The Different Types Of Health Insurance Plans

When youýre shopping for your own health coverage, you donýt have to settle for whatever your employer thinks is best. You get the advantage of choosing the right plan for you.

And you have plenty of options.

Types Of Health Policies
There are several kinds of policies for you to choose from. Here are a few of the most popular.

• Preferred Provider Organization: (PPO) Plans are a popular choice for people who value flexibility. A form of managed care, PPOs give you the most savings when you get care from a doctor, hospital or other provider within the planýs ýnetworký. But even if you do choose to receive care from outside the network, your PPO still provides some coverage.
• Health Maintenance Organization: (HMO) Plans are also a type of managed care, and offer you even greater savings. The tradeoff is your choices are more restricted. To get coverage from your HMO policy, you must choose a ýPrimary Care Physician,ý and you must always get care from approved ýin-networký providers. For most people, this is a small drawback compared to the affordability of HMOs ý which often feature no deductible.
• Point Of Service (POS) Plans: combine managed care with traditional health coverage. Just like an HMO, you select a Primary Care Physician to see for routine care. But when you need to see a specialist ý or get a second opinion ý you're free to see any doctor you choose.
• Fee For Service (FFS) Plans arenýt as popular as they once were. These plans are modeled after traditional ýindemnityý insurance. In an FFS plan you pay for your care up front, and are reimbursed by your insurance company after you file a claim.

• Health Savings Account:

  An HSA is a tax-favored savings account set up for you and or your family. Tax-free deposits can be made to the account. Then you can use the funds to pay for current and future health care expenses or accumulate them to supplement retirement income.

  ý The money deposited and the earnings on the deposits are tax-free.

  ý Withdrawals to pay for qualified medical expenses are tax-free.

  ý Unused balances roll over from year to year.

  ý At age 65, withdrawals for non-medical expenses are penalty-free but taxed

    based at current (typically lower) income levels

Not sure which choice is best for you? Let us help. Weýll answer your questions and point you toward the right plan for you. Start comparing plans now with our free online quotes.