20 July 2015

Ohio Medical Insurance - Some Important Tips To Know

Ohio medical insurance rates, like medical insurance rates all over the country, have been on the rise due to the increase in medical costs. Because of these insurance rate hikes, many people are finding it difficult to find and keep their medical insurance. Residents of Ohio who are on the search for medical insurance that is both affordable and quality may have to do some research to find the best policies. In the following article, we will review the types of Ohio medical insurance that are available.

Four basic health insurance plans are available to those who are in search. HMO, PPO, POS and indemnity are the four basic types of plans. HMO, or health maintenance organization, is a health plan that will set up the individual with a network of doctors and hospitals that will provide health care for them. Individuals who choose the HMO insurance plan will have to choose a primary health care physician from this network of doctors. HMO health insurance plans are generally the most affordable of all health care plans and involve smaller amounts of paperwork for the individual. PPO, or preferred provider organization, is similar to an HMO policy.

These types of policies will also set you up with a network of health care providers, but you will be allowed to see specialists within the network without first being referred to them by your primary physician. If you see a physician that is not within the network, you may have to pay the bill yourself and then work out reimbursement with your insurance provider. PPO insurance plans may cost a little more money than HMO policies but well worth the investment. POS, or point of service, is a type of insurance plan that will set you up with a network of health care providers as with HMO and PPO policies.

However, individuals who choose this type of policy will be able to see a physician that is outside of their network for an additional fee. POS plans will cost more than HMO or PPO plans, but they are significantly more flexible. Indemnity plans will allow you to choose your own doctor and hospital or any specialist you choose. There may be a larger deductible associated with this sort of insurance plan. Five hundred dollars to one thousand dollars will typically be the deductible that is paid before the insurance company will begin paying medical bills.

These Ohio medical insurance plans are offered by the majority of Ohio health insurance providers. You can easily obtain quotes on the internet from different companies on these different types of medical insurance plans. Look for an licensed experienced independent agent who represents several of the major carriers and seek out one that seems to provide the coverage you need at a price you can handle, you may want to call them and talk to a representative personally.