Are you interested in finding out the best health plan for your family? The Jordan Insurance Agency has the right solutions to help you choose the perfect plan according to your needs.
There are many different kinds of plans available. Read on to find out which plan suits you the best. The various benefits these plans provide include ambulance and emergency services, surgical costs, maternity expenditures, pediatric services, and the provision of prescription drugs, amongst other benefits.
With the open enrollment for Obamacare (ACA) and Medicare Insurance starting from November 15th to February 15th, you are in the right place to find the best healthcare plan for your family.
Types of Plans
Five major categories of health care plans are available namely Silver, Bronze, Platinum, Gold and Catastrophic. These outline the amount you or your chosen plan will pay as your medical bill. However, the quality or the amount of services to be dispensed is not dependent on these plans.
The following is the precise estimate in terms of monetary payment made by you and the plan:
- The Bronze Plan: You must pay forty percent of the charges while the company pays the rest.
- The Silver Plan: In this plan, you must pay thirty percent of the charges while the plan will pay for the rest.
- The Gold Plan: In this plan, you have to pay twenty percent of the costs.
- The Platinum Plan: In this plan, you only have to pay ten percent of the charges while ninety percent is paid by the company.
- The Catastrophic Plan: This plan is available for those people who are under thirty years of age, and the plan pays for a sixty percent or less of the total costs. People who have a hard exemption also qualify for this plan.
If visits to the doctor are a regular part of your routine, choose either the platinum plan or the gold plan to meet your needs. These plans have high premiums, but they cover an extensive portion of your healthcare bills.
On the other hand, if visits to the doctor are not that frequent for you, then you may consider opting for the Bronze or the Silver Plan, which features lesser premiums as compared to the above-mentioned plans.
Additional costs
You may face some out-of-pocket costs on the total charges. This is why you should know the amount of money you will pay in addition to the existing costs. Each plan includes a different set of out-of-pocket charges.
Platinum and Gold plans offer lower out-of-pocket costs compared to other plans.
For a single applicant, the maximum out-of-pocket costs do not exceed $6,600, and for an entire family, they cap at $13,200. By choosing a Silver Plan, you can cut down on the maximum number of charges.
The above considerations will help you choose the Best Health Plan for your family.
