Comparing Medical Insurance Plans—Do they ever cover Viagra?
Do you know enough about the different options for medical insurance plans? It is important to compare and contrast the details of each plan, so you may choose the one insurance plan that is best for your medical needs and budget.
If you are in the market for medical insurance plans, you may want to consider taking a look at a variety of plans in order to determine which one is right for your needs and budget. Taking the time to compare and contrast plans will help you to really analyze the details of each plan, so that there will not be surprises once you are paying premiums and utilizing the coverage. For example, few plans actually cover Viagra prescriptions, but if this is an important benefit to you, then you need to make sure the insurance plan you choose includes this prescription.
It is surprising how many people sign up for medical insurance plans without knowing exactly what the plan covers. There are story after story of women who become pregnant and then learn their insurance does not provide maternity benefits, or individuals who have a physician preference and then become angry when they realize their new insurance plan doesn't cover a particular doctor. That's why getting to know different plans can help you to make the wisest decision possible.
Analyzing the Plans
While it may not as exciting as shopping for a new car, shopping for the medical insurance plans is just as important-if not more important. In fact, while most people can get used to a new car of any kind, it is a different story when it comes to insurance plans. Individuals have unique needs that can only be met by certain plans. Below are some of the most common types of plans you can consider:
- PPOs also known as Preferred Provider Organizations: These plans are designed to give comprehensive medical insurance coverage through a number of various doctors and medical specialists as well as through hospitals and medical clinics ; there is no need for referrals. With a PPO, you can also go outside of the network to receive care; however, the costs you pay out-of-pocket will be higher with a non-PPO provider.
- HMOs also known as Health Maintenance Organizations-These plans are typically known as the most affordable medical insurance plan. They give comprehensive medical coverage, but you must stay within the HMO network of doctors and hospitals. Also, you must have a primary care physical who provides all referrals for specialists.
- HSA qualified plans and Health Savings Accounts-The purpose of these accounts is to make a way for high-deductible coverage. The idea is that although you may pay more up-front for medical care, your premiums will be significantly lower. These HAS accounts offer a tax-free medical savings account that can help you to pay for those initial costs before insurance kicks in.
- FFS plans or Fee For Service-These plans provide possibly the most affordable option, but do not offer comprehensive coverage or preventative care. You pay out-of-pocket for all medical appointments and services and then the FFS plan will reimburse you a certain, pre-determined percentage of your cost.
Once you have an understanding about these different types of plans and can identify your personal insurance needs, you will be able to make a wise decision for the best affordable medical plan.