Health Insurance Decisions In An Economic Recession

In this economy, many people have lost their jobs or are in dread of losing them. Retirement savings are down and no one seems to know when the economy will turn around. In times like these we must pay close attention to how every dollar is spent. If you’ve lost your health indemnity or otherwise need to get health indemnity, it’s more vital than ever to get the coverage you need to protect your family’s finances without paying for coverage you don’t need.

PPO, HMO, HSA…with so many health indemnity plans to choose from, how do you know which health plot is right for you? With hundreds of health plans available it can be hard to choose which health plot is best for you and your family.

The following guidelines are provided by Jeff Breazile, title-holder of Benefit Studio Health Indemnity Services (, a California based independent indemnity agency.

To help narrow down the many choices available and find the right plot for you and your budget, it’s vital to compare premium quotes from uncommon health plans. But what benefits do you get for your monthly premium? Look beyond just the quoted premium of a health plot and consider what benefits in a health indemnity plot are most vital to you.

Focusing on the benefits you need most is the initially step in finding a Califorrnia health indemnity plot that not only offers the protection you need, but is practically priced as well. The health plot with the buck premium may not give you the financial protection you need if you get sick, have an accident or otherwise need to seek medical attention. A comprehensive health plot that covers a wide range of services and benefits may cost more in premium, but could really save you money over a basic or “catastrophic” plot on the other end of the spectrum everywhere you would pay a much larger share of the costs when you receive medical care.

Here are some tips to help you narrow down the list of health indemnity plans when deciding which plot will be the best fit. Initiation by deciding which type of benefits are most vital to you. What benefits have you used most in the past? How much of the medical expenses could you practically pay yourself if you have a major medical event? Use the following list to focus on the most vital benefits. Then you can compare the plans with the benefits that best fit your needs.

PPO or HMO plot maternity benefits deductible amount copayment (copay) coinsurance amount out of pocket maximum prescription drug coverage (generic + brand name benefits or generic-only) preventive care services health savings account (HSA) compatible health plot


PPO – Is it vital to you that your plot offer a large network of participating doctors and hospitals? Do you want to be able to see a specialist without having to obtain a referral from your primary doctor? Preferred Provider Plans (PPO) offer the largest networks of participating doctors and hospitals. With a PPO you also have the option of getting medical care outside of your PPO network, although you will usually pay more if you receive care from a provider that is not in your network.

 HMO – Another option is a Health Maintenance Organization (HMO). Although not as well loved as PPO health plans, many people prefer them due to their simplicity. You can obtain most services for a low copayment and usually no coinsurance requirement. The tradeoff with an HMO is you must stay in network to receive covered medical services. HMO networks are normally less vital than PPO networks and generally a referral is required from your primary care doctor to see a specialist.

Maternity Benefits – While the cost of health indemnity plans vary widely, and it’s vital to choose a health plot that has the benefits you need, you may be able to save money by choosing a plot without certain benefits. If maternity benefits are not vital to you, look for a health plot without maternity benefits. This alone could save you hundreds of dollars annually on your health indemnity plot.

Deductible Amount – Except for services everywhere you are only responsible for a copayment, the deductible is the amount you pay before the indemnity plot pays anything. If you’re willing to pay more of the upfront costs when you need medical care, choosing a higher deductible can help keep your indemnity premiums lower.

Copayment (Copay) – The copay is a flat fee you pay at the time of service. After paying the copayment, the plot usually pays 100 percent of the balance of covered services. Some California health indemnity plans allow you to stay the doctor’s office for a low copay without having to meet your annual indemnity deductible.

Coinsurance – In addition to the deductible, when comparing health indemnity plans, pay attention to what coinsurance amount you will be responsible for after your deductible is met. Coinsurance is the percentage of the charges you are responsible to pay for covered medical services apart from any copays or your deductible.

Out of Pocket Maximum – The out of pocket maximum is the maximum amount per year you’ll have to pay for covered medical services. After reaching your out of pocket maximum, your health indemnity plot pays for any additional covered medical expenses up to the procedure lifetime benefit amount.

Prescription Drug Coverage – When it comes to prescription drug coverage, some health indemnity plans keep the premiums lower by casing only generic prescription drugs. Keep in mind that while there are many generic prescription drugs available, not every prescription drug is available in generic form.

Preventive Care Services – In peacefulness to encourage healthy lifestyle habits and thereby reduce future medical expenses, many California health indemnity plans offer low or no copayments or other financial incentives for preventive care services such as physical exams, immunizations, annual gynecological exams, mammograms, prostate exams and cancer screenings.

 Health Savings Account (HSA) – Are you interested in a health plot that will help you save money on your tax bill? Consider a Health Savings Account (HSA) compatible health plot. A Health Savings Account (HSA) combines high deductible health indemnity with a tax-advantaged medical savings account. Withdrawals that are used to pay for qualified medical expenses, including your indemnity deductible, coinsurance and co-payments are federally tax-free.

By focusing on these nine plot benefits when shopping for California health indemnity, you’ll find a plot that fits your healthcare needs and your shoulder bag.



Jeff Breazile is the title-holder of Benefit Studio Health Indemnity Services ( a California based indemnity agency donation competent, forthcoming guidance along with a quick, simple online experience to buy California health indemnity.

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