Health insurance is a topic that’s been prominent on the news lately, with the Affordable Care Act coming into the market and other health insurance providers adjusting their offerings. Health insurance is full of terminology that can be unclear or confusing, and it’s not always feasible to get on the phone with health insurance agents to figure out what everything means.
When you’re looking for health insurance agents near me, it’s important to know what you’re asking about so you get accurate quote and pricing information. One of the most important things to figure out is what your health insurance budget is. You have to pay a monthly premium, the amount of which is adjusted depending on your level of coverage, the type of coverage, co-insurance, and deductibles.
You get access to a Health Maintenance Organization (HMO) or Preferred Provider Organization. HMOs put you within a network that is determined by a primary care physician. They see you first for any medical needs, and refer you to a specialist when needed. A preferred provider organization gives you a list of providers within the health insurance network, and allows you to go to any of them with it covered as long as they participate in the organization network.
Deductible is the next big term to understand when you get in touch with insurance agents near me. The deductible is the payment that you cover for your health insurance needs before the insurance starts covering it. If you have $500 deductible, you pay that much directly before the insurance company pays for the doctors. You also are responsible for co-pays and prescription costs.