Choosing the Right Kentucky Health Insurance Plan
Choosing the right
insurance plans means
finding the right balance
between the services you
are looking for and your
budget. To make the right
decision, need to be
aware about all the
changes that are taking
place on the healthcare
Kentucky Health Insurance Plan – Study Options
Kentucky health plans include indemnity health plans or managed-care health plans.
With an indemnity plan, you get the advantage of a wide choice of healthcare service
providers. Managed care plans work largely through a network of providers your health
insurance company has tied up with. They include Health Maintenance Organization
(HMO, Preferred Provider Organization (PPO), and Point of Service (POS) plans.
• With a HMO plan, you see an in-network primary care physician. You would
need to get a reference from this physician to see a specialist. HMOs mean a fixed
monthly payment and sometimes co payments for services utilized, though the
insurance company will not cover out-of-network services.
• Membership a PPO plan means you get a wide choice of doctors and hospitals.
You pay a coinsurance or proportion of the bill for the coverage you get and the
plan pays the rest. A referral is not needed if you want to see an out-of-network
physician, though the plan pays less when you do so.
• POS plans combine features of both HMO and PPO plans. A primary healthcare
doctor takes care of your health. If you are referred out-of-network, your plan
covers most of your expenses. You can also see out-of-network providers without
a referral, but at a greater cost.
Kentucky Health Plans – The HSA Advantage
Health Savings Accounts or HSAs lower your health insurance rates, reduce the taxes
you pay and help build savings for retirement. To qualify for a HSA, you need to have a
high-deductible health insurance plan. When your Kentucky health insurance plan
comes into effect, your HSA also becomes operational. The funds in the HSA earn tax-
free interest and roll over to the next year.
An established health insurance agent is your best option when it comes to choosing the
right Kentucky individual health insurance plan. Look for a website that offers free
health insurance quotes and expert guidance to help make the right decision.
About the Author:
Tracy Mc Manamon and his associates at One Source Benefits have over 22 years of
experience in the KY health insurance industry. They offer free quotes on affordable
Kentucky health insurance plans. For more information, please visit:
Tracy Mc Manamon
One Source Benefits
616 Belleview Blvd