In this day and age we live in a time when it seems that
everyone wants a little piece of the money we bring home.
We pay taxes to more than one entity, for child care and even
the amount we pay for fresh fruit is growing. The price of
gas is escalating and insurance often seems like just one
more thing added to the list. Unlike car insurance, health
insurance does not have a mandatory minimum requirement and
as a result more and more people suffer without the proper
medical care.
Did you know that a regular doctor’s visit today can
cost you anywhere between $75 and $150 just for 15 minutes
of a doctor’s time? What happens if you are requested
to see the doctor once a week or more? What if x-rays are
needed? The minimum amount for a typical x-ray runs over $225.
The question is, if you could find cheap health insurance
coverage, can you afford not to have it?
Prices of Medical Procedures Going Up
With today’s technology advancing rapidly in the medical
field, the prices of health care procedures are increasing.
Without proper insurance these costs can prove astronomical.
Although procedure rates are on the rise, many health insurance
carriers have found a way to provide you with great coverage
at a price you can afford. More than ever, insurance companies
are competing for your business.
How to
Find Health Insurance Cheap
- Compare Rates
Here at OnlyInsuranceQuotes.com you can receive up to eight
quotes at a time from high quality companies who are offering
the lowest rates possible in the fight for your business.
For more information on average and rising health care costs
visit the Kaiser Family Foundation (KFF) at http://www.kff.org/insurance/index.cfm.
- Learn About Types of Health Care Insurance Available
There are four basic types of health insurance plans available.
They are Fee-for-Service Plans, Health Maintenance Organizations
(HMOs), Point-of-Service Plans (POS) and Preferred Provider
Organizations (PPOs).
- Fee-for-Service Plans
Fee-for-service plans are the most traditional of the
lot. They allow you to choose a doctor anywhere at anytime
and be able to receive coverage. This type of coverage
typically is set up to where the insured pays a monthly
premium and then the insurer will cover up to 80% of medical
procedures and/or visits. Many of the insurers of this
type of plan will also require you to meet a maximum out-of-pocket
deductible before covering the charges.
- Health Maintenance Organizations (HMOs)
HMOs are set up as an in-network organization that requires
you to utilize the facilities and doctors that are set
up within the network.* You still will be required to
pay a monthly premium, but the group tries to focus on
preventative care that will in turn save money, both yours
and theirs.
*Note: Exceptions for emergencies or medical necessities
may be allowed to see doctors outside of the network.
- Point of Service Plans (POS)
A POS plan is in addition to an HMO and allows members
to get coverage outside of the network based on referrals
by their primary care physicians.
- Preferred Provider Organizations (PPOs)
A PPO is a combination of an HMO and a regular fee-for-service
plan. There are typically a limited number of medical
providers to choose from that will be covered completely,
but this type of plan allows you to use any doctor at
any time covered at a lesser rate.
Once you understand the importance of finding cheap health
insurance and have learned about the different types of plans
or organizations available to you, you can rest assured that
you have made an important decision regarding your future
and you will know that you cannot afford to do without.
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