Health Insurance

Health InsuranceInsurance to keep you and your family healthy.

Nothing is more important than your family’s health. Without a health insurance policy in place, the best medical care is out of reach of the average American family.

That’s why our member agencies strive to provide you and your loved ones with a high-quality health insurance policy from the nation’s top insurance carriers.

Types of health insurance plans

There are several types of health insurance plans available. The plan you choose depends on your specific needs.

Basically, there are three major types of health insurance plans: Health Maintenance Organization (HMO), Preferred Provider Organization (PPO), and Health Savings Account (HSA)

HMO
An HMO is a specific type of health care plan characterized by lower costs than traditional health insurance plans. However there is a tradeoff. An HMO plan sets guidelines for doctors. So there are limitations on the range of treatments available.

PPO
A PPO generally costs a little more than an HMO plan, but it offers greater flexibility when choosing doctors and seeing specialists.

HSA
HSAs are a fast growing option in health insurance. They involve a tax-advantaged medical savings account. Funds contributed to the account are not subject to federal income tax.

Medicare supplemental insurance

Do you currently receive Medicare insurance?

Our member agencies can also help you find a Medicare supplemental insurance policy that can fill in the gaps that your basic Medicare Part A or Medicare Part B insurance does not cover. These gaps in coverage can include deductibles, co pays, and many other expenses that add up over time.

For many recipients of Medicare Part A or Part B, a Medicare supplemental insurance policy has become a key contributor to their financial peace of mind. _Find an agent_ near you to discuss your options today.

Common health insurance terms

Understanding health insurance starts with understanding some of the common terms used when discussing your options. Below you’ll find descriptions of some of the most typical health insurance terms.

Deductible—when deciding on an insurance policy, you choose the deductible, which is the amount you pay toward medical bills before the insurance provider kicks in. So if you choose a $500 deductible, and your medical bills surpass that amount, the insurer pays the difference.

Co-pay—a specified amount of money you pay upfront when visiting the doctor or filling a prescription. The insurer than pays the remaining cost.

Coinsurance—the percentage of medical bills you must pay after the deductible is met. Usually, a provision called a stop-loss is involved which limits the amount you’ll have to pay out of pocket.

If you questions, or if you need help finding a policy that’s right for you, contact an independent agent near you.