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Insurance, Income
Planning & More... |
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for the
Residents of Arizona! |
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About Health
Insurance
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From routine doctors visits, to
prescription medications, to major operations, medical costs are
increasing every year. Without adequate health insurance, one
simple mishap, and your entire savings could be wiped out. You may
have to sell your house, go thousands of dollars in debt, borrow money
from family and friends, or all three. A good health insurance
plan will reduce
the costs of prescriptions, and prevent substantial loss of income due to
a large-scale accident.
There
are multiple types of insurance plans that are available. Although
all plans are effective, some designs are more favorable to others
depending on the insurance need. Below is a list of three of the most
popular insurance plans.
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| PPO's |
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| Preferred Provider Organizations. A system of physicians, health
care providers, hospitals and clinics are organized by the insurance
company. All of the medical providers accept the terms and
guidelines set forth by the insurance company. |
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Inexpensive.
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Typically very large
networks exist in one geographical area.
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Members have the ability to choose
any primary care physician and/or specialist they choose (as long as the physician is in the network).
A variety of deductible choices enable
a client to pick a plan that best suits his/her budget.
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| HMO's |
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Health Maintenance Organizations. This is a type of group
health insurance plan in which medical needs are provided by a
managed system. |
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Premiums tend to be more expensive than that of a PPO.
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A primary care physician MUST be chosen,
and all medical-related issues must go through him/her first. If necessary, that doctor will recommend a more specific clinic.
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| HSA's |
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Health Savings Accounts. These types of plans consist of two
parts. A high-deductible health insurance plan, and a
savings account. Because these plans are created around a
high-deductible PPO plan, premiums are typically low. In
turn, the money you save in premiums can be used to fund a Health
Savings Account. This money in the account is then used to
pay medical expenses. Tax deductions are also awarded to
funds that are contributed into a Health Savings Account.
Talk to an accountant for more details. Like a PPO,
there is a large system of doctors and medical facilities that are
available to clients. |
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Premiums tend to be the least expensive of all health plans available.
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Flexible network
of doctors and medical facilities.
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Deposits into a Health Savings
Account do have certain tax deductions.
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High deductibles need to be met before the insurance
company begins to cover medical costs.
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Many people confuse owning a high-deductible health
plan as the same thing as owning an HSA account. Which is incorrect. All HSA plans are federally regulated.
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| Health Insurance
Review |
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| So which type of plan is best for you? There are two
options: Please feel free to click on our
health insurance quotes page,
and do all the research (including personalized quotes) you
want, on your own time. Or obviously, you are free to call
and talk to any one of our agents who will gladly answer any of
your questions. 480-661-1005 |
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