Different types of health insurance plans
Health insurance is something you might need, but choosing the right plan can be overwhelming. That is why we are here to assist you going for the best health insurance cover. Contact us today for more assistance.
Types of health insurance plans
Most people have health insurance through their employer or union. Others seek out an individual or family health plan through a healthcare exchange, an agent, an insurance company, or a broker such as e-health. Below are different types of health insurance plans. After you have gone through them you can decide on which one to take.
- Catastrophic insurance plans: Catastrophic insurance plans are designed to provide an emergency for unexpected medical costs. If you don’t have a major medical policy, you might want to get catastrophic insurance to get coverage in case of serious health issues. But you can also get catastrophic insurance to get coverage in case of serious health issues. Also you can get it when you have major medical policy or short term policy as a supplement to provide additional protection.
- Health Maintenance organization (HMO) plans: HMOs are one of the most popular types of health insurance you can purchase. With this plan, an entire network of health care providers agrees o offer you its services. You have to select a primary care provider (PCP) who coordinates all your health services and care.
- Preferred Provider Organization (PPO) Plans: Under PPO plan, both you and your family can any health care provider in their network, including specialists, without a referral. In most cases, you don’t have to choose a PCP and small copayment fees are charged for each visit. Individuals who visit a specialist regularly generally prefer this type of health insurance.
- Exclusive Provider Organization (EPO) Plans: With an EPO plan, you have access to all of the health care providers within EPO network including specialists. Additionally EPOs will typically cost you less than HMOs and PPOs. The downside of this type of plan is that any provider outside of the EPO network isn’t covered by your insurance. EPO plans can be suited well to individuals who don’t anticipate needing a great deal of medical care and want to save money.
- Major medical insurance plans: Under the ACA, Medical plans must offer minimum essential coverage, meaning that no one can be turned down for a plan during the open enrollment period for medical reasons, including pre – existing conditions. In addition, certain cervices and treatments must be offered in all health plans, regardless of where you buy the plan or from what insurance company.
- Short term insurance plans: A short-term health policy can cover you in the meantime. Short-term health plans can cover you for any length of time from 30 days up to 12 months. Short-term insurance offers more limited benefits than major medical, but can help safeguard your finances in the case of a covered illness or accident. The downside to this type of coverage is that it does not meet the minimum essential coverage required by the Affordable Care Act, so you may also be subject to the tax penalty.
Our website allows clients to be able to compare insurance rates from different insurers. We normally ask for information that includes some basic information about you, your vehicle, your driving record, and limited information about any other drivers you’d like to insure on your policy.Our website provides you with actual prices from different insurers and not estimates like some websites. These different prices will assist you decide which one is the most friendly for you. With this comparison service we help you save both time and money through finding all the information you require in one place.