Buying a health insurance policy is a big decision, and not one to be entered into lightly. Before you commit to a plan, make sure it meets all your healthcare needs.
Know your plan types
A knowledgeable health insurance broker can go through the different plan types with you, including PPO’s, POS’s, EPO’s, and HMO’s. They can review the potential costs and benefits of each, out-of-network coverage, and more.
Know your health insurance terms
Before you choose a health insurance plan, you need to know what the deductible, premiums, co-insurance, co-pays and out-of-pocket maximums are. But before that, you actually have to know what those terms MEAN. A health insurance broker can break them down for you.
Know your networks
Most health insurance plans have a network of providers that they operate within. It’s important to know if the doctors you see are in this network, or if you will have to choose different ones to minimize your out-of-pocket costs.
Know your ACA status
Is the plan you’re considering available on the health care exchange under the ACA (Affordable Care Act)? This is crucial information, since ACA plans have to meet certain standards that non-ACA plans don’t.
For more information, contact your health insurance broker today.