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  • December 1, 2017
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Helpful Information for Anyone Who Doesn’t Understand Health Insurance

When shopping for health insurance plans in Los Angeles, there are industry-specific terms that are used, such as coinsurance, deductible, and plan level, that can make things confusing. Luckily, we are here to help.

We have gathered some very general information that can help you as you look for an individual health insurance or group health insurance policy.

Health Insurance is Just a General Term

Health insurance is just a general term that is used to describe a type of insurance. There are dozens of different plans offered by multiple insurance providers. Each plan is different and provides different coverage.

For example, some plans may provide coverage for the same services, but the amount you are responsible for paying will vary. Other plans offer coverage for different services that might have been excluded on other plans.

Most insurance plans, whether it is individual health insurance or group health insurance, are divided into one of four categories: bronze, silver, gold, and platinum. Bronze plans are often the cheapest, but they have the highest out of pocket expense and lower premium. Platinum plans cost more when it comes to premiums, but they cover more and your out of pocket expenses will be less.

All Health Insurance Plans Need to Provide Specific Services

Health insurance companies can tailor make their plans to include or exclude certain services. However, there are specific services that they are required by law to cover.

Services that need to be included with any health insurance plan include:

1. Emergency care
2. Hospitalizations
3. Outpatient care
4. Lab testing
5. Mental health services
6. Substance abuse recovery services
7. Rehabilitation services
8. Preventative and wellness services

If you don’t understand health insurance, don’t try to find a policy on your own. Instead work with an insurance agency like Absolute Value Insurance Services, Inc. We can help you find the best individual health insurance policy for your needs. Call us to learn more about how we can help you explore your options for health insurance plans in Los Angeles.

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