Health Insurance Considerations
A lot has happened to the health insurance market in recent years. You have several choices when shopping for individual or family health insurance on the private market. We help you sift through those options to find a health insurance policy that fits your needs and budget.
We can help you better understand the differences between the different types of health insurance policies, including:
- High deductible health plans
- And more
If you are young and healthy, you may need less coverage than someone with a pre-existing medical condition or a pre-disposition to illness. If you have a particular doctor you want to see, you might need the flexibility of a preferred provider network (PPO) instead of a health maintenance organization (HMO), which restricts coverage to only a particular network of physicians.
Listen to Larry Goebel explain how the Affordable Care Act (Obamacare) works.
Deductibles play an important role in your coverage and premiums, too. Low deductibles require you to contribute the least amount of money out-of-pocket toward the cost of your care, but they can also result in higher premiums. On the other hand, high deductibles require greater financial responsibility for claims, but they can provide tremendous savings on monthly premiums.
High-deductible health plans can also qualify you for a health savings account (HSA). You can contribute and invest a limited amount of money tax-free into your HSA each year. The money and any interest or dividends it accrues remains tax-free so long as you use it for qualified medical expenses.
Why Shop Independent?
When you are shopping for health insurance, you are making important choices that could affect the future outcome of your family’s finances. Instead of deciding alone, always work with an independent agent who understands how to assess your needs, address your concerns, and come up with solutions that fit your household.
At GOEBEL Insurance & Financial, we have the flexibility of shopping and comparing health insurance policies from multiple Wisconsin carriers. This makes it easy to decide which company will offer the most competitive rates on the coverage you need.