While affordable health insurance seems to be impossible to find, Health Plan One offers a variety of resources to empower you to obtain low cost health insurance. Let our years of experience help you get in best deal to meet your insurance needs. Some of your questions may be addressed in many of our FAQ pages, or in our large selection of available articles. For example:
There are many costs involved in health insurance so be sure to check all these major expenses before you purchase your health insurance policy.
Health Plan One makes it easy to quickly find out just how much a policy will cost you and shows you upfront all costs involved with a plan. You can even compare plans side by side to quickly determine which policy works best for you. We offer policies in the following categories:
To see what's available in your area view our state map of affordable health insurance to receive state specific information. Or you can simply enter your zip code above to quickly get an online insurance quote tailored to your specifications. Here are a few samples of quotes we've given out already:
This is usually the most important of the financial figures. It is the amount that you pay every month to maintain your coverage. If a low monthly premium is vital to creating your affordable health insurance policy, then you may obtain a plan that has a higher copay or deductible. For instance, higher deductible policies will lower your premium but you will have to pay more money out of your pocket before insurance begins.
This is the amount your carrier expects you to pay toward your medical expenses typically 20-30% for in-network providers. The coinsurance amount is typically 20% higher for out-of-network providers. The coinsurance maximum is the limit on how much coinsurance you might have to pay each year.
Doctor Visit Copay
The Copay is the amount you pay each time you visit the doctor. This figure varies widely depending on the plan you choose. If you or your family frequently visits the doctor, then obtaining a plan with a low copay should be a priority in your affordable health insurance policy. However, your plan may have a high deductible.
Prescription Benefit and Copay
Some plans do not include prescription drug benefits. If coverage is included, the copay is the amount you will pay per prescription. The copay often differs depending on if the drug is a generic, preferred brand or brand drug. Some who are continuously purchasing the same medication for extended periods of time financially benefit from an affordable health insurance policy that has a low prescription copay.
This is the annual amount of medical expenses that you are responsible for before your insurance begins paying. Usually, prescription drug copays mentioned above do not go towards this deductible. An affordable health insurance policy for you should have a reasonable annual deductible that works for you.
Lifetime Maximum Coverage
This the amount the health plan will pay out over your lifetime. Typically it is $1 million to $5 million. With the high cost of medical care it can be beneficial to have a higher coverage amount. Quite often the higher the maximum coverage the more your premium will rise. When looking for an affordable health insurance policy, always be sure to check this figure as what may seem like a good deal could leave you stranded in the long run.
Out of Pocket Annual Maximum
Out of pocket maximum is the most you will be expected to incur annually. It is the sum of your deductible and maximum coinsurance amount. Any affordable health insurance plan will clearly state the maximum amount you will pay in a year. This figure has a huge impact on the total cost of your policy in the long-term and should not be ignored.
One of the most underutilized tools in obtaining an affordable health insurance policy is the use of a Health Savings Account (HSA). A Health Savings Account, or HSA, combines high deductible health insurance with a tax-favored savings account, similar to a 401(k). Money in the savings account helps pay the deductible. If the deductible is met, the insurance starts paying. Money left in the savings account earns interest and is yours to keep or spend on qualified medical expenses. There is no “use it or lose it” restriction with an HSA. If you contribute money to your HSA account, your health coverage could be FREE! Continue to our sections on Health Savings Accounts to learn more about how to use a HSA to create an affordable health insurance policy.