A one hour visit to the doctor can end up costing you almost $200 out of pocket, which is why health insurance is so helpful to have. With health insurance, you can sleep well knowing that you and your family are protected! Here at Clay Mathis we will guide you through the process to make sure that you are well informed and you pick the right health insurance for your individual needs. Listed below are several common types of health insurance coverage’s:
HMO – is a type of health insurance in which when you sign up you select your primary care physician and you only have access to certain doctors and hospitals in a network. With HMO you usually have lower premiums and upfront costs, low deductibles or non at all, and lower co-payments than other policies.
PPO – Covers the same amount as an HMO but differs because you do not have to select a primary care physician, you may go outside the network of doctors and hospitals, and you don’t always need a referral to see a specialist. But, if you stay within the network of doctors it is less expensive. PPO’s have higher upfront costs that HMO’s
CDHP’s and HSA’s – Are Consumer Directed Health Plans (CDHPs) which often pair PPO plans with a tax advantaged account, such as a Health Savings Account (HSA). For an HSA account one must be eligible. In order to become eligible one must enroll in a HSA-qualified health plan.