Health Insurance 101: Answering Your Questions

Getting informed before you purchase health insurance is the best way to ensure the most affordable rate. Asking questions and learning what's available is not only extremely important for getting the right policy but also makes you a smart shopper. It puts you in the driver's seat down the road to great rates and coverage. Again, be sure to do your research before purchasing health insurance coverage. When you're ready to start shopping and comparing prices, start by using our simplified health quote form. It's fast! It's free!

What are the different types of managed care?

• Preferred Provider Organization (PPO): If you opt for a PPO, you have access to a network of health care specialists. You may choose a health care provider from within your network or a non-network health care provider. You pay more if you choose to go out of network.
• Health Maintenance Organization (HMO): An HMO requires a co-payment to an in-network physician. However, an HMO will not pay for services you receive outside the network. You choose a primary care physician and they become the gatekeeper to your health care. You must obtain a referral, if you seek specialty care.
• Point of Service (POS or Open Access HMO): With this insurance plan, you can go out of network. But you won't be reimbursed the full amount—usually only 50 to 80 percent.

What is an HSA?

An HSA is a Health Savings Account which is used along with a High Deductible Health Plan (HDHP). If you choose an HSA, you put tax-sheltered money into a savings account. When you become ill or injured, you use the money in your account to pay for your medical care. If the cost of service exceeds the deductible of your HDHP, the insurance company pays the excess.

What's the difference between a premium, deductible, co-payment and co-insurance?

• A premium is the total monthly or annual amount you pay toward your policy.
• A deductible is the amount you must pay before your health plan begins paying your health care expenses.
• A co-payment is the amount you pay when you receive care. The amount varies depending on your plan and whether you go to an in-network provider. Usually a percentage, co-insurance is the part of health care you pay along with your deductible.

How do I find the right insurance at an affordable price?

Individual and family health insurance is still rather costly. If you are self-employed or your employer does not offer coverage, your best bet is to shop around. Use our website to find low-cost health insurance rates. We make it quick and easy to find great coverage at a price your can afford. Two minutes of your time is all we need. We'll provide you with free, multiple health insurance quotes from top competing companies.