When choosing from the top health insurance providers, there are several considerations to bear in mind including financial ability, customer satisfaction scores, claims quality, product rates, policy options, coverage benefits and provider choices.
There is no one “best” health insurance provider, but the right one for you depends on the type of health insurance you need, your budget and what’s available in your area.
When you search for health insurance you have options. If you buy from the market in your state or from an insurance broker, you can select from health policies that are grouped by the amount of coverage they offer: bronze, silver, gold and platinum. Bronze plans have the least coverage, with gold plans providing the most coverage. If you’re under 30, you may be eligible to choose a highly deductible, catastrophe package, too.
How diverse are the plans? For the average enrolled citizen, each pays a fixed share of the costs. The specifics will vary according to schedule. Moreover, deductibles — the sum you pay until the insurance takes up 100 per cent of the healthcare expenses — differ according to price, usually with the lowest payment having the highest deductible.
Platinum: covers 90 per cent on average of your medical costs; you pay 10 per cent Gold: you pay 80 per cent on average of your medical costs; you pay 20 per cent Silver: you pay 70 per cent on average of your medical costs; you pay 30 per cent Bronze: you pay 60 per cent on average of your medical costs; you pay 40 per cent Catastrophic: catastrophic policies pay after you have reached very high deductible. Catastrophic plans must also cover the first three visits to primary care and preventive care free of charge, even if you have not yet met your deductible.
One or more of these four specific types of plans can be provided by each insurance brand: Health Maintenance Organizations (HMOs) Preferred Provider Organizations (PPOs) Exclusive Provider Organizations (EPOs) Point-of-Service (POS) Plans High Deductible Health Plans (HDHPs), which may be related to Health Savings Accounts (HSAs) Take a minute to learn how these plans vary. Being familiar with the types of plans will help you pick one that fits your budget and meets your health needs. To learn the details of a particular health plan for a company search for a benefits overview.