People who are looking for Jacksonville, Florida health insurance have some different options available to them. If you live in or near Jacksonville, and you want to get Florida health insurance coverage for yourself and your family, it really pays to consider all of them.
By taking some time to do some research first, you will be able to make the right choice for your health insurance needs in Jacksonville, Florida. Read through this guide to Jacksonville health insurance and then be sure and compare quotes from many different Jacksonville health insurance companies.
Enter your zip in at the top of the page to compare Jacksonville health insurance quotes online from top companies.
Jacksonville Preferred Provider Organizations
A Preferred Provider Organization (PPO) is a type of insurance coverage where a group of doctors, other health care providers, and hospitals agree to provide coverage to an insurance plan’s subscribers at an agreed-upon rate. These types of plans generally have larger networks than Health Maintenance Organizations (HMOs) do. If you choose this type of health insurance coverage, you don’t have to choose one doctor to be your primary care physician. You can consult with any of the doctors who are members of the network. If you choose to see someone who is not a member of the network, you will be charged more for your health care services than if you had consulted a member.
If you need to see a specialist for your health care needs, you can choose one from the provider list you are given and book an appointment to see them. You will not be required to get approval before getting treatment, as in the case of an HMO, but it’s probably a good idea to let your insurer know if you will be undergoing a procedure. It may mean that your claim is processed more quickly.
This type of health insurance plan is available with different deductible levels. You can choose the one that makes the most sense for your situation and your budget as a way of controlling your health insurance costs. Once you have reached the level of your deductible (the amount you agree to pay each year before the insurance company will pay any claims), you will be likely be paying co-insurance.
Co-insurance means that your insurance plan will pay a certain percentage of the claim and you are responsible for the rest. In a situation where you have an 80/20 plan, the insurance company will pay for 80 percent of the covered claim, and you would pay the other 20 percent. The plan will likely have a co-insurance limit for each calendar year, and once you have reached that amount, the insurance company will pay 100 percent of the claims, up to the policy limit.
When you are looking for PPO, you also want to be aware of lifetime limits on benefits. Having $1 or $2 million in lifetime coverage for your insurance may seem like a lot, but health care costs can accumulate very quickly if you are hospitalized or need surgery. After you are discharged from the hospital, you may need rehabilitation services, which will also add to the costs of your care. A better choice is to find a plan that offers $3-$5 million in lifetime coverage, since once you have reached the lifetime maximum, you will be responsible for paying for your health care expenses yourself.
Jacksonville Health Savings Accounts (HSA)
Another option available for Jacksonville health insurance coverage is to open a Florida Health Savings Account (HSA). The HSA is a type of trust account, and you can open one through a bank, an insurance company, or an organization approved by the Internal Revenue Service (IRS) to administer them. The account is used in conjunction with a high-deductible health insurance plan. Deposits made to the HSA are tax deductible. The funds in the account can be used to pay for health expenses after you have reached the deductible on your health insurance plan.
If you choose an HSA for your health insurance needs, you can seek treatment from the doctor or health care provider of your choice without the need to be concerned about copayment fees or waiting for a referral. Your doctor can recommend the type of treatment that will benefit you most, without having to consider whether your health insurance plan will be willing to fund a specific type of treatment.
Another advantage to choosing an HSA for your health insurance needs is that the balance in your account can often be carried forward to future years. If your health care costs for a particular year are low, then the money in the account can continue to accumulate interest on a tax-free basis.
Contributions made to an HSA can be made by the individual or his or her employer. The annual amount you can contribute is identical to the maximum annual premium for an individual or a family. When you want to pay for health care services, you can write a check on the HSA or write a personal check and reimburse yourself from the HSA at a later date.
You can set up an HSA and still get coverage through a PPO. An HSA doesn’t have a co-pay plan, though. Your health insurance expenses are subject to the plan’s deductible and co-insurance. This choice for your health insurance offers health care protection in case of major medical expenses, as well as valuable tax deductions.
Compare Jacksonville Health Insurance Quotes Online
The key to getting the best rates for your FL health insurance coverage is to compare a number of different Jacksonville health insurance plans. Not all PPO’s or plans approved for HSA’s are the same.
You will want to find out what services are covered, how much you will be paying as a deductible, and what the policy exclusions are. Each policy will have a list of services that are not covered, and these are the exclusions for the policy. No one but you can truly determine your needs; however, you can reach agents at the number on this page to guide you through any questions you have.
Are you ready to start exploring your Jacksonville, Florida health insurance options? You can start comparing plans right now. The free insurance tool at the top of this page is here to help. Just click on it and you can start gathering information today. Get started comparing Jacksonville health insurance quotes online now!