The basics of choosing health insurance

What could be more important than your health insurance? If you make a wrong choice it can affect decisions you will make for the rest of the year. You need to have coverage that provides you with the ability to get the care you need. Having insurance that doesn’t cover what you need or allow you to see your preferred doctors, is a nightmare. At Allegiance Insurance Agency in Richardson, TX, we are local agents who put customer service first. We will work hard to make sure you get the right policy for your needs and your wallet. 

Do you want an HMO or a PPO?

With an HMO you must choose a doctor from the network the carrier provides to you. With a PPO you can choose any physician you want, you are not restricted even though your carrier will have a network of providers. Keep in mind you may not have the same amount of coverage outside of your network with a PPO. Both of these types of insurance coverages are managed care. One thing to keep in mind is, generally speaking, you will pay more for a PPO than an HMO but the flexibility may be worth it to you. 

Choosing a deductible

Most policies come with a yearly deductible. High deductible policies are popular because they are more affordable. But, you don’t get any coverage until you meet the deductible. One way to offset this is with an HSA or FSA. Check with your employer to see if one is available to you. If not, you may be able to get one on your own. 

The maximum out of pocket limit

If you have a serious accident or illness this figure is very important. Medical bills can run into six figures and higher. This amount on your policy is the maximum you will be responsible for. 

Contact Allegiance Insurance Agency in Richardson, TX for all your insurance needs.