Los Angeles health insurance plans, or California care insurance, are specifically customized based on the health care needs of the individual and have mobile coverage, meaning the health care coverage for the individual continues no matter what changes occur in the employment status of the individual.
Types of Los Angeles, California Individual Health Insurance Plans
There are different types of Los Angeles individual health insurance plans in California. But before you choose the type of insurance plan, consider first your personal situation: your overall health, monthly budget, specific medical needs, etc.
- HMO (Health Maintenance Organization). An HMO is a health care plan designed to help control costs. HMO is one of the most affordable individual health insurance plans in Los Angeles, California. While California HMO health insurances do offer comprehensive coverage, HMO requires that most or all of your health care needs be obtained through an HMO network provider. Most HMO networks in Los Angeles, California have thousands of HMO health care professionals which gives an insured individual easy and convenient access to HMO medical care when needed. This HMO group of doctors and other medical professionals offer an individual care through the HMO for a flat monthly rate with no deductibles.
- PPO (Preferred Provider Organization). This is another affordable individual insurance plan offered in Los Angeles, California. A PPO plan consists of a network of “preferred” providers in Los Angeles, California and you are free to choose from anyone within that network. PPOs provide comprehensive and flexible health care coverage.
- Health Savings Account (HSA) Plans. A health savings account (HAS) is basically a tax advantaged medical savings account available to consumers in Los Angeles, California who are also enrolled in a high deductible health plan (HDHP). This high deductible plan features low monthly premiums and provides for catastrophic coverage in Los Angeles, California.
- Fee For Service (FFS) Plans. The FFS plan is an example of traditional individual health insurance coverage in Los Angeles, California where the policy holder pays for the service at the time it is rendered and is reimbursed with a percentage of the fee.
California Care Insurance Factors
Before finally deciding on the type of individual health care insurance plan offered in Los Angeles, California, you need also to be aware of the plan costs. Comparing rates from different health insurance carriers in Los Angeles, California and other states is an easy and smart way to get the information you need when formulating your own personal health insurance policy.
- Premiums. Premiums are the payments you make, usually once a month, to keep your insurance coverage in effect. The insurance company determines the premium cost using the information you provide including: health status, medical history, age, and lifestyle factors (smoking, alcohol use, etc.).
- Deductible. The deductible is the actual amount the policy holder is required to pay before the individual insurance plan benefits will begin to reimburse for medical services. It is important to consider personal circumstances and needs when making a decision on the deductible amount.
- Copayments and Coinsurance. A typical HMO plan might require you pay $15 for a routine examination with your primary care physician considered the copayment amount. Coinsurance is normally a percentage amount that is paid by you and your insurance carrier. For example, if your policy provides a coinsurance rate of 80/20, the insurance company would have to pay 80% and you would have to pay 20% of the bill.