Choosing the right health insurance coverage is one of the most important decisions you make every year. When you choose wrong, you must live with it for a year, which can be a very expensive mistake. At Harrison Insurance and Financials LTD in Hailey, ID, we take our responsibility to our customers very seriously. As independent insurance agents, we can offer more choices than a single carrier agency.
Is my doctor in the network?
Every insurance company has a network of contracted healthcare providers to provide services at an agreed-upon rate. Not every doctor is in every network. If you prefer a particular doctor, ensuring they are in the carrier’s network you are considering is essential.
What is the yearly deductible?
The yearly deductible is the amount you must pay before your insurance starts to pay for services. High-deductible health insurance policies have become popular because they are more affordable. If you have an FSA and an HSA, it allows you to put money aside pre-tax to pay for medical expenses. This works well with high deductible policies. But, it is a delicate balance between getting the services you need and being able to afford your policy.
What type of managed care is it?
There are three main types of managed care; HMO, PPO, and POS. They all have benefits and drawbacks; you need to understand what each one means to your healthcare. HMOs are the most restrictive but also the most affordable.
You can count on our Harrison Insurance and Financials LTD team in Hailey, ID to be there when you have questions about health insurance coverage.