Get cheap insurance on the web.
Show MenuHide Menu

Basics of Florida Health Insurance

July 8, 2015

It is important to have Florida health insurance to help with any medical needs that you may have, from emergency room visits to standard physician visits. While some insurance companies may not cover 100% of all your medical needs, the cost of medical care without insurance is astronomically high. Your health insurance can ensure that you not only save money on some of the costs, but that you do not have to pay 100% of many different medical treatments and help you stay out of debt. Health insurance can also assist with the cost of medications as well which will help you to prevent paying out of pocket.

Understanding the Basics

While it is simple to understand the importance of having Florida Health Insurance, the basics go well beyond simply knowing that you should possess medical insurance coverage. One of the biggest things that you should take the time to understand is the various types of payments that you may encounter. Premiums, copays, deductibles and more, payments can be both easy to understand as well as extraordinarily confusing at the same time. These various payment types are extremely important to understand and you may want to speak to your insurance broker about the amounts you may see for each of these.

Premiums

The premium for your health insurance will become a constant presence when you possess your Florida health insurance as this is the monthly payment that you generally make to keep your insurance active. You may be familiar with premiums when paying your car insurance, and health insurance premiums are no different. If you have insurance through your workplace, then you will notice that your premiums are deducted from your check with each pay period.

Deductibles

You may have heard people talking about the ridiculous amount they have to pay for a deductible with their health insurance, but do you understand what a deductible is? The deductible of your health insurance is the amount of money you need to pay towards medical bills before your insurance will begin paying for your treatments. This can be extremely frustrating when you have a high deductible and need medical treatment as the amount you will need to pay will be much higher than if you pay your deductible first.

Out of Pocket & Out of Pocket Max

Understanding that out of pocket is literally what you are paying for by yourself or out of your own pocket. This is generally what your insurance does not cover due to deductibles and copays. You’re out of pocket max or maximum is what you need to spend out of pocket until your insurance will cover the complete cost of your medical care. In many cases, the maximum amount you will need to pay is considered your deductible, however some companies do things a little differently.

Copay

Each time you visit your doctor, the emergency room, or even when purchasing prescriptions, the money you will be asked to pay may be called a copay. This is a set amount that you will pay for the services and medications that you need. Copays will general stay the same if you change doctors, however it will depend on whether the doctor accepts your insurance as well as what your copay is set to. Some doctors’ offices charge less for their copay than others, and this will greatly depend on the doctor that you are visiting as each physician’s office is different.

Getting Your Information

When you have questions pertaining to your Florida health insurance, it is best to contact https://floridainsurancequotes.net/health-insurance-quote/ to get the facts that you desire. With today’s technology you can also check your online account for the information you need about deductibles, copays, and other necessary information about your insurance. You can also find much of this information in your insurance info packet that you will receive upon enrollment in your insurance, no matter if it is with your employer or an individual plan.