Individual Health Plans

Here are 3 quick tips before choosing a Health Plan

Understand Your Network Options

“Will my Doctor accept this Health Plan ?” The plan is not any good if he or she is not part of that network. Different policies have different network options. Before choosing the right network, ask yourself “do you want the option of selecting or keeping your own doctor?” This can save you money as some companies offer multiple networks. If so, you want to choose an HMO plan over a PPO Health Insurance plan. If you don’t plan on seeing a specific doctor, be mindful that your network is broad enough and offers plenty of provider options. If your not sure if your doctor is on a certain list call us or use the contact us button to reach out to us.

Compare High deductible plan vs low deductible Plans

When shopping for your health insurance, most buyers select health plans on price only. Although affordability is important, you may want to choose a plan that covers your actual healthcare needs. Some questions you might ask yourself are “how many times you plan to see the doctor this year?” or “does this plan cover my medication costs?” Here is another example say you have not been to the doctor for years and all this time you have overpaid on a low deductible plan. Maybe you should take a look at putting yourself on a high deductible plan and seeing how much that will save you each year. In some cases I have clients save 4 or 5,000 per year. That would more than make up your deductible if something happened. Make sure to understand your options and ask as many questions as possible when speaking to a licensed health insurance agent at groupinsuranceplans.com.

Double check your out of pocket maximum (OOP)

All plans have limits on the OOP or maximum deductibles and maximum out of pocket in a policy year. The term out-of-pocket maximum is the most you’ll have to pay during a policy period (usually a year) for health care services. Once you’ve reached your out-of-pocket maximum, your plan begins to pay 100 percent of the allowed amount for covered services. Tip double check what each carriers OOP is. Not all policies are the same. They can range from $2500 to $50,000.