One of the best things about America is also one of the worst. We have a lot of choices when it comes to just about everything, and that can make life confusing. There are a lot of different insurance policies out there, finding the right one can be challenging. There are a few questions you should think about before deciding on an insurance policy.
Are you over 65 or disabled?
If you are over 65 or disabled, you are likely to qualify for Medicare. You will also qualify for Medicare if you have Lou Gehrig’s Disease or if you have permanent kidney failure and require dialysis.
There are a few different parts to the Medicare system. Medicare is generally free to those persons who are over 65 and covers hospital stays, hospice care, and some at-home care. Part B covers doctor’s visits, physical therapy, chemotherapy, and other kinds of outpatient treatments. The cost is normally $148 a month, but it may be more than that if your income exceeds $88,000.
Part C or the Medicare Advantage plan covers both hospital stays and basic Outpatient Care such as doctor’s visits. The insurance is provided by private companies that the Medicare office has approved. According to medicareinsuranceaz.com, it may cost a bit more, but it is comprehensive insurance and may even include dental and vision coverage. This is the best plan if you intend to go through Medicare.
What type of plan is right for you?
There are several different types of insurance plans that are offered in the United States. You will want to take your family’s needs and budget into consideration before selecting the best one for you.
Health Maintenance Organization (HMO)
An HMO generally requires you to use doctors within a network or contracted with the HMO. If you need to see a specialist, you will have to be referred to them by your primary care physician.
Preferred Provider Organization (PPO)
A PPO gives you the most freedom of any type of healthcare plan. Although you will save money if you use doctors and hospitals that are within the PPO’s network, you will still be able to go outside the network and use your insurance. You will not need a special reference to see a specialist.
Exclusive Provider Organization (EPO)
This is a type of plan that requires its users to use doctors and hospitals that are in the plan’s network. The only time you can go outside the network is if you have an emergency.
Point of Service (POS)
With this type of plan, you will pay less money if you use doctors and hospitals that are within the network. As with an HMO, your primary care doctor must refer you to a specialist if you need to see one.
Once you decide what type of health insurance is right for you, you will need to select a provider. Be sure to comparison shop and get several quotes before selecting a company.
Your well-being is the most important thing you have. Selecting the right insurance plan and provider can ensure that your future will be a healthy and comfortable one.