> How do I know if I am getting the best price?
> Will using your service cost me anything?
> Will I get a lot of phone calls from insurance agents?
> What is an HMO?
> What is a PPO (Preferred Provider Organization?
> What is Co-insurance?
> What is an HSA?
> Who is eligible for an HSA?
> What are qualified medical expenses?
> Can children over 18 be insured on a family insurance policy?
> How long does it take to apply?
> When will my effective date be?

 

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How do I know if I am getting the best price? (Back to top)
Health insurers are required to file their health plan prices in each state that they do business.  Insurers then must sell each benefit plan at the filed price.  You will not find a health policy on our website at a better price.  Guaranteed.

Will using your service cost me anything? (Back to top)
There are no additional costs to you for using HealthInsuranceForMe.Com

Will I get a lot of phone calls from insurance agents? (Back to top)
No! We have worked very hard so that you can find the health insurance plan that is right for you without being subjected to multiple phone calls from salespeople.

Most sites show every plan that is available (usually hundreds). This makes it very difficult to find the best plan. We have limited most carriers to their 10 very best plans. This way it is easy to find the best fit for your budget.

What is an HMO? (Back to top)
HMOs are plans that provide care for members by contracting with specific health care providers and hospitals. Some HMO plans require enrollees to see a primary care doctor before seeing a specialist. Other HMO plans called “Open Access” allow the member to go directly to a specialist without a referral.

HMO plans often do not include deductibles, but copays are charged per office visit. HMO plans typically allow a member to have lower out-of-pocket healthcare costs.

HMO’s can work very well in large metropolitan areas where the network of doctors and hospitals are vast.

What is a PPO (Preferred Provider Organization)? (Back to top)
A PPO offers both in and out of network benefits. They generally have a deductible which must be met first and then coinsurance which stops after a specific limit.

PPO’s can offer a greater selection of providers but are also usually more expensive in premium and out of pocket costs.

What is Co-insurance? (Back to top)
Coinsurance is the amount that you may be required to pay for covered medical services after you have satisfied any plan deductible. Coinsurance is typically a percentage of the cost involved. If you were to see a network provider and had a bill of $1,000 and your plan called for 20% coinsurance – your portion would be $200 if you had already met your deductible. The Co-insurance is capped of as a total out of pocket expense at which time you the insured will not pay any more than that amount.

What is an HSA? (Back to top)
A Health Savings Account, or HSA combines high deductible health insurance with a tax-favored savings account.  Money in the savings account helps pay the deductible. Once the deductible is met, the insurance starts paying. Money left in the savings account earns interest and is yours to keep.  There is no “use it or lose it” restriction with an HSA.

Many clients choose a High Deductible Plan in order to lower their premium. They then put the money they saved in premiums into a HSA account. If they do not spend the money on healthcare during the year then it is theirs to keep.


Who is eligible for an HSA? (Back to top)
Anyone who is not entitled to Medicare can accumulate tax-favored savings for healthcare needs.  You must have a qualified high deductible plan to receive the benefits.  Such a plan must have a minimum deductible for $1,050 for a single or $2,100 for a family.

What are qualified medical expenses? (Back to top)
HSA savings can be used to pay for many types of medical expenses beyond what is covered by your insurance plan. These expenses include dental services, vision, alternative medicine, long-term care services, prescription drug and certain over-the-counter drugs.

Can children over 18 be insured on a family insurance policy? (Back to top)
Insurance companies will typically insure children of the policyholder through age 23 if they are enrolled as full time students.  Otherwise they are required to obtain their own insurance when reaching age 18.

How long does it take to apply?  When will my effective date be? (Back to top)
For most carriers you can apply online or print out the application, complete it and mail it in.  Once a completed application is received by the insurance carrier, it will typically take about two weeks to be accepted.

Some carriers only have effective dates on the first of the month.  Others will start coverage during the month.  If your requested start date cannot be accommodated by the insurer, you will be alerted online to the available start dates for that insurer.