How to Get Low Cost Medical Insurance

Brian Stevens: Hi, my name is Brian Stevens, I am a former Insurance Agent and Financial Consultant and I want to show you how to get low cost medical insurance with an A-rated company. Comprehensive medical insurance plans fall under two categories, traditional indemnity plans and managed health care plans such as HMOs and PPOs. Of all the health care plans, HMOs and PPOs are the least expensive. Here is an overview of these plans.

With an HMO or Health Maintenance Organization, you a pay a monthly fee and are assigned to a network of doctors and hospitals you must use for your health care. You are also assigned to a primary care physician who oversees your care and refers you to specialists.

The advantages of using an HMO are you only pay a fixed monthly premium, no matter how much your medical costs are. They are no deductibles, that's the amount you pay toward medical claims before your insurance company will pay. Co-payments, the amount you pay for each doctor visit are cheap, costing $5 to $15 per visit and there are no benefit caps. You are covered as long as you are the member of HMO. With a PPO, you are also assigned to a network of doctors and hospitals but you pay for your medical services as they are provided.

You are also assigned to a primary care physician who oversees your medical care. The advantages of using a PPO are you may see specialists within the network without getting permission from your primary care physician. You may see a doctor or specialist outside the network, but for a slightly higher fee. Co-payments are low, usually costing $5 to $15 per doctor visit and PPOs are for more preventive care than HMOs, such as health club discounts, health maintenance workshops, smoking workshops and weight loss workshops. The best way to get low cost medical insurance is to comparison shop and easiest way to do that is to get quotes from an insurance comparison website. It's quick, it's easy and it's free.

Visit lowerratequotes.com to get medical insurance quotes from top rated companies and see how much you can save. You can get more insurance tips in their article section and get answers to your questions plus get advice on how to lower your premium from an insurance expert by using their online chat service. To visit this site, just enter lowerratequotes.com in your internet browser.


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