What Kind of Health Insurance Plan Should I Pick?

Having a solid health insurance policy is essential. If you live in the Little Falls, MN area, Hanneken Insurance Agency, Inc. serves residents in the area and can help you find the right health insurance plan for you and your family.

Where do I Begin?

Consider what you need to think about first when you begin searching for a health insurance policy. Will you be picking a single, or a family-based health insurance policy? Then comes the cost. Cost often falls at the top of the list because you want something that will be affordable.  

When looking through policy options, it’s imperative to read the fine print. Be careful about hidden costs and out-of-pocket expenses. Some policies also require additional deductibles based on procedures that you are receiving, etc. Lastly, check for the out-of-pocket max, which is the maximum amount that you can pay before the insurance company becomes liable for 100% of the remaining costs.

How Much Will You Need?

Identifying your health insurance needs in Little Falls, MN can be tricky when you are healthy. Thus, you must consider factors like your health history- and that of your family- including sicknesses that you may be prone to based on your genetic makeup.

Health insurance plans typically fall under Bronze, Silver, Gold and Platinum categories. The lower the medal category, the higher your deductibles will be. Less will be covered by the insurance itself and there will be higher out-of-pocket premiums.

Bronze plans typically work for healthy, young and single individuals that don’t take prescription drugs or visit the doctor often outside of general checkups.

Silver policies cover more and work for families or single individuals with no ongoing health issues that want coverage for prescription drugs and unexpected illnesses. Silver plans are ideal for families.

Gold & Platinum policies have considerably higher monthly premiums, but much lower deductibles. These plans are ideal for those with ongoing health issues and frequently taking prescription drugs.

Hanneken Insurance Agency, Inc. can help you find an affordable health insurance policy. Contact us for a free quote.