Georgia Health Insurance
If you are looking for Georgia health insurance, you have several options to choose from. People living in GA who want health insurance and aren't covered through their work can buy coverage privately or through a professional or trade association they belong to. Georgia residents should also shop around to get the best health insurance rates.
Private Health Insurance in Georgia
Georgia residents may be interested in the following types of private health insurance:
- Preferred Provider Organization - This is a very popular form of coverage. Once you sign up for a Preferred Provider Organization ("PPO"), you choose your primary care physician from a list your insurer gives you. These healthcare providers have agreed to accept your insurance coverage as the full amount of payment for their services, less your copayment or annual deductible. You can choose to seek care outside of your network, but it will end up costing your more money.
- Health Maintenance Organization - A Health Maintenance Organization (HMO) is another choice available to Georgia residents. With this kind of arrangement, the insurance provider will contact hospitals and healthcare providers to negotiate how much they will pay for certain types of services. Some doctors who participate in an HMO organization receive a fixed amount of money each month for each patient they see. Being a subscriber to an HMO may mean that your healthcare costs are lower than with other health insurance choices.
You will have an annual deductible with an HMO. This is the amount you will need to pay out of your own pocket before your HMO will pay for any procedures. In addition, you will likely be required to pay a co-payment when you see a doctor or receive care from a hospital. These strategies are used to keep healthcare costs down for plan subscribers.
Members of an HMO agree to visit doctors and hospitals that have agreed to become part of the provider network. The HMO will only agree to cover the cost of procedures they determine will be effective for their patients. As an HMO subscriber, you may need to wait to get approval before you can go ahead with certain procedures. If you decide to go ahead and have the medical procedure done without waiting to get the proper approval, you may not be able to get it covered after the fact. If your HMO will not approve a certain medical procedure, you do have the right to appeal the decision to the HMO.
- Health Savings Account - You may want to open a Health Savings Account (HSA) to help pay for your medical care. An HSA is used in conjunction with a PPO, POS, or an HMO as a high-deductible insurance plan. Subscribers are allowed to deposit an amount up to their annual deductible in a special savings account. The money grows, tax-free, until it is used to pay for health care services. Not only does the money accumulate interest after being deposited, but the funds you deposit into your HSA are tax deductible. You may even be able to open this type of account with your current bank.
- Health Insurance Through An Association - If you belong to a professional or a trade association, you may be able to get health insurance at a reduced rate. Some alumni associations have also made arrangements with health insurance companies to offer coverage at a preferred rate to their members. To find out more, contact the one that you belong to. They will be able to tell you whether health insurance coverage is one of the benefits they offer.
Shop Around For the Best Georgia Health Insurance Rates
When you are looking for health insurance in Georgia, be sure to shop around to get the best possible rates. Be sure to compare pricing and policy provisions from different insurance carriers to make sure you are getting the right level of protection for yourself and your family. Keep in mind that private insurance often proves to be a better cost-saving route for healthy individuals who would otherwise pay to balance the cost of higher risk members in a group plan.
Before you start looking at rates, first consider what types of medical expenses you are likely to incur. Then find a plan that will provide you with the type and level of coverage you need.
If saving money on monthly premiums is important to you, consider raising the amount of your deductible. Make sure this is an amount you can afford, since you will need to pay this amount out of your own pocket before your insurance company will pay any benefits.
Compare Georgia Health Insurance Quotes Now!
Why don't you start comparing policies for Georgia health insurance today? Click on the free insurance tool at the top of this page to get information from a number of companies. That way, you will be getting the right plan, at the right price for you. Get started now!