At Redden Insurance Agency in Bradley WV, we offer all kinds of health insurance. We will admit that health insurance is one of the most complex types of insurance because the coverage depends on different factors.
It may sound simple, but making the choice is not always as simple as it sounds. That’s why we will advise you to find out the following things before you make a choice.
1. Consider the 4 metal categories
There are 4 metal categories of health insurance plans. They are Platinum, Gold, Silver, and Bronze. These categories indicate how the cost of healthcare services for you and your family will be shared between you and your health insurance provider.
Many people erroneously believe that it has to do with healthcare quality. No, it has nothing to do with the quality of healthcare services. So, take the time and choose wisely.
2. Plan Vs. Network type
Some of the common network types are EPO, POS, PPO, and HMO. While some plans will restrict you to the use of medical services within your insurer’s network, others do not restrict you but may cost you more. It is because using on-net services will cost your insurer much less.
So, it is left for you to choose what is suitable for you and your family. Check all the medical facilities that are within your insurer’s network. Consider their geographical spread. This is necessary in case you have a kid that is studying in another city or state.
3. Your total cost of healthcare
Do you want higher premiums and lower deductibles or the reverse? Premium is the amount you pay to your insurance company every month whether you use any medical services or not. On the other hand, a deductible is an amount you will pay out-of-pocket for a certain medical service before your insurer adds theirs. You only pay a deductible when you enjoy medical services. So, you need to weigh both options before making a choice.
If you are still confused, you can schedule an appointment with us at Redden Insurance, and we will help you make the best choice for you and your family.