Health Insurance

HMOs
A traditional HMO offers comprehensive coverage through a network of doctors, hospitals, clinics, specialists and other care providers. When your client selects an HMO, they must also select a Primary Care Physician (PCP), and will need to request referrals for all specialist doctor visits. These plans typically carry a higher premium price tag, and require co-payments for all doctor
office visits.

PPOs
A PPO offers the added flexibility of being able to select any doctor or specialist without the need for referrals. A traditional PPO offers in-network and out-of-network rates for all doctors, hospitals, clinics, specialists and other care providers. Premiums typically cost more than consumer-driven health care plan options, and your client will be responsible for meeting a deductible and paying co-insurance on services rendered.

HDHPs
High-deductible health plans are full coverage health plans that offer significant premium relief, in exchange for a higher deductible. These consumer-driven health care plans are available in conjunction with a tax-free Health Savings Account (HSA).

HSAs (Health Savings Accounts)
A tax-free interest earning account your client can set up when enrolled in a HDHP. Individuals can use this account to pay for out-of-pocket health care expenses, or keep the balance and use it as an additional retirement account. Balances rollover every year, so the individual controls the money, and decides how to spend, save and invest it over the life of the account! 

Short-Term Medical Plans
Short-Term Medical Plans offer the coverage your clients may need during times of transition and change. They offer both traditional and consumer-driven health care options.

How do I choose what coverage is right for me?  The best option is to talk to a Karstens Financial representative but most of the time.  It depends on you and your families individual health, budget and doctors you are already using!