This article covers private health insurance list of medical insurance companies Plans. The Affordable Care Act (ACA) ushered in a whole new world for people who need individual insurance. Before the ACA, you could be denied insurance because of a pre-existing condition—even something as minor as acne. Your premiums and deductibles were determined based on your health and gender. In addition, few plans offered maternity care or mental health services, and there was no guarantee your plan would be renewed each year.
If you’re in the market to buy individual insurance, here’s how to get started.
Visit the exchange. The online health insurance exchange available in your state provides a one-stop shopping experience for individual health insurance. There you can see what’s offered in your area and compare premiums, out-of-pocket costs, and deductibles.
You may also be eligible for a subsidy to help pay your premium; about 85% of people who shop on the exchanges are eligible. However, if you buy your health insurance through a broker or directly from the insurance company, you are not eligible for a subsidy.
Compare the metals. There are five levels of plans on the exchanges: bronze, silver, gold, platinum and catastrophic, all with different deductibles and coverage. The more expensive the metal, the more expensive the plan. Bronze, for instance, has the lowest premiums and covers 60% of medical costs. Platinum is the highest, covering 90% of medical costs.
Catastrophic coverage, available to those younger than 30 years of age or people with certain hardships, has the lowest premiums but the highest deductibles. It also covers less than 60% of the cost of care. These plans are designed to protect you from the costs of major accidents or illnesses.
Consider your health. Don’t focus only on the premium and deductible when choosing a health plan.
If you have one or more medical conditions that require ongoing care, such as diabetes or heart disease, you want a plan with a lower deductible and lower copayments. You’ll pay a higher premium, but your overall out-of-pocket costs may be lower.
For instance, if the lowest premium is $150 a month for a plan with a $3,000 deductible, and another plan’s premium is $200 a month with a $1,500 deductible, you’re better off with the second plan if you anticipate needing more than $1,500 in medical care.
By choosing the higher premium plan, your total annual cost for the premium and deductible comes to $3,900, a $900 savings over the lower premium plan.
Plus, consider your costs after you meet your deductible. If your medical costs last year after meeting your deductible were $5,000, then a bronze plan that covers 60% would pay only $3,000. A gold plan, however, would pay $4,000. Does that extra $1,000 out-of-pocket cost justify the bronze plan's lower premium and higher deductible?
Review the provider list. Most health plans today have “in-network” providers. If you see those doctors and visit those hospitals, you pay less out-of-pocket than if you go outside the network. So if you want to keep your current doctor and go to a certain hospital, make sure they’re on the provider list.
In some ways, buying an individual health insurance plan is easier than ever. Plans from various carriers may be quickly accessed and compared at your convenience. Online health insurance quotes take seconds. Depending on the coverage you choose, applying and enrollment take only minutes as well.
But don’t be fooled by the easiness. Selecting the right health insurance plan for you and your family is a serious financial decision. Here are six tips for making an online health insurance purchase you can feel good about, whether you are looking for individual major medical, critical illness, short-term medical, or hospital and surgical insurance.
Assess your health insurance needs upon searching for private health insurance list of medical insurance companies
Purchasing health insurance is a financial commitment that can mean paying for more than you need or paying more for what you need if you do not select appropriate coverage.
How long will you need coverage? For instance, if you are newly self-employed, you will want to look into an individual major medical plan. However, you mightconsider a short-term medical plan if you recently lost your job or are in some other temporary situation without insurance and need coverage to get you through the gap.
How do you use health insurance? Do you typically see the doctor for preventive care visits and rely on insurance for the unexpected? Or do you visit the doctorseveral times a year? Consider the medical needs and expenses for every person in your family throughout recent years. List any ongoing medical conditions, surgeries, hospital stays, medications, etc.
Do you anticipate a change in medical needs? If you are planning to have a baby or foresee using health insurance more or less than you have in the past, takethat into consideration as well. Are there hereditary health conditions in your family that you risk developing at this point in your life? That is also something to consider.
Do you need extra protection? Would an ancillary plan that pays lump-sum benefits for hospital stays, surgery, and major illnesses, such as limited medical or critical illness coverage be help you save money?
Know your budget
Look at the entire picture. What can you afford to spend on health care? Consider premium, copay, coinsurance, prescriptions, over-the-counter drugs, services not covered by insurance and any other out-of-pocket medical expenses. Also factor in dental and vision coverage, as well as any ancillary coverage such as critical illness. Knowing how much you can spend will be important when obtaining online health insurance quotes and comparing plans.
Gather information and health history upon searching for list of health insurance companies
At a minimum, you will need to have the birth dates, addresses, and coverage start dates of everyone on the health insurance policy you apply for. A limited medical insurance plan will likely be guaranteed issue, which means no underwriting and instant approval. Individual major medical, on the other hand, will require health histories for each applicant in addition to a certificate of coverage from the previous carrier. You will need to provide information such as:
Surgeries and hospitalizations, including datesthey took place
Medical conditions such as asthma, heart disease, allergies, diabetes, etc.
Prescription drugs taken in recent years, including start/end dates and dosage
Doctor visits in recent years, including dates and reasons seen
Irregular test results
Family medical history, including cause of death for deceased family members
Have this information ready so you can sit down and complete the application without disruption.
Compare plans and premiums
You are not committed to anything by getting an online health insurance quote, so take your time with the decision. Get a few quotes. Once you narrow them down to a few that fit your budget, compare the details closely. Look at premium, coinsurance, prescription drug coverage, deductible, coinsurance, copays, and other out-of-pocket costs. Run the numbers as they apply to your expected use of benefits, and make sure the plan makes sense for your budget as well as your health care needs.
Also look at quality and customer satisfaction. You can compare health plan quality ratings at reliable, independent websites like HealthPocket.com or the National Committee for Quality Assurance’s Health Plan Report Card.
Take the top plans you are considering and examine their provider lists. Will you have in-network access to the doctors, specialists, clinics and hospitals you prefer or that are most convenient for you?
Ask the experts
You will likely have many questions as you go through the process. Ask them before you apply and start paying premiums!
If you wish to use an insurance agent to help you find plans and understand coverage, consult with family members and friends for recommendations. You may also find contact information for licensed agents at your state’s department of commerce or the National Association of Health Underwriters.
If you choose to shop online independently and buy directly from a carrier, you can still ask questions and gather additional information via the website’s chat feature or toll-free phone number.
Click on your state below to get a list of private health insurance companies.
While searching the internet for List Of Private Medical Insurance Companies Plans Benefits be sure to add to your search string the name of your state and city so that you get local save on local search results. For your convenient here is a list of US states and largest cities: in Alabama AL, in Alaska AK, in Arizona AZ, in Arkansas AR, in California CA, in Colorado CO, Connecticut CT, Delaware DE, District of Columbia DC, in Florida FL, Georgia GA, Hawaii HI, Idaho ID, Illinois IL, Indiana IN, Iowa IA, Kansas KS, Kentucky KY, Louisiana LA, Maine ME, Maryland MD, Massachusetts MA, in Michigan MI, Minnesota MN, Mississippi MS, Missouri MO, Montana MT, Nebraska NE, Nevada NV, New Hampshire NH, in New Jersey NJ, New Mexico NM, in New York NY, North Carolina NC, North Dakota ND, Ohio OH, Oklahoma OK, Oregon OR, Pennsylvania PA, Puerto Rico PR, Rhode Island RI, South Carolina SC, South Dakota SD, Tennessee TN, Texas TX, Utah UT, Vermont VT, Virginia VI, Washington WA, West Virginia WV, Wisconsin WI, Wyoming WY. in New York, in Los Angeles, in Chicago, in Houston, in Philadelphia, in Phoenix, in San Antonio, San Diego, in Dallas, in San Jose, Detroit, Indianapolis, Jacksonville, in San Francisco, in Columbus, Ohio, Austin, Memphis, Baltimore, Fort Worth, Charlotte, El Paso, Milwaukee, Seattle, Boston, Denver, Louisville- Jefferson County, Washington, Nashville-Davidson, in Las Vegas, Portland, Oklahoma City, Tucson, Albuquerque, Long Beach, Atlanta, Fresno, Sacramento, New Orleans, Cleveland, Kansas City, UK, Virginia Beach, Omaha, Oakland, Miami, Canadian, Canada, Northern Ireland, Australia, Tulsa, Honolulu, Minneapolis, Colorado Springs, Arlington. AL. AK, AS, AZ, AR, CA, CO, CT, DE, DC, FM, FL, GA, GU, HI, ID, IL, IN, IA, KS, KY, LA, ME, MH, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, MP, OH, OK, OR, PW, PA, PR, RI, SC, SD, TN, TX, UT, VT, VI, VA, WA, WV, WI, WY.
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