Deciding on a health insurance plan can be confusing. We are here to let you know which benefits are most important, so you can make an informed decision. Deductible The most important part of any health insurance plan is the deductible. A deductible is the amount of expenses that must be paid out of pocket before an insurance carrier will cover any expenses. Most deductibles can range from $1,000 to $5,000. As a general rule, lower deductible plans tend to have higher monthly premiums, and higher deductible plans tend to have lower monthly premiums.
What is a provider network? And why is it important to you? Provider networks are groups of doctors and medical facilities contracted to perform medical services at a discounted rate for the members of health insurance plans. The participating doctors and medical facilities in a provider network are referred to as “in-network.” Conversely, doctors and medical facilities not participating in the provider network are considered “out-of-network.” Participating doctors and facilities vary from network to network, as well as carrier to carrier. The benefit of provider networks is that if you choose to see an in-network provider you can take advantage of the providers discounted rate