Types of Florida Health Insurance Policies

There are a many reasons to have Florida health insurance. When a loved one falls ill, the last thing anyone wants to be thinking about is medical bills associated with their care. It is difficult to imagine putting a price tag on their recovery. But there always is one, rather it’s something anyone wants to think about at that moment or not. Florida Health insurance can act to greatly alleviate this fiscal strain.

Sadly, the cost of health care in America is not low, and in fact has been climbing over the years. Because of the price tag, many residents are nervous about adding such a recurring expense to their bills. Even more, because health insurance is based on a person’s health, much of the cost is beyond their control. This is a scary prospect to anyone not in peak physical shape. However, with just a little research many will find they have more control over the cost of their insurance options than they may think. In fact, Florida health insurance from FloridaInsuranceQuotes.net┬áis more attainable by residents than ever.

By carefully choosing the type of insurance purchased, Florida residents can take control of the health insurance policy and ensure they are covered in the case of the unthinkable. Here are some of the most common types of health insurance coverage types offered in Florida.

No. 1: Preferred Provider Organization (PPO)

Patients with a PPO plan will be provided with a list of physicians who are covered “in-network.” As long as they opt to see a doctor on this list, they will be almost completely covered for their medical expenses, excepting the average small fee from the co-pay. With the plan, policy holder will be able to choose their own primary care doctor from the in-network list.

However, this does not mean PPO policy holder are prohibited from using outside doctors. PPO will still cover a portion of the doctor’s bill from care providers not in-network, just not to the extent that approved physicians will be. This means even if patients choose to use a doctor out of the network, their policy will still help pay for some of the expenses.

No. 2: Health Maintenance Organization (HMO)

HMOs are similar to PPOs, however they offer less options when choosing a doctor. Their list of in-network physicians is much smaller and they will not cover any charges when going to a doctor not approved on the list. Because of the greatly reduces doctor choices, there are often longer waiting periods for scheduling appointments. However, the prices are often much lower than those associated with a PPO.

No. 3: Medicare and Medicaid

Because of the rising expenses of private Florida health insurance providers, the United States government offers an alternate option to those who cannot afford insurance.

Medicare and Medicaid are designated for those truly in need who call into one of four categories: blind, disabled, underage, or over 65. However, Medicaid will also become available to those who have no hope of paying off their rising medical insurance.

For example, if an uninsured patient is diagnosed with cancer, the sheer expense associated with treatments will exceed anything the average person can pay out of pocket. Expenses of that severity would be utterly debilitating to most people middle to low income earners. In cases like this, Medicare will come in to help cover costs.

No. 4: Fee-For Service

Fee for service coverage plans are the most common type of Florida health insurance policies sold in America. The recurring costs for these types of plans are lower, however, in the case of a necessary payout, these policies will require more money out of pocket than many of the others. Patients with a fee for service plan will be responsible for a monthly premium as well as a deductible (ranging anywhere from $200 to $10,000) before their insurance will begin to pay for medical expenses.