We understand that applying for health care coverage on your own can be very complicated. Below is a list of plan types as well as some terms you will see throughout the application process. Understanding these plan types and terms will help you make informed decisions about health care for you and your family. Please note that not all plans are available in all states.
High-Deductible Plans are ideal plans for individuals willing to take additional responsibility for routine health care expenses in exchange for lower premiums. The deductible would normally range between $1,000 and $5,000 in order for it to qualify as a high-deductible plan. These are the most popular and affordable plans for individuals at this time.
Health Savings Account (HSA)
Health Savings Accounts are an excellent choice for individuals and families who want to control their health insurance costs by combining a lower-cost high-deductible insurance plan with their own tax-advantaged savings account. The money placed in the tax-favored savings account can then be used to pay the deductible, or pay for other qualified medical expenses. Plus, the unspent money in the health care savings account roll over year after year; you won't lose what you don't spend by the end of the year.
Copay Plans are designed for individuals and families who prefer the convenience of copay benefits for routine health care expenses. These plans normally have lower deductibles but higher premiums.
Saver Plans provide inpatient coverage and coverage for only the most costly outpatient health care expenses, such as surgery, CAT scans, and MRIs.
Select PPO (Preferred Provider Organization) Plans
Select PPO Plans provide high quality care for the lowest premium by accessing a defined network of respected physicians and hospitals. This doctor and hospital PPO offers savings on every visit to any network provider.
"Any Doc" PPO Plans
“Any Doc” PPO Plans provide the flexibility to choose your own physician while saving money with the preferred rates of our prominent nationwide hospital network.
Managed Indemnity (Fee-for-Service) Plan
Managed Indemnity Plan offers you comprehensive major medical coverage with the flexibility to select the doctors and hospitals of your choice. Sometimes referred to as an 80-20 plan.
Premium is the amount an individual will have to pay each month for health care coverage.
Deductible is the set amount of money an individual will have to pay each year before the insurance policy starts to pay. Typically, the higher the deductible, the lower the premium.