Is there anybody who would reject free health insurance? While for now that option is a pipe dream, there are plenty of other great low-cost alternatives. By thoroughly researching your insurance options, you put yourself in a better position to choose the correct healthcare for your needs.
The insurance plan that provides the most flexibility is a Preferred Provider Organization (PPO). With a PPO You will not be required to get a referral from your primary physician to be seen by a specialist. The plan provides coverage for medical providers both in and out of networks.
Another great insurance option that will save you money is an Exclusive Provider Organization (EPO). With an EPO, you are required to use providers within your network in all cases except emergency medical treatment. You do not need a primary care physician’s referral to see a specialist with this plan.
A Health Maintenance Organization (HMO) offers big savings but restricts your medical choices. The plan resembles free health insurance in that it does not require a deductible. With an HMO, make sure that providers are within your network.
To qualify for a Health Savings Accounts (HSA), you will need a high-deductible policy and no other health insurance. The plan allows you to save money for medical expenses and is ideal for covering emergencies. An HAS is perfect for small businesses.
A Point of Service (POS) plan requires you to select a primary care physician. The physician handles ordinary check-ups and common medical treatments. If you need to see a specialist, a POS gives you freedom to choose the one you want to see.
The final insurance option is a Fee For Service (FFS). Requiring you to make an initial payment for your medical costs, a FFS plan results in compensation from your provider.
Choosing the right insurance plan for your personal needs can be tricky. Just because a plan works well for a friend or family member does not mean that the plan is right for you. Everybody wants free health insurance, but picking a plan that fits your lifestyle is most important.
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