We have insurance for our cars, homes, and the items we own, but many people say that the most important insurance you can have is health insurance. Arizona health insurance ensures that you’ll get the health care you need, when you need it. There are a variety of different ways to get Arizona health insurance and you should pay close attention to the type of insurance that you’re getting. You want to make sure that you’re getting the best coverage for your particular needs. If you have too much insurance, you might be wasting money on high premiums. On the other hand, it’s smart to minimize what you pay out-of-pocket if you need to visit the doctor often. Here are a few general Arizona health insurance plans that you should research before deciding on one.
Often called an indemnity plan, a traditional plan will allow you to go to whichever heath care provider you choose. However, you’re expected to pay for the costs in full when you go to the office. The insurance company will them pay back your expenses afterwards. Depending on the coverage, you might not receive all of the money that you initially paid for your care. This is the simplest plan, but it can be expensive if you need lots of medical treatment. It offers a lot of freedom, and it’s recommended if you don’t visit the doctor’s office very often.
A self-funded plan is when a union or company offers health insurance for its employees directly from its own budget. If your workplace offers a self-funded plan, you should consider opting in to avoid personal medical expenses. Self-funded plans are monitored and regulated by the Department of Labor, which ensures that they’re all aboveboard.
Specified Disease Plan
This plan shouldn’t be your only means of insurance, but you should consider purchasing it alongside your regular plan. If your family has a history of mental illness or another chronic disease, you should consider signing up for a specified disease plan. These plans normally don’t cost as much as a regular plan, and some health-insurance providers will bundle disease plans with their regular coverage.
When you go to get an Arizona health insurance quote, ask about their insurance bundles. Some insurance companies prefer that customers get all their insurance from the same agent, so they’ll offer a special discount for bundling all of your health insurance plans together. If you’re over the age of 25 and in good health, there’s also a good chance that you’ll get a significant discount on your health insurance premium.