Individual Health Insurance
In today’s marketplace, there are many different options in health care and deciding on the right health insurance can be a confusing topic. Couple that with the changing laws and healthcare cost skyrocketing, you can’t afford to take chances with the coverage you choose. If an accident or illness strikes, paying high medical costs out of your own wallet can be a financially devastating. If your employer does not offer an adequate health benefit package, or you are self-employed, unemployed, retired, or even a student, we can help you sort through the maze of different insurance options and find the right plan at a price you can afford.
Med Plan Advisors will help you understand the different types of health insurance choices for you and your family. Although plans can differ, they basically cover most medical, surgical, and hospital expenses and can cover prescription drugs. Some plans even offer preventive health care, immunizations, and dental coverage.
Major Medical Health Insurance options
Each insurance brand may offer one or more of these four common types of plans:
- HMOs – Health maintenance organizations
- PPOs – Preferred provider organizations
- EPOs – Exclusive provider organizations
- POS – Point-of-service plans
- HDHPs – High-deductible health plans, which may be linked to health savings accounts (HSAs)
Most health care plans are some form of Managed Care. Managed Care policies include Health Maintenance Organizations (HMO), Preferred Provider Organizations (PPO), and Point-Of-Service (POS).
HMO – With HMO’s all your health care services go through your primary care physician. You will need a referral before seeing specialists or other health care professionals. This usually means less paperwork and lower health care costs for everyone.
PPO – This plan offers more flexibility. You do not need a primary care physician and can go to any health care professional you chose although with staying inside the network you will have lower out-of-pocket costs.
POS – These plans combine some of the qualities of the HMO and PPO plans and the benefits levels may vary depending on whether you receive your care within the network of providers. Like with HMO plans you choose your primary care doctors and need referrals to network specialists when needed. Like PPO plans you may receive non-network care but with greater out-of-pocket costs.
Obtaining the right medical insurance coverage is crucial. If you prefer to have your care coordinated through your primary care doctor, an HMO plan might be the right choice for you. If you would prefer more flexibility with your medical care or see a lot of specialists, you might look into a PPO plan.
Our team of professionals at Med Plan Advisors can help you sort through all the options and help you choose the right Michigan health insurance plan for your specific needs.
Health Insurance options or ACA Alternatives
Have you been priced out of the Healthcare Marketplace but still need health coverage? There are options to cover your healthcare needs. Give us a call today to discuss your situation. 248-795-1625