These days, people can’t afford to take chances when it comes to their health. Medical services are always on the rise, and an emergency hospital stay could easily wipe out your savings. Whether you are self-employed, retired, or a student in Las Vegas, Nevada, you should look into getting a health insurance policy for these unexpected expenses.
With so many different options, choosing the right health insurance plan can be overwhelming. While most policies cover emergency medical procedures, it gets confusing when you factor in surgeries, pre-existing ailments, and critical illnesses. Read on to understand the different types of health insurance options that would best suit your budget, needs, and lifestyle.
Health Insurance Options to Avail in Las Vegas, Nevada:
- Health Maintenance Organization (HMO) Insurance Plan
HMO plans offer a wide range of healthcare services to their clients by partnering with a network of hospitals and physicians. If you opt for this type of policy, you can avail of more preventive services, such as doctor consultations, laboratory tests, and hospital confinements.
The downside is you can only choose from the insurance company’s list of partner institutions. You may also need a referral before going to a specialist. However, HMO services are getting competitive these days, and many insurance companies have a long list of accredited doctors, clinics, and hospitals.
- Fee-for-Service (FFS) Insurance Plan
This is a health plan in which the patients can choose to see any doctor or hospital and pay only for the medical services they avail. Either the health plan pays the healthcare provider directly or reimburses the patient after. An FFS policy is slightly more expensive than standard managed care plans, but its customizable option is perfect for professionals and freelancers who don’t require regular medical care.
- Preferred Provider Option (PPO) Insurance Plan
PPO is another flexible health insurance option that’s popular among the individual and family market. It’s more expensive than HMOs, but you’ll have a broader range of coverage and more control. You can avail of medical services from whatever in-network hospital and doctor without having to get a referral from a primary care physician.
- Point-of-Service (POS) Insurance Plan
A point-of-service health policy combines the features and benefits of HMO and PPO plans. Like an HMO, members have to choose from a list of accredited healthcare providers. They’ll also need referrals whenever they need to see a specialist. On the other hand, they have the option to go outside the provider network and shoulder some of the cost.
In Las Vegas, Nevada, there are so many different insurance companies and healthcare packages. Choosing the right one is crucial so you could protect yourself from medical emergencies. Make a list of your wants, needs, priorities, and budget. Health insurance plans are an additional monthly bill, so you want to sign up for the one which can give you the most out of your investment.
If you are looking to get health insurance in Las Vegas, Nevada, Semel Risk Consultants is your best option. Get in touch with us today, and our team can help you go through this maze of policy options for your specific needs.
