In today’s world of skyrocketing medical costs, health insurance is a necessity. But you don’t have to pay an arm and a leg to get it. Here’s how to get the best rate on Illinois health insurance.
Types of Health Insurance
There are two types of health insurance plans – indemnity plans (also known as fee-for-service plans), and managed health care plans (HMOs, PPOs, and POSs)
Indemnity allow you to use the doctors and hospitals of your choice. These plans reimburse you for all or most of your medical expenses after you pay a deductible of $500 to $2,000. Indemnity plans are the most flexible health insurance plans and the most expensive plans.
Managed Health Care Plans
Managed health care plans assign you to a network of doctors and hospitals that you must use for your medical care. These plans pay for all your medical expenses, and you’re responsible for paying a co-payment of $5 to $10 per doctor visit. Managed health care plans are the least flexible and the least expensive health insurance plans.
Which Plan is Best?
The best health insurance plan is a plan that will give you the coverage you need at a price you can afford. Before you purchase a health insurance plan make sure it pays for:
* Visits to a doctor’s office and for a doctor’s hospital visits.
* Hospital room and board plus other hospital expenses.
* Surgeons fees and surgical costs.
* Prescriptions drugs
* Any medical expenses you now need or think you may need in the future.
Best Rates on Illinois Health Insurance
In order to get the best best rate on Illinois health insurance, you need to shop around and get several rate quotes from different companies. The easiest way to do that is to go to an insurance comparison website.