Enrolling in a new healthcare plan can be overwhelming. Each plan seems to offer different benefits, co-pays, deductibles, and coverage. While evaluating the plan that’s right for you, it’s important to become aware and educated about your options.
Types of Health Insurance
Most insurance plans fall into one of two categories, PPOs or HMOs. A PPO, or preferred provider program, allows you to choose your doctors, hospitals, and clinics but also offers discounts for choosing an in-network provider. HMOs, or health maintenance organizations, are often less expensive but require you to use only in-network providers and may not cover out-of-network expenses except for emergencies.
Each plan will offer differences in deductibles, co-pays, prescription drug coverage, special health conditions, and requirements for pre-approval for certain procedures.
Don’t Forget Dental and Vision
Eye and dental care are integral to a healthy lifestyle. Vision problems can interfere with work or daily life and can sometimes lead to falls or accidents. Tooth and gum problems can not only be painful but can aggravate other health conditions. Moreover, good dental health is closely linked to positive self-image.
Vision insurance can help pay for checkups and give you discounts on eyeglasses or contact lenses. Dental insurance can also help with preventative care and special procedures, including orthodontic care. Today, you can choose between traditional metal braces or new technologies such as removable clear retainers. Invisalign is a great option for self-conscious teens because of its low profile. They are also beneficial for working adults who want a bright smile while straightening their teeth.
Most insurance plans don’t cover everything. You’ll have deductibles, co-pays, and other out-of-pocket expenses such as over-the-counter medications. To help pay for these, there are a couple of options. A health savings account (HSA) is an IRS program that allows you to save tax-free for qualified medical expenses, and any remaining balance at the end of the year rolls over. Many employers will offer an HSA.
Short-term disability insurance is also a good investment because it can pay health and living expenses if you’re sidelined because of an injury or illness. These insurance policies are often offered by employers but can also be purchased separately.
Finding the right health insurance is an important choice. With the right plan, you can rest assured that you’re covered for emergencies. Even more, your health insurance plan will encourage preventative care to keep you healthy.
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