What could be more important than protecting your health? Health insurance makes getting the care you need possible and early detection can keep you from ending up with serious conditions. Picking a health insurance plan that can provide the care you need is not easy, it requires you to familiarize yourself with some insurance terms you never thought you would need to learn. At The Insurance Mart in Blue Ridge, GA, we are a family-owned and operated independent agency that serves the Tri-state area.
You may have heard the term managed care and wondered what exactly it means. It is actually a good thing; it means your healthcare insurance company has made a deal with medical providers to provide care for their members at a reduced price. Not all managed care is the same, there are three basic types: HMO, PPO, and POS.
HMO– With an HMO you must use providers in your network. In the case of a dire emergency, you might be reimbursed for an expense outside your network, but you are expected to stay in-network.
PPO-With a PPO you also have a network, but you can choose to use a provider outside your network. You will pay more to use a provider not in-network, but they will be covered.
POS-A POS has some features of both an HMO and a PPO.
High deductible plan
These health plans have a very high deductible. Most expenses you incur you will have to pay yourself. Many employer plans fit into this category.
An HSA is a Healthcare Savings Account. It allows you to save money pre-tax that you use to pay your medical expenses. It works well with a high deductible plan.
If you are in the market for health insurance or any type of insurance, contact us at The Insurance Mart in Blue Ridge, GA.