I want a copay plan?
Why get hung up on Copay’s only?
Many clients buy health insurance and rate insurance carriers by the doctor office copay amount offered rather than by what type of coverage the plan offers, what is the maximum amount covered, what coverage area the plan offers, what is excluded in the plan, what rating the carrier has and how much risk are you willing to accept.
The option to offer doctor office visit copay’s is not a benefit that is free of charge to you, the policy will have a monthly added cost to cover such benefits and the carrier knows that a healthy individual might visit a doctor one or two times a year, this option usually doesn’t benefit the policy holder.
Health insurance should be purchased based on the following:
1) Type of plan being offered (PPO / HMO / POS)
2) What is covered by the plan, what is not covered by the plan.
3) What is your maximum out of pocket expense with the plan.
4) How much money are you willing to risk if you become ill.
5) Are you covered outside of their network, do you need referrals for specialists.
6) What capacity does the carrier have to pay claims (A.M. Best Rating).
7) What premium can you afford on a monthly basis without having to lapse the policy.