Health Insurance
Given the option, most people would prefer to have their employer provide group health insurance coverage. If this is not an option for you, it is still important that you seek coverage. Working with Grapeville Agency, you may be pleasantly surprised to find a wide variety of affordable individual and family health insurance options. Put broadly, the major differences concern choice of healthcare providers, out-of-pocket costs and how bills are paid. Individual and family health insurance plans are usually described as either “indemnity” or “managed-care” plans. Typically, indemnity plans offer a broader selection of healthcare providers than managed care plans. Indemnity plans pay their share of the costs for covered services only after they receive a bill, which means that you may have to pay up front and then obtain reimbursement from your health insurance company. Managed-care health insurance plans include Health Maintenance Organizations (HMO), Preferred Provider Organizations (PPO) and Point of Service (POS) plans. In managed-care, healthcare providers within a network agree to perform services for plan patients at pre-negotiated rates and will usually submit the claim to the insurance company for you. In general, you'll have less paperwork and lower out-of-pocket costs with a managed care health insurance plan and a broader choice of healthcare providers with an indemnity plan. Grapeville Agency will help you decipher the details from the small print of these plans. Issues like choice of a primary care physician, co-payments, annual deductibles, out-of-pocket healthcare expenses, referrals, prescription drug coverage, coinsurance and claims processing will all weigh into your decision when choosing health insurance coverage that is right for you and your family. Grapeville Agency will make sure you fully understand all of your options.
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