Health Insurance: Everything You Need
For most Americans Today, finding low cost health insurance is a top priority. However, it can be difficult to find a plan that fits within your budget, and the process is further complicated if you have pre-existing health conditions. If you need coverage for your whole family, consider getting a group health plan from your employer or on your own. These are the most affordable and include HMOs, PPOs and POSs.
Affordable Health Insurance OptionsWith the PPO, or Preferred Provider Organization, and HMO, or Health Maintenance Organization, you are given a network of physicians to choose from. With HMO you are required to choose one of their doctors as your Primary Care Physician (PCP). Using one out of their network would result to you enduring the full cost of the expenses rendered. With the PPO you get more freedom to choose any doctor, but using a doctor out-of-network will raise the co-payments. PPO's have higher premiums than HMO, making the HMO the cheapest. The POS is a combination of HMO and PPO.
An HDHP, or High Deductible Health Plan may be another option. This may not seem like a low cost option, but once the annual high deductible is paid, the benefits will kick in. Premiums are also much lower than average from the start. After enrolling in this type plan you will qualify for an HSA, or Health Savings Account, which allows you to save up tax-free money for your medical expenses - even for alternative healing treatments/procedures, eye care and chiropractor therapies. The HSA also allows you withdraw the money you have accumulated for other purposes once you reach retirement age.