Traditional health insurance isn’t the only choice of health care coverage available. For some, the limitations to traditional health insurance, including only being able to enroll within a few weeks’ time each year, and the rising costs for coverage, makes it not the best choice. There are alternates to health insurance, such as health sharing ministries where you can enroll at any time of year and even save up to 50%.
With a conventional health insurance plan, also known as a fee for service plan, you pay a monthly premium to the insurer to stay covered. In exchange, the insurer must pay a portion of the expenses you are charged for regular healthcare, including doctor’s visits, hospital stays, and emergency care services. How much the insurer pays in each of these situations is clearly laid out in the policy, allowing you to choose the right one for you.
Often, once you reach your deductible amount, the plan will begin to cover more of the expenses. For example, a younger person with few health issues might choose a plan with lower monthly premiums and higher co-pays and deductibles. Since a person in good health does not need to visit the doctor very often, this type of plan can save money while still allowing access to normal, preventative care.
For older people, the self-employed, and those in poor health, traditional plans may not be ideal. Traditional healthcare insurance plans can be expensive in certain common situations, including:
If you’ve always had coverage under a traditional health care plan, it may surprise you to learn that there are other options out there for you. Some alternatives to the traditional plan include:
If you are looking for affordable healthcare from a non-traditional health insurance option, you don’t have to take this process on alone! Contact us today to find out more about the kinds of coverage available to you.