“Health is wealth,” so we’re told.
Today, we are very conscious about our health and well-being that we nitpick the food we eat based on calories, nutrients, source and what have you. There are even tons of diet plans, workout programs and wellness concepts we have tried sometime in our lives just to keep ourselves in tip-top shape.
Health should always be a top priority. That is why we do the things mentioned; to prevent ourselves from getting sick. When we become sick, our whole day is affected. When it becomes a serious illness, our whole life is at risk.
Some people neglect the importance of a good health insurance as part of the preservation of one’s health. To others, it can be daunting to look for a health insurance policy that’s adequate and cost-effective at the same time.
It is essential that we are covered by a health insurance policy. It is useful not only when we are already sick and we want to seek treatment, it also has certain features and services for the prevention of illness.
Affordable Health Insurance
To find an affordable policy and the exact coverage you need, you will have to do some shopping. You have to compare health insurance rates, coverages and terms side by side.
It sounds like a lot of work. People can get intimidated going through every single possible insurer.
On Mortgage.Info, comparing rates and coverages can be done with a few easy steps.
Health Insurance Plans, an Overview
To make your search a lot easier, you must have a good understanding of the common health insurance plans available today:
Health Maintenance Organization (HMO)
An HMO Health Insurance Plan is a type of managed care health insurance. In an HMO, the policyholder is given access to a network of healthcare practitioners, hospitals, and clinics which will provide the necessary medical services needed.
A ‘primary care physician’ or PCP will be the policyholder’s overseer in all of the medical care he/she needs. The plan member will choose a PCP from the in-network medical doctors of the HMO.
The relationship you have with your PCP is essential in an HMO plan. This physician will be the one responsible for referring you to other specialists within the network who can provide you with the necessary medical attention. Your PCP should be someone you can trust.
HMOs are considered to be less expensive than most health insurance plans. This is because everything is handled by in-network professionals and medical institutions.
Moreover, it is less likely for the in-network healthcare practitioners to charge you with ridiculously high medical bills. They cannot simply charge you with whatever they can think of because they have an HMO contract to follow. This way, you are protected from opportunistic healthcare providers who are after your money.
Preferred Provider Organization (PPO)
Another type of managed care health insurance is the PPO. It has similarities with an HMO but there is one big difference. In a PPO, you have the freedom to see any specialist you want, whether they are in- or out-of-network.
Just like in an HMO, you have to choose a primary care physician. Your PPO PCP has the same role as an HMO PCP. However, you no longer need to ask for any referral from your PPO PCP if you wish to visit another specialist.
A PPO gives you freedom HMOs do not provide. This can be proven helpful when a certain specialist is not part of the network. In an HMO, if the physician is out-of-network, it won’t be covered by the insurance policy. That means all expenses will be out of pocket. With a PPO plan, whether you choose an in- or out-of-network provider, the policy will still cover the expenses.
Finding a comprehensive health insurance policy that’s also cost-effective can be a bit of a challenge. However, the work you put into looking for a good policy will surely be worth it in the end. There is nothing more important than keeping yourself healthy and ensuring that you have yourself covered when certain situations arise.
Plan for your health, do it today!