Medical care can be very expensive. Getting healthcare insurance is key to getting you the treatment you need at a price that won’t drain your bank account. There are many options on the market, so it can be hard to decide on the right plan for you and your family. HealthMarkets Insurance Agency can simplify this process. With thousands of licensed and knowledgeable agents across the country, HealthMarkets helps individuals and families select a plan from a portfolio of more than 180 national and regional insurance companies.
4 Things to Look for in Healthcare Insurance
While a variety of factors play a role in finding the right insurance, four keystones stand out from among them all:
- Premium and deductible costs: A premium is a regular cost you pay to an insurance company. Paying a higher premium generally means a lower deductible. A deductible is the money you pay for medical care before your insurance kicks in.
- Available tax credits: The Affordable Care Act, also known as Obamacare, can reduce the cost of your premium through subsidies if you qualify. Your income is a contributing factor for how much of a subsidy you get.
- Freedom of choice: HMOs, or Health Maintenance Organizations, can limit your choice of service within a local network. PPOs, or Preferred Provider Organizations, may allow you to see out-of-network doctors, though premiums may be higher.
- Coinsurance: Some healthcare insurance plans require you to pay coinsurance, which is a percentage of the costs of treatment. For example, if you’ve already met your deductible and your coinsurance is 20%, your coinsurance payment will be $20 for a $100 doctor visit.
There are plenty of other factors to consider, and the process can unfortunately be difficult to navigate. The good news is that HealthMarkets licensed agents can simplify the process. Our representatives are available 24/7 by phone or you can review your options through a user-friendly online quoting system. Either way, we can help you select the right plan at the right price for you. Don’t just take our word for it. If you’d like to see how you can save money on insurance, give us a call today, or get a free quote online. We look forward to hearing from you!