You have many choices for the health insurance that you choose, and premium costs are only part of the equation. Here are three things to consider when choosing health insurance for you and your family.
Out-of-Pocket Costs
Every insurance policy requires you to share costs through co-payments, deductibles, and co-insurance. Co-payments are amounts that you pay for certain services, such as doctor visits, urgent care, and emergency room visits. Deductibles are a larger sum of money that you pay over the policy term. The insurance does not cover expenses until you meet your deductible. Co-insurance begins when the deductible has been met, and it is a type of cost-sharing that you have with the insurance carrier.
Physician Network
Physicians opt into insurance networks, and not all physicians work with the same health insurances in Ponte Vedra Beach, FL. Before you decide on a health insurance policy, verify that your doctors are in the network of providers. If you use doctors that are outside the network, your out-of-pocket expenses will be higher.
Medication Formulary
Check the medication formulary that is included with the health insurance. Verify that your current medications are covered and look at the cost. Some health insurance policies only allow for generic medications. Make sure that your medications are affordable under the policy.
Learn More About Health Insurance for Ponte Vedra Beach, FL, Residents
Thompson Baker Agency, Inc. specializes in insurances for families, including health insurance. Call them today for more information and schedule an appointment.
