Such people have to pay for their own health insurance and those who have low incomes are assisted by the government to get insured. The number of the self employed is much higher than of those who have low incomes and the employed. Hence, the needs for the best health care coverage for this group. Individual health insurance is a fitting option for the unemployed and also the early retirees, the employees of organizations, not offering health care benefits and many more.
Getting the best healthcare plan entails knowing the right health insurance prices offered by the numerous insurance carriers. We will scrutinize some individual health insurance plans below:
• The Health Maintenance Organization commonly referred to as a HMO is an affordable health plan that creates a network of medical specialists, hospitals, clinics, pharmacies and other health care providers in order to offer a comprehensive health care coverage. It is constituted by a high number of professionals in the health industry making it convenient for someone to access medical assistance anytime.
• The Preferred Provider Organization or PPO is much like the above mentioned plan but it has a crucial and advantageous feature that makes it better than a HMO. A PPO individual insurance plan gives you coverage with all health care providers. Meaning, one is free to visit any hospital or any doctor you wish and the insurance plan will pay for the cost. This is particularly convenient and flexible yet still affordable.
• The Fee For Service Plan is the conventional individual health insurance mode of operation whereby one pays for the appropriate medical care they require and then a percentage of the cost accrued is reimbursed.
• The Health Savings Account plan essentially has two coverage plans. The HAS plan which is a tax free savings account whereby the money will be used to pay for the arising medical expenses. The other coverage is the high deductible plan that essentially offers catastrophic coverage and has low premiums.
With such options to choose from, it may get confusing on which the best plan is best suited for you. Some tips that may help you find the best individual health plan with the best health insurance price for you are:
• Your health status. If you are a healthy person, then a high deductible, Preferred Provider Organization plan that is compatible with a HSA is the best choice to make because its meant for those who don’t frequent the doctor and yet require the best individual health care coverage.
• If you are more health conscious and may need preventative health care coverage, a Health Maintenance Organization or a Preferred Provider Organization plan will work well for you.
The best option to find the most viable individual health insurance cover for you and/or your family is to get a health quote whereby you will get specialist advice from professionals. Just enter your zip in the box at the top of the page and get started.
