Florida Health Insurance Companies
The different health insurance companies in Florida offer a range of choices to cover your health care needs. These insurance plans include:
- Co-pay plans
- HSA's (Health Savings Accounts)
- Major Medical
- Limited Benefit
- and Etc.
What do you need to consider when choosing a provider in Florida?
Each company has different policy designs. Some cover almost everything and others cover hardly anything. It is vital to look at your own needs and compare these with the company's plan you are considering. Determining which company will cover your current medications, place a rider on a pre-existing condition, cover wellness exams, and give you the best price are very important to finding fitting coverage. Since health insurance plans are regulated by the state, we cannot design a policy to cover only items you want. We can change options of a policy, like the deductible and coinsurance but not the plan features.
Working within these bounds enables you to find coverage that best suits your needs. For instance, many people who are fairly healthy could save money by looking into a HSA policy over a traditional co-pay plan. The HSA plan designs cost less than the more traditional plans most individuals are used to. The savings could be hundreds of dollars a month, for a family.
HSA plans, in short, make you pay for your yearly deductible first before they start to cover your expenses. A downside to this type of plan is that, unlike traditional plans where you have a co-pay of $20-$50, your normal visits to the doctor may have higher out of pocket costs to you until your deductible is met. However, your monthly savings and the tax benefits will make up these losses easily. Another benefit of the HSA vs. co-pay occurs when you meet with large medical bills. In these situations HSA plans typically have a lower MOP (Maximum Out of Pocket) than more traditional health insurance plans due to most not having coinsurance like co-pay plans.
In Florida, HSA's don't differ much except each insurance carrier has different deductibles and family maximum out of pocket.
Another item most people should look into is the MOP (Maximum Out of Pocket) each company builds into their plans. By looking at your insurance company's deductible, coinsurance ,and family maximums you can find the amount of money you are liable to pay to health care providers. Knowing the how different companies treat these situations can possibly save you thousands in your total medical expenses, including the cost of insurance.
Florida's Health Insurance Companies
Aetna Assurant Blue Cross Blue Shield Cigna Humana United Health One
Look up your companies A.M. Best rating below. Ratings do not imply quality of an insurance company's plans, just their ability to pay your claims.
This list is by no means definitive, but these are the major companies in Florida.
To get a review of the plan you currently have or are looking to purchase please call us at (305)-396-1836 or fill out one of our contact forms.
