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Nobody plans on getting sick or injured. But life is full of unexpected events that force us to seek medical care.
These include everything from a common cold to a more prolonged illness or injury. When these situations
arise, your best financial defense is to have adequate health insurance.
Health insurance can help protect your assets and pay medical expenses but selecting the policy to best meet
your needs can be challenging
Your first health insurance choice may be to decide between traditional health insurance and a managed care
option. Most individual and group policies sold today are managed care contracts. The difference between
the two types of plans affects how you access care. With traditional health insurance, you – the policyholder
– select a health care provider, such as a doctor or hospital. You may have to pay for services when rendered
and then submit the bill to the insurance company for reimbursement of the portion it agreed to pay under the
policy terms. Frequently, the provider will submit the bill directly to the insurer and await payment.
The managed care system combines the delivery and financing of health care services. This limits your choice
of doctors and hospitals. In return for this limited choice, however, you usually pay less for medical care
(i.e., doctor visits, prescriptions, surgery and other covered benefits) than you would with traditional health
insurance. The managed care network controls health care services.
Contact us to schedule a no-obligation appointment to go over the types of plans available and which one may server your needs and fit your budget.