Unfortunately, we will all end up needing to see a doctor at some point in our lives, whether it’s for a simple cold, a broken bone, a pregnancy, or one of the countless other reasons. Having health insurance is an important way to make sure that you and your family are taken care of, both in the event of an emergency and to help maintain your health.
Should you not be insured through your employer, individual and family health insurance policies are available – though coverage is not always guaranteed. Individual health insurance plans are very similar to group plans, and include the following:
- PPO (Preferred Provider Orangization): PPO plans allow you to choose a doctor or physician from within a network of trusted sources, but also give you the option of seeking a professional outside of the network, though there are additional costs incurred.
- HMO (Health Maintenance Organization): HMO plans deliver a network of physicians within you must choose to see, and will not allow you to seek a professional outside of the network.
- HSA (Health Savings Account): An HSA plan gives you the opportunity to set aside funds from your paycheck each month, tax-free, to use for any type of medical care you would like.
- POS (Point-of-Service): A mixture of both the PPO and HMO plans, the POS requires you to choose a primary case physician from inside your network, but also allows you to see professionals from outside the network, should you choose to do so.