Category: Health Insurance

When choosing a health insurance plan, it’s essential to consider your healthcare needs in Ankeny, IA. Not all coverage plans are the same; some may better suit your and your family’s needs than others. Maschoff Insurance details factors you should consider when selecting a health insurance plan that fits your needs.

Health insurance plan types

To choose a health insurance plan, it is important to understand the different types available, such as Health Maintenance Organization (HMO), Preferred Provider Organization (PPO), and Point of Service (POS), which are the most common types of medical coverage plans.

Different plans have advantages and disadvantages, which depend on your location, the network of doctors and hospitals available to you, and the overall cost. An HMO plan may be the most cost-effective, but it has a limited network of healthcare providers you can visit. A PPO plan offers a larger network of providers but is more expensive than an HMO. Meanwhile, a POS plan is a mix of both and allows you to get treatment from out-of-network providers but at a higher cost.

Deductible, copay, coinsurance

A deductible is the money you pay out of pocket before your healthcare plan kicks in. A copay is a fee when you visit a provider or undergo prescribed treatment. Coinsurance is the percentage you pay for medical expenses to supplement your medical coverage. When choosing a health plan, note how each helps you manage out-of-pocket expenses. In short, always ask what your deductible, copay, and coinsurance rates are in any plan you’re considering to help decide whether those plans are affordable.

Reach out to us

Maschoff Insurance is here to help you choose the correct health insurance plan for your healthcare requirements in Ankeny, IA. Contact us today.

It can be difficult to understand the complex system that is health insurance. There are many different types of plans with many different levels of coverage. Maschoff Insurance in Ankeny, IA is here to help guide you through the different types of health insurance plans.

Here are the four most common types of health insurance plans:

HMO

A Health Maintenance Organization plan has a network of doctors and hospitals that you can see. You will need a referral from your primary care doctor to see a specialist. You will have lower out-of-pocket costs with this plan than with others, but your choices for doctors and hospitals are more limited.

PPO

A Preferred Provider Organization plan also has a network of doctors and hospitals that you can see. Unlike an HMO, you do not need a referral from your primary care doctor to see a specialist. You can also see doctors and hospitals outside of the network, but it will cost you more money. 

EPO

An Exclusive Provider Organization is very similar to a PPO, except that you can only go to doctors, hospitals, and other providers in the EPO network. You cannot go out-of-network at all without paying 100% of the costs yourself. 

POS

A Point-of-Service plan is a type of health insurance that has characteristics of an HMO and a PPO. With this type of plan, you have a network of doctors and hospitals that you can see. You’ll need a referral from your primary care doctor to see a specialist. However, you also have the option to go outside of the network if you are willing to pay more for the services. 

Get Health Insurance Today

Now that you know a little bit more about the four most common types of health insurance plans, you can start to narrow down which one might be the best fit for you and your family. If you still have questions or would like help finding the right plan for your needs, contact Maschoff Insurance in Ankeny, IA today.

You’ll not make a better decision in your life than investing in health insurance. Even if you’re healthy today, you may fall ill in the future, more so as you advance in age.

In such times, your health insurance policy will cover your medical expenses, saving you from the ever-rising healthcare costs in the U.S.

As insurance experts from Maschoff Insurance in Ankeny, IA, will tell you, investing in health insurance is an excellent plan because of the following reasons:

You’ll Avoid Paying Huge Hospital Bills

Generally, healthcare costs are high in most states, and Iowa is no exception. If you don’t have health insurance, you’ll feel robbed every time you have a medical expense.

When you have big hospital bills, you may have to draw from your savings. But with a good health insurance plan, all your hospital expenses will be fully covered.

Saves Your Family From Mental and Financial Distress

When you fall sick, your immediate family members get concerned. Especially if you get admitted to the hospital for a serious disease, your family may worry sick.

But when they know that your hospital bills are covered, they’ll not have financial distress. This will allow them to seek the best healthcare services for you so you can recover fast.

Complements Employer-Sponsored Health Insurance

You can buy health insurance to get extra coverage on top of your employer’s plan. Your employer-provided health insurance may not provide the coverage you seek, or you may have added a dependent who is not covered under your current plan.

Speak to a Professional at Maschoff Insurance in Ankeny, IA

When buying health insurance policies, you’ll benefit from the knowledge and experience of insurance experts at Maschoff Insurance.

You can trust that we will get you a health insurance policy that works best for you and your family. Give us a call today, and we’ll take it from there.