through a physical to determine whether or not you can be approved and what your premium will be like.