Finance

Jun 12 2017

Compare Health Insurance Plan Information – Compare – Health Insurance #auto #insurance #nj

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Health Insurance Plan Info

Individual Health Insurance Plans

Individual health care plans are designed for single people and can usually be tailor made to your specific insurance needs. For the best rate, you should compare individual health insurance plans to plans from Healthcare.gov, the Health Insurance Marketplace .

Family Health Insurance Plans

Family health care plans are great for the self-employed or when you work for a smaller company that does not provide health coverage, family health insurance offers affordable protection for you, and your family. Compare our rates to Healthcare.gov, the Health Insurance Marketplace.

Catastrophic Health Insurance Plans

Emergency health care plans are typically well suited for young people who only require very basic health coverage and coverage in emergencies. They are usually less expensive than standard health insurance plans.

HMO Health Insurance Plans

HMOs or Health Maintanence Organizations, plans offer health care from a network of health care providers. HMOs tend to have respectable premiums and deductibles, but offer limited flexibility for choosing doctors and hospitals. Under a HMO plan, you need a referral from your primary care physician to see a specialist and you may have to pay 100% of cost if you see a doctor out-of-network.

PPO Health Care Plans

PPOs, or Preferred Provider Organizations, also have affordable premiums and deductibles however, they offer more flexibility to see any doctor you want and don t require a referral from your primary care physician to see a specialist (as is required from an HMO). Under a PPO, out-of-network costs are covered, but at a lower rate than in-network costs.

High Deductible Health Care Plans

High Deductible Health Plans, tend to have lower premiums than both HMOs and PPOs, but much higher deductibles. Deductibles are the out-of-pocket expenses you have to pay before insurance starts to cover you. You can use an HSA to lessen the financial burden of covering the high deductibles. These plans generally have similar flexibility to PPO plans.

Health Savings Account

HSAs, or Health Savings Accounts, are growing in popularity for a variety of reasons. Though they may not be for everyone, if you can afford to put up the money up front, you can benefit from tax savings, and people typically save a decent chunk of money when all is said and done because they don’t have to pay the expensive premiums.





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