Contact Us: (719) 481-1616
Choice Enrollment
  • Home
  • Quotes
    • Health Insurance Quote
    • Accident Insurance Quote
    • Overseas Travel Health Insurance Quote
    • Dental Insurance Quote
    • Vision Insurance Quote
    • Life Insurance Quote
    • Medigap Quote
  • Service
    • Update Contact Info
    • Contact My Carrier
    • Healthcare Calculator
    • Pre-Appointment Financial Worksheet
    • Pre-Appointment Medicare Worksheet
    • Renew/Non-Renew 2025 Health Insurance
    • Free Consultation
  • Insurance
    • Health Insurance
    • Accident Insurance
    • Overseas Travel Medical Insurance
    • Dental Insurance
    • Vision Insurance
    • Life Insurance
    • Medicare Supplement Coverage
  • About
    • Staff Directory
    • Insurance Carriers
    • Client Testimonials
    • Refer a Friend
    • Reviews
    • Helpful Links
    • Accessibility Statement
    • Privacy Policy
    • Terms & Conditions
    • Videos
    • News
    • Blog
  • Contact
    • Schedule an Appointment
  • Home
  • Quotes
    • Health Insurance Quote
    • Accident Insurance Quote
    • Overseas Travel Health Insurance Quote
    • Dental Insurance Quote
    • Vision Insurance Quote
    • Life Insurance Quote
    • Medigap Quote
  • Service
    • Update Contact Info
    • Contact My Carrier
    • Healthcare Calculator
    • Pre-Appointment Financial Worksheet
    • Pre-Appointment Medicare Worksheet
    • Renew/Non-Renew 2025 Health Insurance
    • Free Consultation
  • Insurance
    • Health Insurance
    • Accident Insurance
    • Overseas Travel Medical Insurance
    • Dental Insurance
    • Vision Insurance
    • Life Insurance
    • Medicare Supplement Coverage
  • About
    • Staff Directory
    • Insurance Carriers
    • Client Testimonials
    • Refer a Friend
    • Reviews
    • Helpful Links
    • Accessibility Statement
    • Privacy Policy
    • Terms & Conditions
    • Videos
    • News
    • Blog
  • Contact
    • Schedule an Appointment

Choice Enrollment Blog

How to Decide Which Health Insurance Plan is Right for Your Family

10/27/2015

0 Comments

 
Picture
​Whether you are seeking a personal health-insurance-policy for your family or choosing among various health insurance options that your respective employer is offering, there are a number of factors to carefully take into account. It's important to consider your healthcare usage against the types of insurance plans available to you such as Health-Maintenance-Organizations (HMOs), Preferred-Provider-Organizations (PPO), High-Deductible-Health-Plans (HDHPs) and Indemnity Health Plan. 
​Analyze Your Family's Utilization of Health Care Providers
You may begin by reviewing your family’s utilization of health-care-service providers in the preceding year. While you're at it, be sure to look into how frequent family members visited the doctor, and if there are any future health conditions or if there are any complications that warrant ongoing treatment. Considering how your family uses health-care-services will ultimately shape the kind of coverage-you-may need.
 
Review Options Offered By Your Employer
Most employers will offer a Health-Maintenance-Organization (HMO) or a Preferred-Provider-Organization (PPO). PPO plans advance a large network of health practitioners you may consult but may attract higher out-of-pocket expenses such as co-pays and the premium. Co-pay is the portion of services you pay for as they're received (your respective insurer settles the rest) whereas the premium is simply the cost-of-the plan.
 
It is imperative to note that HMO plans are less-flexible in which health practitioners you can visit & often dictate that you remain within a restricted network of providers. What is more, you will be required to visit a primary care physician prior to seeing a specialist. HMO plans are the least-expensive option of the two in most cases because of the low levels of flexibility they afford. 
 
Consider a High-Deductible-Health Plan (HDHP) 
You may consider a HDHP if none of your family members are high users of health care services and also if you don't anticipate a large amount of visits to the doctor in the coming year. HDHP premiums are often lower than those of HMO or PPO plans & may entail Health Reimbursement Accounts (HRAs) into which-your-employer deposits money to cater for your health care.

For HDHPs that adhere to IRS requirements, the covered individual is eligible to hold a Health Savings Account (HAS). The funds in HSA & HRA accumulate & roll over to the subsequent year, making this an undoubtedly judicious alternative for lower-users of their health policy.
 
Evaluating alternative plans 
Proceed to evaluate whether alternative plans such as Indemnity Health plan or Point-of-Service (POS) are the correct options for your family. Typically, Indemnity coverage plan is the conventional, non-managed option that liberates you to see any doctor of your preference and reimburses your provider on a fee for service basis. It is the best alternative if you value flexibility and if spending a few extra dollars for a more comprehensive coverage will be a problem. Having coverage this flexible implies immediate treatment for unexpected illnesses or medical emergencies. Indemnity insurance has gradually become less prevalent as the popularity of managed care becomes more amplified.
 
Conversely, a POS option is simply a hybrid-between a HMO and PPO. Just as the case is with a HMO, you will require a primary-care-physician. However, like a-PPO, you will have a large network of relevant physicians for referral purposes. These plans will occasionally be offered by your employer although they are likely purchased individually & will be-priced-between a HMO & PPO.
 
Both POS and Indemnity health plans attract an annual deductible & may incur higher-premiums than other plan alternatives.
 
Premium costs and Cost analysis
Finally, proceed to obtain quotes for each and every type of plan; prior to carrying out a comprehensive cost-analysis of each plan’s premiums against the kind of service you are convinced your family will require, clearly establishing what is the correct health-insurance-plan-for your beloved family. 
In addition-to-cost, for every plan category you will want-to-consider their provider networks, the kind of services covered and out of pocket expenses.
 
Following these tips will aid you establish the ideal health insurance option for your family. But there's no replacement for speaking with a qualified health insurance agent. Call Choice Enrollment at (866) 481-1616 and we'll help you navigate your options. 
0 Comments



Leave a Reply.

    Contact Us

    (719) 481-1616
    5390 North Academy Blvd.
    Suite 220
    Colorado Springs, CO 80918​
    Click Here to Email Us

    Archives

    March 2025
    February 2025
    January 2025
    December 2024
    November 2024
    October 2024
    September 2024
    August 2024
    July 2024
    June 2024
    May 2024
    April 2024
    March 2024
    February 2024
    January 2024
    December 2023
    November 2023
    October 2023
    September 2023
    August 2023
    July 2023
    June 2023
    May 2023
    April 2023
    March 2023
    February 2023
    January 2023
    December 2022
    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    November 2015
    October 2015
    September 2015
    March 2015
    February 2015

    Categories

    All
    Business Insurance
    Dental Insurance
    FAQs
    Financial
    Health
    Health Insurance
    Insurance
    Local
    Safety
    Vision Insurance

    RSS Feed

Navigation

Homepage
Insurance Quotes
Policy Service
Insurance Products
Contact Us
Agent Login

Connect With Us

Share This Page

Contact Us

Choice Enrollment
5390 North Academy Blvd.
Suite 220
Colorado Springs, CO 80918
(719) 481-1616
Click Here to Email Us
Review Us

Location

Advanced Benefits Associates Inc, also known as Choice Enrollment is a licensed insurance provider in the state of Colorado.
Website by InsuranceSplash