Choosing a health insurance plan can be a daunting task. With so many options available, it can be difficult to know which plan is best for you. Fortunately, there are a few key things to consider before comparing plans that can make the process easier. The first step is to understand the different categories of health plans.
The two main types are Health Maintenance Organizations (HMOs) and Preferred Provider Organizations (PPOs). HMOs typically have a strict network of providers and if you see an out-of-network provider, all costs are at your expense. PPOs, on the other hand, allow you to see any provider you choose, but you'll spend a little more each month than with an HMO plan. The next step is to find out where you can purchase health insurance.
If you're self-employed or don't have access to employer-sponsored health insurance, the place to go is Healthcare.gov, where you can buy insurance in marketplaces created by the Affordable Care Act, also known as Obamacare. Alternatively, UnitedHealthcare, the country's largest health insurer with more than 26 million members, offers insurance coverage in nearly every state. HealthiestYou from Teladoc Health is also an option for those who don't qualify for traditional health insurance.When shopping for health insurance, it's important to be aware of short-term plans that may seem attractive because they are usually very cheap. However, these plans often don't cover basic things like prescription drugs or annual checkups.
It's also a good idea to sign up for email (or text) updates with important deadline reminders, helpful tips, and other information about your health insurance.Finally, if you have questions about filing documents, obtaining and changing coverage, your total health care costs, tax options, and more, you can find answers to the most frequently asked questions from the ACA. Additionally, members of some health plans can enroll in health-focused incentive programs such as Healthy Choices rewards program which allows members to earn points by completing specific health activities or reimbursement for quitting smoking when members attend a hypnosis class or session.We evaluated large, small and regional health insurance providers to find the best health insurance companies across the country. This is a start to finish guide that will help you find affordable health insurance either through a state or federal marketplace or through an employer.