As a single person, you need to have a health insurance policy in place to handle your medical needs. An individual health plan is similar to a family plan; however, it only provides coverage for one person. An individual plan is a necessity when you are a single person, whether you live with someone else or not. It is important to note that in order to qualify for a family plan you generally must be married or have legal dependants, such as children.
Tips for Buying Individual Health Plans
Individual health plans provide you with a variety of services to meet your medical needs. You will want to choose a plan that includes all of the coverage you need while still fitting your budget. Keep in mind that while a particular plan may look less expensive, you need to review the many details of the policy to find out about any hidden costs. For instance, you may find that the policy is not expensive but you have a high deductible that you must meet before your insurance benefits take effect.
The same holds true for insurance co-payments. A co-payment is the out-of-pocket payment that you must make each time you visit the doctor. Sometimes a policy may seem affordable but in actuality, you will have to spend a lot of money just to see your healthcare provider. Another hidden expense can be the costs of seeing doctors out of your network. Review the policy to verify how out-of-network care works and make sure that your preferred doctor is included in the network.
Differences Between PPO and HMO
There are two main types of health plans to choose from including PPO and HMO plans. It is helpful to understand both types so you can decide which health plan will best fit your specific needs.
Health Maintenance Organization – HMO
When you choose an HMO you will get to pick your primary care physician (PCP). The PCP is selected from a list of available doctors within the plan. The PCP is your main doctor, and you will always visit this physician first for any medical conditions that you have, except for emergency care. If you require a specialist, the PCP must provide a referral in order for the care to be covered as part of your health plan. The specialist will also be part of the HMO network.
Preferred Provider Organization (PPO)
A PPO is typically a more comprehensive plan when it comes to choosing your doctor. A PPO allows you to select any doctor, not just the physicians that are in-network like you must do with an HMO. It is also important to note that you don’t have to go to your own doctor first to get a referral to a specialist when you have a PPO plan. Naturally, PPO plans are typically more expensive than HMO plans. Premium payments for PPO plans are usually higher than a similar HMO plan.
It is critical to review all of the aspects of each insurance plan to determine the one that is best for your particular needs. At Fast Health Quotes we are here to help you find the best and most affordable health insurance plan. Call Fast Health Quotes at 855-244-9579 or contact us online for a fast, free quote and help with your healthcare needs.