Healthcare charges are through the roof, and consequently so are health care insurance rates. So how can you get a low cost health insurance plan? The following article demonstrates how to get an inexpensive health plan with a top-rated company the easy way…
Major Medical Plans
Major medical health plans, also referred to as catastrophic health plans, are the lowest cost non-comprehensive health plans. These plans have a high insurance deductible (the total amount you pay toward your claim before your insurance kicks in), plus affordable premiums.
Major medical plans only cover hospital fees like surgical treatments, hospital stays, X-rays, and diagnostic tests. They don’t cover visits to your physician or prescription drug costs.
If you are relatively young, in good health, hardly ever visit your physician, do not use high-priced prescription drugs, and are on a tight budget, these plans could be just the ticket for you.
Comprehensive Medical Plans
The lowest priced comprehensive health insurance plans are Health Maintenance Organizations (HMOs), Preferred Provider Organizations (PPOs), and Point-of-Service plans (POSs).
HMOs are the lowest priced of the comprehensive health insurance plans. They supply health care via a network of doctors and medical facilities picked by the HMO.
When you visit your physician you are required to pay a small copayment, commonly $10 to $15. The upside of these plans is there are no deductibles to pay for, and you do not need to spend your time filling in health insurance forms like you will with conventional medical plans.
Your primary care doctor is going to either treat you or else refer you to a specialist whenever you need medical help. You are not covered if you decide to see a doctor who isn’t a part of your network.
Preferred Provider Organizations
PPOs cost slightly more than HMOs, and they are the most popular health care insurance plans because they allow for more flexibility than HMOs. Like an HMO, you will need to select your health care provider from an approved directory of doctors.
Your copayment for every doctor visit is about the same as an HMO’s, there are no forms to fill in, and no deductibles to pay. However there are no gatekeepers with a PPO so you can go to a medical specialist without first seeing your primary care doctor.
Point of Service Plans
POS plans are more expensive than HMOs and PPOs, but deliver the greatest flexibility of the three medical insurance plans. They supply heath care treatment by way of a health provider network, but you also have the option of seeing a physician of your choosing.
Copayments for doctor visits within the network tend to be about the same as they are for HMOs and PPOs, and you will be reimbursed up to 80% for your out-of-network visits to the doctor after you pay the deductible.
Low-cost Health Insurance Quotes
The simplest way to get inexpensive health insurance quotes is to pay a visit to an insurance comparison internet site. At these sites you’ll receive price quotes from health insurance companies competing for your business.
When you visit one of these sites you will be asked to complete an easy questionnaire with details about yourself and your health. After you submit the questionnaire you will begin to receive quotes from several top-rated companies. You may then examine your quotes in the privacy of your home, and choose the plan with the cheapest quote which fits your needs.
Using a comparison website is fast, it’s easy, and it’s totally free.