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How to Choose a Health Insurance Plan: What You Need to Know

December 21, 2018
Are you ready to have health insurance coverage for yourself and your family? If so, learn how to choose a health insurance plan here.
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If you and your family are currently uninsured, you’re not alone. Millions of Americans live without health insurance. But health insurance is the only way you can guarantee medical care for your loved ones. If you feel ready to sign up, you’re making a great decision for your future.

We understand that selecting the right plan for your needs may feel stressful. With all the options available, it can seem like a daunting task!

Don’t worry. We’re here to help you de-stress.

Keep reading to learn how to choose a health insurance plan that’s perfect for you and your family. Let’s get started!

How to Choose a Health Insurance Plan: The Basics

If you want to know how to compare health insurance plans to find the right fit for you, it’s best to start with the basics. Let’s compare health insurance plans by type.

Health Maintenance Organization

An HMO plan is largely based around a primary care physician. This means that you’ll need a referral from your PCP to see a specialist or receive any medical procedures. Generally, these plans offer low out-of-pocket expenses.

Preferred Provider Organization

A PPO works for those who want a little more freedom. In these plans, you don’t need a referral from your PCP to see a specialist, and you’ll have access to more providers. You may also visit doctors who are outside of your network, but it will be more expensive.

Exclusive Provider Organization

In an EPO plan, your out-of-pocket costs may be lower, but you’ll have to stay in your network. But you don’t need a referral to see a specialist doctor or receive a medical procedure.

Point of Service Plan

With a PSP, you’ll need a referral to see an out-of-network doctor. In-network care is less expensive. Your primary care doctor coordinates all your care and refers you to specialists in this plan.

Where to Start

Now that you know the basics, what’s next? Check out these tips on how to pick health insurance.

Call Your Doctor

If your family has a doctor who you know and love, give their office a call to see what kinds of insurance they accept. Visiting a doctor who’s out of your network can result in excess fees.

If you don’t have a doctor, look for a plan with a big network. This will give you more choices.

Compare Costs

Each health insurance plan you look at should clearly outline out-of-pocket costs for you and your family. When choosing health insurance, make sure to compare these costs to find the most affordable option.

Wrapping Up

As you can see, figuring out how to choose a health insurance plan that suits your family isn’t as stressful as it seems. If you break down the basics and follow the tips above, you’ll get the health care you need and deserve.

Remember to choose a plan that your doctor accepts if you already have one, or a plan with an extensive network if you don’t. Compare the out-of-pocket costs for plans in your area to get the best deal possible.

Do you have any questions about group insurance solutions? Contact us anytime. We’re here to help!