July 28, 2012

Health Insurance

Want affordable health insurance? Work with an independent Glendale insurance agent to get the best prices.

Health coverage is one of the most important insurance decisions that an individual or family can make. We at Cornerstone Preferred Insurance can tailor a health insurance plan plan that suits you specifically based on what you are looking to accomplish with your health.

health insuranceFrom lower office copays to higher deductible options, we can help guide you through the process to finding the right health insurance plan for you and your family. Contact us today to get started. We’ll do all the price comparison at no extra cost to you! Call 888-840-4020 to talk to a insurance agent at our Glendale or Santa Clarita office.

Frequently Asked Questions about Healthcare Insurance

Why Do I Need Health Insurance?

Healthcare can be incredibly expensive. Just one night spent at the hospital can be over $10,000! Health insurance allows you to get the healthcare you need without financial ruin. By paying your insurance premium (a set amount of money) on a regular basis, you can offset the cost of medical bills later on.

What Is the Difference Between Copayment, Deductible, and Coinsurance?

  • Deductible: after an injury, there is a set amount that you pay before your insurer will cover you. For example, if your deductible is $1,000 and your total medical bill is $7,500, you are responsible for paying $1,000 and your insurer will cover $6,500. This is different than a premium, which you pay no matter if you get the injury or not.
  • Copayment: this is a set cost for going to see a doctor. Your copayment may vary depending on the doctor; specialists often have a higher copay than primary care physicians.
  • Coinsurance: this is a percentage that you pay for a service. For example, if your coinsurance percentage is 20% and your medical bill is $10,000, then you will be responsible for paying $2,000.

What Is the Difference Between PPO and HMO?

HMO (Health Maintenance Organization): members of an HMO plan will have a primary care physician that will take care of most of their health needs. Before going to see another specialist, their primary doctor will have to provide a referral. Typically, HMO plans are less expensive out-of-pocket, however, they are also much less flexible than PPO plans. HMO plans are also known for covering more preventive healthcare services.

PPO (Preferred Provider Organization): members of a PPO plan will have a network of preferred doctors and hospitals that will offer discounted rates for medical services. Unlike those with HMO plans, PPO members won’t be required to pick a primary care physician but can see anyone in your network. PPO members can also see physicians who aren’t in their network, but they may have to pay higher percentages of their bill.