Some of the most popular family medical plans are issued by companies such as Aetna, UnitedHealthcare, Humana, Assurant, Blue Cross and Celtic. Coverages typically include office visit and prescription benefits, preventive benefits and major medical catastrophic coverages for inpatient and outpatient hospital expenses. Having a firm understanding of the most important family medical insurance terms will help you determine which type of policy is best for your situation.

Deductible

Typically, the deductible is the amount of money you must pay before the insurance company pays benefits. Unlike an auto insurance deductible, once this deductible has been paid once, another deductible is not required during the same calendar year (some short-term plans have multiple deductibles). Many family medical policies do not require you to meet the deductible for covered office visit and prescription charges. Also, under new national health care reform, most preventive benefits, such as mammograms, pap smears and annual physical examinations are also not subject to a deductible.

Copay

A copay is a specific dollar amount that is paid. Generally, copays apply to office visits and prescriptions and are paid at the time the service is provided. Family  medical insurance plan copays are usually $15-$50 for office visit copays. Prescription copays  vary as generic medication copays are often less than non-generic medication copays. Emergency room visits also have a copay that will usually range from $50 to $500.

Coinsurance

Coinsurance is the percentage of the medical expenses that the insured pays after the deductible has been satisfied. In the vast majority of policies, a “stop loss” is established, which represents the maximum amount the insured will pay. The most common coinsurance is 20%, with 0%, 10%, 30% and 50% options also available. Naturally, the higher the percentage, the more out-of-pocket expense the insured must pay.

PPO

A “PPO” (Preferred Provider Organization) is a managed organization of doctors, hospitals, medical facilities and health care providers that provide health care at reduced rates. The purpose of the PPO is to offer policyholders of the health insurance plan access to a large number of providers who have agreed to provide treatment at a reduced price. Most large health insurers use countrywide Networks that allow their members to utilize coverage when they are away from home.

Family medical insurance plans can provide coverage for your short term needs, a family business, separate individual plans or just basic catastrophic coverage. Regardless of your need, we’ll find the policies that meet your budget and benefit objectives.

Majormedicalhealth.com is the nation’s premier resource for affordable Aetna medical insurance plans. By clicking the “Get Instant Quote” button at the top of the page, easily, you will be able to view and compare Aetna’s best health care rates and apply online. As a trusted Aetna broker, we guarantee that the quotes you view are the lowest available rates allowed by law.

Aetna Health Maintenance Organization (HMO) plans are available in selected states. Typically, an HMO policy will have low copays on covered office visits, lab tests and X-Rays, include maternity coverage and feature small or no deductibles on major hospital claims. Preventive benefits and utilization management controls are emphasized to reduce costs and a primary care physician (pcp) coordinates your medical treatment. Fortunately, Aetna has a very large nationwide network of health care providers.

Aetna’s most popular health insurance policies are the PPO plans. Deductibles of $1,500, $2,500 and $5,000 are available in most states and most office visits and prescriptions are not subject to a deductible. Preventive benefits are included and are typically covered with little or no out-of-pocket expense. This type of policy is ideal for an individual or family with many office visits, including well-check visits and immunizations. The office visit co-pay on PPO plans will generally be between $20 and $40.

Aetna HSA plans are a popular choice for those with very few medical claims and the self-employed. Premiums are often substantially lower than comparable comprehensive plans and benefits are covered at 100% once the deductible has been met. Preventive benefits are not subject to a deductible and Aetna negotiates substantial repricing discounts for medical claims that are subject to a deductible.

An HSA is a high deductible health plan (HDHP) coupled with a savings account that allows you to save money for future medical expenses in a tax-free basis. Funds in the HSA can be used to pay for current medical expenses and also additional qualified dental and vision expenses that are not covered by the health insurance policy. You own the funds in your Aetna HSA and they can be withdrawn at any time, subject to policy and IRS guidelines. You are also not required to make any contributions into the HSA account if you choose not to.

Majormedicalhealth.com is a trusted national resource for affordable Health Savings Accounts (HSAs). We represent Aetna and most of the major health insurance carriers that offer HSAs. We feel it is important to carefully research which plans will best fit within your budget, but still offer maximum protection. It is possible that national health care reform will impact HSAs. We’ll continue to offer our expertise and time so that you’re always kept current with any proposed changes.

Please take the time to review different plans and rates. And don’t hesitate to call us at (888) 513 6446 if we can assist you in the process.

Majormedicalhealth.com  is the nation’s premier resource for low cost individual health insurance plans. The rates you view on this website are guaranteed to be the lowest allowable rates by each state. There are never any fees for using our service and we’ll continue to provide assistance as long as you have your policy. As national health reform changes are slowly implemented, we’ll provide the resources to show you the best way to take advantage of any tax credits that might reduce your rate.

Perhaps the cheapest type of individual health insurance is catastrophic coverage. This type of coverage typically costs significantly less than comprehensive plans, while still providing major medical benefits. Some of these inpatient expense benefits include room and board, intensive care, operating room, recovery room, prescriptions, and professional fees of surgeons, doctors and nurses.

Cheap catastrophic health insurance plans often cover many outpatient expenses such as X-ray and lab fees, emergency room fees for illness and injury, outpatient surgery facility and hospital fees, CAT scans, MRIs, radiation treatment and chemotherapy treatment. A deductible and coinsurance typically must be met before any benefits are paid. Of course, higher deductibles will increase your out-of-pocket costs but reduce the premium that you pay. Golden Rule, a subsidiary of UnitedHealthcare, offers the “Saver 80” plan, one of the most inexpensive catastrophic policies in the US.

Cheap student health insurance plans are also offered by most of the nation’s health care providers. Premiums are generally under $100 per month (less than $50 in some states) and coverages are designed to provide major medical benefits along with flexible office visit and prescription coverage.  Often, purchasing student health coverage from a reputable insurer is a better option that purchasing a plan directly from the school. Coverages tend to be more comprehensive and a major insurer can offer off-campus medical facilities and doctors. We’re specialists at finding the best student plan for you while maintaining quality coverage at an affordable rate.

To instantly view low cost health insurance options, please click on the “Get Instant Quote” button at the top of the page. Or, you can talk to a live person at (888) 513 6446.

What Is HSA Health Insurance?

HSA health insurance is an affordable alternative to traditional health care. It is a savings account that allows you to pay for your medical expenses and also save money for anticipated future qualified medical, dental and vision expenses on a tax-free basis. “A High Deductible Health Plan” (HDHP) works with an HSA and provides the major medical protection. Since an HDHP typically costs less than a standard health insurance plan, the savings can be deposited into the Health Savings Account and accessed at any time.

What Are Some Features Of An HSA?

An HSA allows you to reduce your federal income tax by depositing funds into an account that you control. Typically, a bank of your choice is used and the current maximum contribution is $3,050 for individuals and $6,150 for families.  You do have to use the money for “qualified” medical, dental or vision expenses to qualify for the tax deduction. Also, generally, preventive benefits are not subject to a deductible on the insurance portion. And other healthcare expenses will often receive a “negotiated network repricing” that can substantially reduce your out of pocket costs.

How Will National Healthcare Reform Affect An HSA?

In March of 2010, Congress spared the tax break that HSAs offer. Legislation, in fact, may make HSAs more popular than ever, especially if you are eligible for little or no tax subsidy from the government. HSAs have been in existence since 2004 and it appears they will be around for a long time. One minor change is that over-the-counter medicines are no longer a qualified expense that can be paid from your HSA. It is believed that HAS qualified health plans will continue for many more years.

Can You Have An HSA Without Having An HDHP In Your Own Name?

Yes. As long as you are covered under an HDHP, you can become eligible for an HSA. Of course, you would have to meet the other HSA requirements. It is very common to have an HSA while your HDHP is in your spouse’s name.

What Are The Maximum Contributions For An HSA?

The maximum contribution for 2010 is $3,050 for an individual and $6,150 for a family. The annual maximum contribution changes at the beginning of every year based on the Consumer Price Index (CPI). An additional contribution of $1,000 can be made by anyone that turns 55 before the end of the year.

Is An HSA The Same As A Flexible Spending Account (FSA)?

There are similarities. Both contracts allow you to pay for qualified medical expenses with your pre-tax dollars. However, with an FSA account, any money remaining in the account unspent at the end of the year is lost.

Are You Allowed To Have More Than One HSA?

You are allowed to have more than one HSA and you may also contribute into multiple HSA accounts. However, your maximum contribution limit does not change and there are no tax advantages to having multiple accounts.

What Happens When You Become Eligible For Medicare?

Once someone is enrolled in Medicare, they can not contribute into an HSA. However, any unused accumulated funds may be used to pay for qualified medical expenses that are not covered under Medicare or a Medicare Supplement policy.

To instantly view, compare or apply for affordable HSA coverage, please click on the “Get Instant Quote” button at the top of the page.

What Do Catastrophic Medical Insurance Plans Cover?

Typically, Catastrophic health care plans are designed to cover major expenses and catastrophic illness, such as inpatient and outpatient hospital stays, emergency room treatment and surgeon, assistant surgeon and facility fees. Additional coverages include radiation, chemotherapy, organ transplant drugs, MRIs, CAT Scans and common inpatient expenses such as room and board, intensive care unit, operating room, recovery room and physician visits. Other medical insurance coverages vary, depending on the type of policy and company.

Where Do You Buy Catastrophic Medical Insurance?

We specialize in low cost high-deductible health care plans. With soaring medical insurance rates in most states, health care reform is actually expected to INCREASE costs, not decrease them. We research all of the major companies with state-of-the art software to provide you with the guaranteed lowest rate allowed by each state. In less than two minutes, you can view, compare or apply online for affordable coverage from the top-rated health insurers. We never use any type of “discount” plan and recommend plans that meet your specific needs.

Is Catastrophic Coverage The Best Type Of Health Insurance For You?

If you are in good health and are rarely hospitalized, then catastrophic coverage might be your best option. Typically, you will save hundreds of dollars per month compared to a comprehensive medical plan. If you have substantial assets to pay for your out-of-pocket costs (up to the deductible), you may be an ideal candidate for this type of policy. Choosing the right deductible will be important since you will be required to pay that amount (plus any applicable coinsurance) if you have a major claim. The most popular catastrophic policies, such as the UnitedHealthCare “Saver 80” plan, often feature deductible options ranging from $500 to $10,000.

What Is A “High Deductible Health Plan” (HDHP)?

An HDHP is a catastrophic health insurance plan that features high deductibles for individuals and families. The minimum is $1,200  for individuals and $2,400 for families. It is combined with a Health Savings Account (HSA) to provide an alternative to traditional medical coverage. You can pay for qualified health care expenses on a tax-free basis and retain greater control and flexibility of how you use your health care benefits. You pay no federal income tax on the funds you deposit and there is no penalty on the earnings once you use the account for qualified medical expenses.  Once you have enrolled in an HDHP, you may qualify for the HSA; however, it is important to check with the health insurer to verify it is an HSA-eligible plan.

HSAs are widely available and rates will vary, depending on the state where you live. When you request a quote from us, you will be able to view many types of HSAs from multiple carriers with various deductible options. Most HSAs provide preventive benefits without having to meet the deductible. We’ll be happy to review your specific situation and recommend the HSA(s) that will save you the most money.

Can I Purchase Temporary Catastrophic Health Insurance?

There are many available options if your need is temporary. Many insurers offer “short term” plans which is typically used when less than 12 months of coverage is required. This type of policy is ideal if you are without coverage, unemployed, just graduated or considering Cobra. Premiums are substantially lower than a typical plan, and policies are normally approved within 1-2 days. In many states, Humana and Assurant offer extremely competitive rates.

To instantly view rates, please click on the “Get Instant Quote” button at the top of the page, or call us at (888) 513 6446.

Deductibles on major medical health insurance policies are usually between $2,500 and $10,000 and lifetime maximum limits are usually between $3 million and $7 million per person. Currently, pending national health care reform changes are scheduled to eliminate lifetime maximum limits. However, challenges to the legality of these changes could impact their date of implementation.

What Is Major Medical Health Insurance?

Major medical health insurance is a catastrophic health care policy that covers large claims as opposed to smaller office visit charges. Typically, this type of policy covers hospital and facility charges such as semi-private room and board, intensive care, inpatient and outpatient care, and emergency room fees. Additional covered services include anesthesiology, surgery, post-operative care and oral surgery performed in a hospital as an inpatient or outpatient. Prescription coverage is rarely covered although some companies offer benefits for an extra premium.

Skilled nursing care, home health care and hospice care are often covered benefits subject to policy limitations. Chemotherapy, radiation, organ transplant drugs, Cat Scans, and MRIs are generally covered as well. Some of the most common health care expenses that are not covered include primary physician and specialist visits, weight loss and cosmetic surgery, and some outpatient expenses and child immunizations. Maternity benefits are offered by selected carriers, subject to waiting periods of 9-12 months. Complications of delivery may sometimes be covered without adding an additional rider.

Should I Buy Major Medical Heath Insurance?

The typical person that purchases major medical health insurance coverage is usually dependent-free and between the ages of 21 and 35 or 50 and 64 (with exceptions, of course). Many purchasers are self-employed and do not qualify for group health coverage. They tend to be healthy, with no major health concerns and willing to pay a lower premium in exchange for a higher deductible on their coverage. With most major medical health insurance plans, after the deductible is met, a coinsurance of 0%-30% is usually required up to a specified limit.

Depending on the state, most major medical plans are underwritten and subject to review. Although a physical is rarely required, medical questions must be answered and occasionally the insurer will order medical records to provide details about a specific condition. Most existing conditions will not cause a denial in coverage, However, certain conditions, such as AIDS, heard disease, BMI above 45 and multiple sclerosis will likely result in a declination of coverage. However, in 2014, major medical health insurance carriers will not be allowed to deny coverage. More Americans will be able to obtain coverage but rates are likely to substantially increase. Depending on your income, tax credits may help reduce the cost.

To instantly view, compare or apply for affordable major medical health insurance coverage, please click on the “Get Instant Quote” buttons at the top of the page.

Temporary medical insurance is designed for anybody that is temporarily without health insurance coverage…especially if they are in transition. Coverage is available to individuals, families, the self employed or anyone that is uninsured. This type of low cost plan is ideal for any US resident that is on COBRA, currently unemployed or between jobs, waiting for other medical coverage to become effective, or a recent school graduate. Premiums are typically 40%-65% less than a typical comprehensive health insurance plan. Also, the standard short term temporary health insurance application is usually completed in less than 10 minutes.

Most temporary medical insurance plans can be purchased in increments of 1-12 months. Billing is flexible as policies can be paid with an annual lump sum payment or monthly installments. If the policy needs to be cancelled early, most health insurers offer a pro-rated refund on the unused coverage. Since this type of plan is designed to protect a short-term need, it should not be used if coverage is needed for more than 12 months. Policies are often approved within 24-48 hours since there are very few medical questions to answer and physicals are not required.

Temporary medical insurance plans cover unforeseen injuries and illnesses. Typical coverages include inpatient hospital and outpatient services, emergency room and urgent care, ambulance and home health care (subject to policy limits) and diagnostic services. Some short term health insurance plans also include office visit and prescription drug coverages. Once the specified deductible has been met (usually between $250 and $10,000) 80%-100% of the medical expenses will be paid by the policy. The remaining balance (if any) is your responsibility until the total maximum out-of-pocket expense limit is reached.

Although short-term temporary health insurance plans feature low premiums, this type of policy is not designed to cover preventive benefits including routine physicals and well care visits, dental or vision expenses and long-term health care. Depending on the policy, your deducible may apply to each claim, or each cause. An “each clause” temporary medical insurance plan can result in substantial out of pocket expenses if multiple claims occur. Reducing the deductible will lower your potential maximum out of pocket expense. But the cost of the temporary health insurance coverage will rise. Also, pre-existing conditions are generally not covered and the renewal of the policy is not guaranteed. For that reason, this type of coverage works best when the exact duration of needed coverage is known. However, if your current policy expires and there have not been significant changes in your health, you may apply for an additional policy.

Finding affordable temporary medical insurance coverage is one of our specialties. To instantly view, compare or apply for a short term plan, please click on the “Get Instant Quote” button at the top of the page. Or, you may also call us directly at (888) 513 6446.

Our medical insurance quotes will provide you with the largest available selection of affordable plans, all issued by the major health insurance companies. And with our state-of-the-art software, you’ll be able to quickly compare policy features and prices, and easily apply online for coverage. The personal medical information you provide is never shared with multiple brokers like many other online services.

Individual Medical Insurance Quotes

Individual health plans are, of course, much less expensive than family plans since only one person is insured. Health insurance quotes for individuals will feature plans that are portable. That is, you will be able to keep these policies for as long as you wish. You may also cancel coverage at any time without a penalty. If you choose to change companies, a new application will be required.

Major medical insurance plans are popular options for individuals. When choosing the right plan for you, it is important to consider the type of policy that is best for your specific situation. If out-of-pocket expenses are a major concern, then a low-deductible policy may be your best option. However, a low-deductible plan will increase the premium…perhaps too much to justify coverage that might rarely be used. Your personal health insurance quote will take into consideration all of these factors before we recommend a plan.

Family Medical Insurance Quotes

Family coverage is medical insurance that covers all members of your family. This could consist of a husband and wife, a single parent and children, or two or more children on the same policy. If employer-sponsored coverage is too expensive or not available, purchasing your own coverage is the best option. Small business owners often purchase family coverage because of the wide range of options and also because it is often much less expensive than a group plan.

Family medical insurance quotes are available from the major health insurers. We try to focus on the most affordable plans that offer the most comprehensive coverage. We feel it is also important to select a plan that provides a low copay on office visits and prescriptions, comprehensive preventive benefits and a rate that is going to remain as stable as possible. Maternity coverage is available on most plans, but often the increase in premium will be substantial.

Self Employed Medical Insurance Quotes

Self employed medical insurance plans are also offered by virtually every health insurance company. Policies are designed to protect your assets and your family at the most affordable rate. Recent tax changes also allow the tax-deductibility of health insurance premiums from your federal taxable income. We’ll take the time to properly review and compare many policies and help select a health care plan that meets your specific needs.

Health Savings Accounts (HSAs) have become increasingly popular for individuals or families that are self-employed. As an alternative to more expensive plans, HSAs allow you to pay for current medical expenses and save for future qualified health and retiree expenses on a tax-free basis. To qualify for an HSA, you must a high deductible health plan (HDHP), which is often referred to as a “catastrophic” health insurance plan. We provide HSA medical insurance quotes from all of the top health insurance companies. There are some variations in coverage, and we’ll be happy to review and recommend the best available options.

To instantly receive your medical insurance quote, please click on the “Get Instant Quote” buttons at the top of the page. Immediately, you will be able to view, compare or apply for the most affordable health insurance plans in the US. And of course, you may call us anytime at (888) 513 6446.

Since medical insurance premiums are regulated by the state, we are able to offer the guaranteed lowest available rate allowed by law. There simply is not another website or broker that can legally offer a lower rate. But since low cost individual medical insurance plans often contain slightly different coverages than more comprehensive plans, we feel it is important to fully explain and review any differences, to insure you are applying for the most appropriate policy.

Popular Low Cost Medical Insurance Options

Some of the most popular low cost medical insurance policies are UnitedHealthOne’s  “Saver 80” and “Copay Saver,” Aetna’s “PPO 5000” and “Preventive & Hospital Care,” Humana’s “Monogram” and the Blue Cross “High Deductible” plans. And of course, there are many other inexpensive options with other insurers. Whether you are self employed, uninsured, an individual or a family, we’ll help identify the plans in your state that provide the most coverage at an affordable rate.

Low cost medical insurance plans often include higher deductibles on the major medical benefits to reduce the premium. As an example, by increasing the deductible from $1,000 to $5,000, rates can reduce by as much as $4,000- $5,000 per year for families and $2,000 per year for an individual. For healthy individuals and families that don’t have many major claims, we highly recommend considering this option. Unless you submit many major medical claims, your savings will be substantial.

Another common feature of low cost health insurance plans is limiting the number of covered office visits. Many “Saver” and “Value” policies provide benefits for only two or three symptomatic physician visits. However, typically, these types of policies often cost hundreds of dollars less per month than conventional family plans. If you do not have many office visits per year, it may be advisable to consider this type of health care coverage. Also, many limited office visit policies do include preventive coverage, which makes them an attractive option.

 Low cost children’s health insurance is also available. However, since the cost savings is not significant, a comprehensive policy for children is recommended. In most states, rates are quite affordable and most coverages, such as office visits, prescriptions and preventive benefits, are not subject to a deductible.

Catastrophic Medical Plans

Catastrophic plans are the least expensive type of health care and are also the most popular low cost medical insurance plan. Premiums are low since these types of plans typically do not cover office visits or prescriptions. Major expenses such as hospital stays, emergency room charges, inpatient and outpatient surgeries and other associated costs are generally covered. Other inpatient benefits often include room and board, intensive care unit, operating room, recovery room and professional fees of doctors, surgeons and nurses. We highly recommend catastrophic medical plans when office visits and prescriptions are not a priority and are rarely used.

Short Term Medical Plans

Low cost temporary health insurance (short term coverage) is designed to provide temporary medical coverage…usually for 1-24 months. Premiums are extremely low and the application process is simple. Normally, there are less than 10 medical questions and policies can be approved in 24-48 hours. Depending on the plan, short term policies can offer limited office visit and prescription coverages along with catastrophic benefits.

Typically, short term medical coverage is designed for healthy individuals and families that do not have any major pre-existing conditions. Temporary coverage is often ideal if you are a newly-hired employee, a recent high school or college graduate, unemployed, between jobs and temporarily out of work or waiting for approval for standard health insurance benefits. Generally, a deductible applies to each claim. Once the deductible is met, 50%-80% of the remaining expenses are paid, although your out-of-pocket expenses are normally capped. We carefully research all of the short term plans offered by the major health insurers. We feel it is important to carefully evaluate your specific situation before making a recommendation.

To instantly view, compare or apply for low cost medical coverage, please click on the “Get Instant Quote” button at the top of the page. Your personal information is never shared with any other person or company. Or, please call us at (888) 513 6446 for additional information.