Providing Solutions to Individual Health Insurance

​If health is wealth, then securing it with health care insurance is a must. Just like how life can be unexpected, so is the health status of individuals. Everyone needs health insurance. Medical care is costly as one gets older, so investing early on with health insurance can lessen the financial burden.

Important Details About Individual Health Insurance
Most people have health insurance from the company they work for, so they are left with no security when they leave. Individual health insurance is only for a specific person. However, there are existing health insurance policies that can be added to cover the family members. Individual health insurance is more affordable than employer health insurance.  

Categorizing Individual Health Insurance
It can be difficult to understand the terms used when getting a health insurance policy. There are also different types of individual health insurance available in the market. Knowing the common ones will help in choosing the right kind of insurance.

1. HMO (Health Maintenance Organization)
   A certain organization directly gives the insured medical care. It is usually the cheapest plan to buy because of less flexibility in choosing hospitals or physicians. A chosen PCP (primary care physician) by the agency will be the one to see almost all of the individual’s health care needs.
   
   
2. PPO (Preferred Provider Organization)
   The insured is given the capability to visit any health provider within the network provided in the policy. There is no need for a PCP which is good for people who do not want the extra load to get a referral. It is expensive because of the freedom it offers to choose a specialist.
   
   
3. Fee-for-Service Plans
   The insured can choose the preferred place for medical treatment in any healthcare facility. There is more freedom in choosing where to obtain medical services but at a higher rate. It is costly but can be a good option because it is paid in predetermined amounts.

Conclusion
Be familiar with the terms and health policies each insurance covers to buy the right one. Each health insurance policy also has different health providers’ networks, so it is better to know who is in these circles.

At Hayek Insurance, we put our clients first by offering them policies that they can afford. Having insurance is a necessity nowadays and we're here to help you out. Learn more about our products and services by calling our agency at (805) 496-8835. You can also request a free quote by CLICKING HERE.