Medical Insurance
Let's face it--in today's world, health insurance is a necessity. With medical expenses soaring higher and higher, paying
for them could have you digging deep into the pockets of your jeans. Lot’s of people do not have insurance in place
before they receive a diagnosis. Everyone seems to know someone with Cancer or maybe you’re a Cancer survivor.
Ideally, you know the best time to buy is while you’re healthy. You should know that NO coverage is wrong for anyone
but NO coverage is always right for everyone. You may not qualify for some policies, there may be some policies that
are not the right amounts of coverage for you or the price may just not be right for your situation. Our job is to help you
evaluate your options and find a suitable solution for you.
Health insurance plans generally fall into one of two categories: indemnity plans (also known as reimbursement plans)
and managed care plans such as health maintenance organizations (HMOs), preferred provider organizations (PPOs),
and point of service (POS) plans. No matter which type of health insurance you buy, you'll need to make sure it offers
the right kinds of coverage.
What types of Health Insurance are available?
There are several insurance options available to you and to just name a few:
Work: You may have an option to join your company’s group plan.
State High Risk Plan: This can be expensive but if you can afford it then it is better than having no insurance at all.
Healthy Indiana Plan: Subsidized health protection for those who can least affordit.
Defined Benefits Plan: If you have other coverage this plan can overlap with it. Itis compatible with several plans.
Major Medical Plan: If you have been diagnosed with cancer but have been cancer free for 12 months this plan might
be suitable for you.
What should be covered?
A good health insurance policy contains several types of coverage. Hospital expense insurance pays your room, board, and incidental services costs if you're hospitalized. Surgical expense insurance covers surgeons' fees and related costs associated with surgery. Physicians' expense insurance pays for visits to a doctor's office or for a doctor's hospital visits. Major medical insurance offers extremely broad coverage with a very high maximum benefit that's designed to protect you against losses from catastrophic illness or injury.
What might be covered?
When comparing health insurance plans, check to see if they provide additional benefits that you may need, including:
• Prescription drugs
• Preventive care
• Mental health benefits
• Maternity care
• Vision care
What will it cost?
In addition to the monthly premium expense, you may have other out-of-pocket costs. These costs can really add up, especially if you have children or other family members who visit the doctor frequently. Check to see if the health insurance plan you're considering requires you to pay any or all of the following:
• Co-payment: The amount you'll have to pay each time you visit a health insurance provider (generally required by HMOs).
• Deductible: The amount you'll have to pay toward your medical expenses (usually annually) before the insurance company begins to pay claims (generally required by indemnity plans).
• Coinsurance: The percentage of your medical costs you'll have to pay after you reach any deductibles that apply.
When you call us:
One of our agents would be happy to sit down with you and evaluate your situation and show you what options we have available for you. So we can accurately evaluate your situation it is helpful for us to know:
• Your Financial Situation
• Your Household Size
• Your Employment Status
• Your Health History
• All medications you have been on in the last 5 years