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Health Insurance and Other Health Plans

Father and Daughter

Why Health Insurance?

There are many reasons why you should have health insurance. Here are a few of the most important ones:

  • Health insurance can help you pay for medical care. If you get sick or injured, you may need to see a doctor or go to the hospital. These visits can be expensive, even if you have good credit. Health insurance can help you pay for these costs.

  • Health insurance can help you get preventive care. Preventive care is important for staying healthy. It can help you catch health problems early, when they are easier to treat. Health insurance can help you pay for preventive care, such as annual checkups, vaccinations, and screenings.

  • Health insurance can help you protect your financial future. If you get sick or injured and don't have health insurance, you could end up with a lot of medical debt. This debt could make it difficult to pay for other things, like your mortgage or rent. Health insurance can help you avoid this debt.

  • Health insurance can give you peace of mind. Knowing that you have health insurance can give you peace of mind. You won't have to worry about how you are going to pay for medical care if you get sick or injured.

Types of Health Plans

Affordable Care Act plans

 These types of plans must meet all basic medical requirements under ACA and are the most comprehensive plans on the market. This means that by purchasing one of those plans you’ll get a minimum of the essential care benefits like emergency services, hospitalization, out-of-patient services, maternity leave, prescription drugs, substance use for disorder services (like mental health and behavioral problems), pediatric services (including oral vision and care), preventive services for chronic illnesses and rehabilitative services. Also, you can’t be rejected by your insurer for some pre-existing conditions you might have. Altough, you’ll need to purchase this plan during the ACA Open Enrollment Period. Four types of ACA Plans are HMO, PPO, POS, and EPO. There are also Catastrophic plans for people under 30.


Indemnity plans

These types of plans are also known as fee-for-service plans. They are good for those who are looking for more flexibility in choosing doctors and hospitals and aren’t worrying about additional costs.


Short term plans

Short-term healthcare plans are also part of individual plans but they aren’t part of major medical health insurance plans. They have lower costs but come with much fewer benefits in comparison to qualified healthcare plans. However, they are good for people in transitioning periods who are waiting for their long-term coverage to kick in, like people close to 65 who are waiting to be eligible for Medicare, people who are currently looking for a job, people who turned 27 and aren’t under family coverage, students who moved to another country and need temporary coverage, etc. However, those plans don’t follow the rules of ACA basic medical benefits may not be covered, and also your insurer can decline your application based on pre-existing conditions ( you’ll need to answer underwritten health questions to qualify for short-term plans).


Dental plans

Dental insurance plans can be a part of your health insurance plans but not in every case. You can have a dental plan if you are insured through your employer or buy the plan you purchased from a private company, like Better Place Insurance Group. Also, you always can purchase a standalone dental plan. Dental services can be very expensive and you never know what might happen so it is good to have this plan as an addition to your healthcare. With this plan, you can lower your costs and get the proper preventive dental care. However, plan costs can vary based on which type of plan you decide to purchase.


Vision plans

Vision insurance plans aren’t part of any health insurance plans for adults. So, you’ll need to purchase those plans on your own. This type of coverage is always a good thing no matter if you wear glasses or contact lenses. Sometimes it’s not bad to think in advance because even though you might don’t need these benefits now, you’ll need them later. Vision insurance plans include routine checkups, so this is good preventive care because your eye doctor might discover a disease you can treat properly. There are two types of vision insurance: as an addition to your major medical insurance and ancillary plans. Plan costs can vary from plan to plan.

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