Group Health Insurance vs Individual or Family Health Insurance

Nevada Insurance Enrollment Answers What Type of Health Insurance Do I Need?

LAS VEGAS - nvtip -- Trying to determine what insurance you or your family need or qualify for can be a struggle. Do you need employer group insurance, private insurance, or ACA Obamacare insurance, or indemnity insurance? Read this article to find out which one would be best for you.

Private Health Insurance
When an individual or family shops and selects their own health insurance policy, whether the coverage has a government subsidy or not, this is a private health insurance plan. A major medical plan will cover your medical bills, hospitals, surgery, doctors, labs, prescriptions, mental health, maternity, preventive visits, etc.

If your plan only pays a certain dollar amount, like $1,000 for emergency room, it may be a "limited liability" health coverage plan. This is NOT a qualified health plan. A major medical plan will cover all the above-mentioned items and more, without a cap. You will have a "maximum out of pocket" limit, which means, once you meet your out-of-pocket max, the insurance company will pay for everything else up to no limits.

It's wise to request the help of a licensed health insurance agent/broker so they can explain how the plan works. Brokers/agents are free to the individual because the insurance company pays them to assist you. Currently, all (ACA compliant) private health insurance plans whether they have a government subsidy or not, may not "underwrite" you (they can't look at your health history, height, and weight, etc.) before they enroll you. Other plans that are not (ACA compliant) can underwrite you based on your health history, height and weight, pre-existing conditions, etc., like "short term" health insurance plans can. Short Term plans generally will not cover free preventative, mental health, maternity, and the prescription plans they offer may be limited.

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Nevada Insurance Enrollment
4260 W. Craig Road suite #150-A
North Las Vegas, NV 89032
(702) 898-0554

Nevada Insurance Enrollment
Shelly Rogers

Source: Nevada Insurance Enrollment
Filed Under: Insurance

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