Health Insurance Types and Requirements

Since the passage of the Health Insurance Portability Act, an increased number of individuals have obtained health insurance. Those who are self-employed typically obtain their own insurance.

Health Insurance Coverage Types

Redden Insurance Agency of Bradley WV wants to help you understand the options available to you for health insurance coverage. Not all insurance policies cover the same providers or treatments. You need to consider your family’s health history as well as your own when choosing your level of coverage. Four main types of insurance coverage exist.

  • Exclusive Provider Organization (EPO): This type of plan, referred to as managed care, covers all medical services provided by in-plan doctors and hospitals. The only exception is for emergency treatment.
  • Health Maintenance Organization (HMO): This type of plan provides what people typically think of as traditional health insurance. It pays for medical services provided by HMO physicians within its eligible service area. These may include a prevention and wellness program.
  • Point of Service (POS): This plan type reduces cost of treatment when you use in-plan network doctors and hospitals. To see a specialist, you must obtain a referral.
  • Preferred Provider Organization (PPO): This plan type also reduces the cost of treatment when you use in-plan network doctors and hospitals. You can choose to use outside of network doctors and hospitals, but it will cost more. You can see a specialist without a referral.

Call Redden Today

Learn more about your health insurance options, by talking to Redden Insurance Agency of Bradley WV. Let our insurance representatives help you choose the type of health insurance plan that best fits your budget and health concerns if any.