If you’re looking for a health insurance policy, you might wonder which kind to buy. There are numerous options, and your choice will affect every other part of your life. One of the biggest decisions you’ll have to make is to go with individual or employer-sponsored coverage. Here, you’ll learn a few advantages of individual health insurance in Ponte Vedra Beach, FL.
Lower Co-Pays
Out-of-pocket costs are one of the most expensive parts of having health coverage. Unfortunately, if you’re under an employer’s policy, those costs may be higher than normal. The copay is one of these costs, and you must pay it each time you visit a provider. Though the amount may vary, with individual insurance, you can choose a plan with a lower co-payment.
Lower Deductibles
Having health insurance won’t save you from every medical bill, but it will help. If you were to opt for your employer’s least expensive plan, you may end up paying a higher deductible, which will leave you on the hook for more of those bills. Shopping for an individual plan may save you thousands if you choose one with a lower deductible.
More Control Over Hidden Fees
So you’re paying a premium, a co-payment, and a deductible. Now, you need a procedure, and you assume your insurance will cover the cost. You could be wrong; there’s co-insurance to consider. Though group health insurance in Ponte Vedra Beach, FL, may be less expensive upfront, an individual plan will give you greater control over those hidden costs.
Gone are the times when an employer’s policy offered all the health coverage you’d ever need. In today’s economic climate, flexibility and affordability are crucial. With an individual health insurance policy, you’ll get all the benefits listed here, plus many more. Call an insurance agent today to learn more or to request a quote.
