Health insurance is designed to reduce your healthcare costs and help you access healthcare services. Contact Heritage Agency: Real Estate & Insurance in Hermann, Missouri, today to get the coverage you need.

What Is Health Insurance?

Health insurance helps provide coverage for healthcare-related bills according to the plan’s Summary of Benefits and Coverage during the time you are insured.

Depending on your plan, you may be responsible for copays when you visit a doctor or seek medical services. You may also be responsible for paying a deductible, which is a certain amount of money you’ll pay out-of-pocket before your health insurance coverage kicks in.

All major medical plans are governed by the Affordable Care Act (ACA), which mandates that they provide essential coverage, including:

·        No limitations due to pre-existing conditions

·        Coverage for essential health benefits (EHBs), including preventive care

·        Guaranteed issue regardless of applicant’s medical history

How Health Insurance Works

Health insurance can help you cover healthcare costs so you can spend less out-of-pocket. Coverage from health plans varies, so it’s crucial to talk with your agent and get help customizing your coverage.

When you purchase health insurance, you’ll pay a monthly premium whether or not you use healthcare services. When you need to see a doctor, undergo medical testing, get emergency medical care or use other healthcare services, your insurance may pay a portion of your bill.

How Health Insurance Deductibles Work

Most health insurance plans require that you meet an annual deductible, which is a set amount of money you pay out-of-pocket for healthcare services before your health insurance starts to pay a portion of your medical bills.

You may also be required to make a copayment of a set amount or percentage of the total bill each time to receive a healthcare service.

Some health insurance plans have a maximum out-of-pocket amount, after which your health insurance may pay 100% of your covered healthcare costs.

How Many Health Insurance Plans Are There?

There are two major types of health insurance plans in the United States:

·        Public healthcare coverage includes Medicaid, Medicare, CHIP and VA coverage.

·        Private healthcare coverage may be purchased through the healthcare marketplace or you may get access through your employer.

Depending on your needs, your agent may recommend some of the following healthcare plans and plan supplements:

·        Disability insurance

·        Child health insurance

·        Travel health insurance

·        Medical expense insurance

·        Prescription insurance

·        Group health insurance

·        Individual and family health insurance

·        Temporary health insurance

·        Supplemental health insurance

·        Vision insurance

·        Dental insurance

Where to Get Health Insurance

If you don’t currently have access to employer-provided group healthcare, you may be able to find coverage by shopping the marketplace for health coverage from a health insurance company. Depending on your income and family size, you may be eligible for cost-sharing reductions or premium subsidies.

Contact Heritage Agency: Real Estate & Insurance to get a quote and learn more about how to get health insurance coverage.