Nothing is more important than you and your family's health.
Without health insurance, medical care is too expensive for the average American family to afford. If you or your family needed emergency care, you could end up paying off medical bills for the rest of your life.
You need health insurance, and we can help. Our independent agents have the ability to compare policies from several of the nation's top insurance carriers to find a policy that's affordable and offers the coverage you need.
Types of Health Insurance
There are basically three major types of health insurance policies to choose from: consumer-directed, fee for service, and managed care. These health insurance plans help cover your medical, surgical, and hospital expenses. They may even cover dental expenses, mental health services, and prescription drugs, depending on the coverage you choose.
A consumer-directed health plan (a.k.a. “consumer-driven” or “consumer choice”) is a newer type of healthcare plan that’s designed to give you more control. As part of the plan, you setup a health fund that can be used to cover medical expenses.
Fee for Service
A fee for service plan is a more traditional healthcare plan. It means you pay a fee to your provider for every healthcare service you receive. The benefit of this type of health insurance plan is that it allows for a lot of flexibility when choosing a physician or healthcare provider.
Members of managed care health plans generally enjoy more benefits like lower out-of-pocket costs. However, you can only receive treatment from physicians that participate in the managed care network. Typical managed care plans include health maintenance organizations (HMOs), preferred provider organizations (PPOs), and point-of service (POS) plans.
Common Health Insurance Terms
When discussing health insurance, you'll likely hear the following terms used frequently. It helps to have an understanding of what they mean, so you can choose a plan that's best for you and your family.
Deductible -- the amount of money you pay toward medical bills before your insurance coverage begins.
Co-pay -- a specified amount of money you pay upfront for doctor visits and prescription refills.
Coinsurance --the percentage of medical bills you pay after meeting the deductible.