What is Individual Health Insurance?
Find the Right Individual Health Insurance Plan
Here at Advanced Retirement Group, we can help you find and purchase the best individual health insurance plan based on your budget and healthcare needs. We offer a variety of plans to choose from, and some people may be eligible for financial assistance to help pay for their premiums.
What Is Covered on an Individual Plan?
A wide range of medical expenses, including preventive care, doctor’s visits, hospitalizations, prescription drugs, and more can be covered with individual insurance plans. The specific benefits covered will vary depending on the plan.
Different Types of Individual Health Insurance Plans:
- Affordable Care Act (ACA) plans: ACA plans must meet certain requirements set by the federal government, such as covering a minimum set of essential health benefits. ACA plans are available to people of all income levels, and some people may be eligible for financial assistance to help pay for their premiums.
- Short-term health insurance plans: These plans are typically less expensive than ACA plans, but they may have fewer benefits and longer waiting periods for coverage to begin. Short-term plans are not subject to the same requirements as ACA plans, and they may not cover pre-existing conditions.
- Medical indemnity plans: Medical indemnity plans offer a different type of coverage than traditional health insurance plans. With a medical indemnity plan, you pay a fixed amount for each medical service you receive, up to your plan’s maximum out-of-pocket cost. Medical indemnity plans may be a good option for people who want more control over their healthcare spending.
Get Individual Health Insurance
If you are considering purchasing individual coverage, it is important to compare different plans to find the one that is best for you and your family. Consider the cost of premiums, deductibles, copays, and coinsurance. You should also consider the specific benefits that are covered and the network of doctors and hospitals that are included in the plan. Don’t try to navigate this healthcare maze alone. Contact us so we can help you find the right plan at the right price. Give us a call today to learn more! 316.687.0044
What is Group Health Insurance?
Group health insurance is a type of health insurance that is offered to a group of people, typically employees of a company or members of an organization. Usually, group plans are less expensive than individual plans because the risk is spread out across the entire group.
Who Can Get A Group Insurance Plan?
Group plans can be offered by employers, unions, professional associations, and other organizations. Employers are not required to offer group insurance, but many do as a way to attract and retain employees.
What Do Group Insurance Plans Cover?
A wide range of medical expenses, including preventive care, doctor’s visits, hospitalizations, prescription drugs, and more are typically covered with a group plan. The specific benefits covered will vary depending on the plan.
Types of Group Health Insurance Plans:
- Preferred provider organization (PPO): PPO plans allow you to see any doctor or hospital, but you will pay less if you see doctors and hospitals in the plan’s network.
- Health maintenance organization (HMO): HMO plans require you to see doctors and hospitals in the plan’s network. However, HMO plans typically have lower premiums and deductibles than PPO plans.
- Exclusive provider organization (EPO): EPO plans are similar to HMO plans, but they may allow you to see out-of-network doctors and hospitals for an additional cost.
- Point-of-service (POS): POS plans combine features of PPO and HMO plans. You will typically pay less if you see doctors and hospitals in the plan’s network, but you will still be able to see out-of-network doctors and hospitals for an additional cost.
It is important to compare different plans to find the one that is best for your business, employees, and their families. Consider the cost of premiums, deductibles, copays, and coinsurance. You should also consider the specific benefits that are covered and the network of doctors and hospitals that are included in the plan.
Get Group Health Insurance For Your Business
If you are a business owner looking to provide your employees with group health insurance, contact us so we can help you determine the correct plan and pricing that will not only benefit you as the employer but your employees as well. Give us a call today to learn more! 316.687.0044
What our customers have to say.
