At The Surrett Group, in addition to competitive quotes from the top carriers in the state, you also get the support of an insurance expert who will guide you through the stressful process of choosing an affordable yet comprehensive Georgia Health Insurance policy for you and your family - whether on the open market or on Georgia's Federally managed Health Insurance Marketplace.
Health Insurance is required for most individuals. Our agents understand, purchasing health insurance is a very important decision, and your needs are unique. Having an insurance broker ensures that you understand the process, and will be educated and informed enough to choose the best policy for you and your family.
There are several types of Georgia health plans and each carrier's terms may be different. Only an expert in the business will know what to look for to get you the appropriate amount of coverage for your health needs and budget. All companies, both ON and OFF the Marketplace, offer instant online quotes, but it is in your best interest to speak with a professional you trust before finally choosing a health plan for you and your family.
Marketplace “Navigators” ARE NOT Brokers
. They are only allowed to assist you in navigating the HealthCare.Gov website. It is illegal for them to discuss and compare individual plan benefits. Most questions you have concerning an insurance policy are benefit and comparison related and therefore not able to be answered legally by anyone except a licensed Broker.
Many people also mistakenly believe that it is less expensive to go direct to the company to get the best price. This is a myth. It is illegal for a Broker to charge more than the insurance company for the same coverage. The opposite is also true. You don't pay the broker either, they are paid by the insurance company. Doesn't it simply make sense to use FREE expert help for a decision this important?
Until recently, most people received their health insurance from their employer. People with low income got their insurance from the government. But now, more and more people are buying private health insurance plans tailor-made for individuals.
First, let's learn about individual health insurance.
What Kinds of Private Health Plans Can I Choose From?
At The Surrett Group, all Georgia individual health plans are available for you to choose from. The only limitation is the plan availability where you live. Here are the most common types of policy:
Health plan costs you need to know about for your individual health insurance plan.
- HMOs (Health Maintenance Organization): HMOs are one of the most affordable health plans available and they offer comprehensive coverage. HMOs have networks of doctors, hospitals, clinics, specialists, and other care providers. Most HMO networks consist of thousands of health care professionals, ensuring you'll have convenient access to medical care when you need it.
- PPOs (Preferred Provider Organization: The PPO is an affordable health plan with an added benefit - you'll have coverage with any health care provider that accepts payment from the plan. That means you can see any doctor or specialist you want, and your plan will cover the care. The PPO is great for flexible, comprehensive, and affordable health care.
- Health Savings Account (HSA) Plans: There are 2 parts to HSA coverage: a high-deductible plan and a Health Savings Account. The high-deductible plan provides catastrophic coverage and features lower monthly premiums that can be paid in pre-tax dollars. The HSA is a tax-free savings account where you save money to pay for routine medical expenses.
- Your premiums: Your premiums are payments you make to keep your plan in effect. Usually, premiums are paid each month. Premiums are set by your insurance company based on factors such as your age and where you live.
- Your deductible: The deductible is the dollar amount you'll be responsible for before your plan begins coverage. Most health plans let you choose your own deductible, so how do you choose the amount that's best? It might seem like a lower deductible would be better. But a low deductible means you'll have to pay higher monthly premiums. It works the other way too - the higher your deductible, the lower your month's bills. You'll have to decide if you want lower monthly premiums or lower medical bills for your health care.
- Copayments and co-insurance: If you have an HMO, you might pay $15 at the doctor's office for a check-up. That's called your copayment. You pay a certain dollar amount of the bill and your plan covers the rest. HMOs offer copayments as low as $10, while PPOs often charge copayments of $40 or less. Coinsurance is similar to a copayment, except it's expressed as a percentage rather than a dollar amount. A coinsurance rate of 80/20 means you'll be responsible for 20% of a medical bill.
- Maximum Out Of Pocket (MOOP): In the event you have a year of high medical expenses or a catastrophic (really bad) event or illness, this is the most money you can spend on Network provided healthcare not including your premium. Since these are non-Medicare plans, prescription medication is also covered by this maximum expenditure limit.