Velocity Care provides insight on how to shop for a health care plan
In the market for a new health care plan? With medical expenses at an all-time high, it’s important that your insurance plan fits your needs. Finding the right coverage for you and your family can be difficult and expensive.There are several different types of health care plans that generally fall under one of two categories: indemnity plans and managed care plans.
Knowing more about the types of health insurance that are available can help you manage medical expenses and ensure you get the right care.
Also referred to as reimbursement or fee-for-service plans, indemnity plans allow you to dictate your own health care and visit almost any doctor, specialist or hospital you like. The insurance company does not require you to choose a primary care physician, but may require you to pay upfront for services. You must submit claims for reimbursement.
The insurance company will typically pay your claims at a set percentage of the usual, customary and reasonable rate (UCR) for the service. The UCR rate is the amount health care providers in your area charge for any given service.
Managed care plans
These involve an arrangement between the insurer and a selected network of health care providers. These types of plans include:
- Health maintenance organizations (HMOs).
- Preferred provider organizations (PPOs).
- Point of service plans (POS plans).
Managed care plans provide much broader medical coverage, but require you to have a set primary care physician that is in-network, and they typically cover very little to none of the services provided outside the network.
No matter what policy you choose, make sure it provides the right kind of coverage you need. A good insurance policy contains coverage for:
- Visits to urgent care clinics.
- Laboratory services.
- Service costs if you’re hospitalized.
- Costs associated with surgery.
- Preventive care.
- Some prescription drugs.
Other benefits to consider when choosing an insurance plan might include maternity care, vision care, dental care and mental health benefits.
Out-of-pocket costs such as copayments, deductibles and coinsurance are also things to consider, especially if you have children or other family members who have health issues.
Velocity Care Urgent Treatment Center offers competitive prices for our self-insured patients as well as participation in our value card plan to help keep costs down. For more information on what insurance policies we accept and to learn more about our value card plan, please visit www.velocitycare.com/insurance today.
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