Why Health Insurance is Important

You are most likely here looking or quotes on health insurance. If that’s the case, then you have made a wise decision. Aside from the money you save on healthcare, your life is enhanced in a number of ways. If you’re not sure what those ways are, here is a rundown of how health insurance can better your life:

• People with health insurance live longer
• Your assets are protected if you are seriously ill or in a severe accident
• You can purchase affordable prescription drugs
• You can have a higher quality of life
• You can receive life saving preventive care
• You can pay for hospital stays, doctor visits, and other medical care without draining your pocket

Insurance Policies to Choose From

We have partnered with insurance companies that can provide you with quotes on a large number of insurance policies. Here are the types of insurance policies you can choose from:

• Indemnity – An indemnity plan offers you the most freedom with your healthcare and is frequently referred to as a “fee-for-service” policy. Because of the freedom it offers, it is the most traditional because your insurer reimburses you for a percentage of your medical expenses. For instance, on an 80/20 plan, your insurer will reimburse you 80% of the medical expense, but you are responsible for the 20%. With this type of policy you are able to see any healthcare provider you wish.
• HMO – An HMO plan is not as flexible and is the cheapest plan you can purchase. When you choose an HMO, you can only see physicians within the insurance company’s network. If you stray outside of the network, you are responsible for the costs. With an HMO, you have minimal or no co-pays when you stay within the network.
• PPO – This offers more freedom than an HMO in that you can visit out-of-network providers, but it is cheaper for you to visit in-network providers.
• POS – With a point-of-service plan, you are getting an HMO/PPO hybrid. You are able to select a primary care physician from within the network, but you can receive care from outside the network. However, you will have to pay out-of-network costs. There may be an exception if you are referred to an out-of-network provider by your in-network physician.