The Hilton Agency partners with Assurant Health to offer quality coverage on which you can depend. For more information, please feel free to read on. To obtain a quote from Assurant, simply click on their logo at the top of the page, and follow the directions.
Let’s face it – medical treatments aren’t cheap. Without health insurance coverage, you could end up paying off medical bills for the rest of your life. The Hilton Agency can help you find an affordable healthcare plan that’s right for you. Call 918-427-5900 and talk with one of our friendly agents today to learn more.
What are the major types of health insurance policies?
There are basically three major types of health insurance policies for Oklahoma and Arkansas residents to choose from: consumer-directed, fee for service and managed care. These health insurance plans help cover your medical, surgical and hospital expenses. They may even cover dental expenses, mental health services and prescription drugs, depending on the coverage you choose.
A consumer-directed health plan (a.k.a. consumer-driven or consumer choice) is a newer type of healthcare plan that’s designed to give you more control. As part of the plan, you set up a health fund that can be used to cover medical expenses.
Fee for Service
A fee for service plan is a more traditional healthcare plan; it means you pay a fee to your provider for every healthcare service you receive. The benefit of this type of health insurance plan is that it allows for a lot of flexibility when choosing a physician or healthcare provider.
Members of managed care health plans generally enjoy more benefits like lower out-of-pocket costs. However, you can only receive treatment from physicians that participate in the managed care network. Typical managed care plans include health maintenance organizations (HMOs), preferred provider organizations (PPO) and point-of service (POS) plans.
Common Health Insurance Terms
When discussing health insurance, it helps to understand some of the common terms you’ll run into. Below you’ll find definitions to some of the most common health insurance terms.
Deductible – the amount of money you pay toward medical bills before your insurance coverage begins.
Co-pay – a specified amount of money you pay upfront for doctor visits and prescription refills.
Coinsurance – the percentage of medical bills you pay after meeting the deductible.
To learn more about health insurance, give us a call at 918-427-5900 and talk with one of our agents today. We’re right here – ready to guide you toward a more secure future.