Health Insurance for the Self Employed - Moving to a New Town

Not only does moving to a new location usually mean a change of town-- it often means a change of job. And chances are if you’re employed, you’ll be covered by some kind of managed health care plan.
There are three main types of managed care plans: Health Maintenance Organizations (HMO)
 

Point-of-Service (POS)


Preferred Provider Organizations (PPO)
All of these plans offer substantial health benefits to members and their families If you’re fortunate enough to have a choice of plan, consider the advantages, and disadvantages, of each. Compare the cost of care, the difference in premiums, deductible amounts and your freedom to choose a doctor outside the plan. There are numerous other coverages to compare as well-- from prescription drugs to dental to alternative therapies. Be sure you understand the fine points of each.



A second type of Health Insurance is Fee-for-Service, which normally covers the same expenses as managed care. The difference is your doctor is paid for each visit, with the claim filed by either the patient or the medical provider. A big advantage-- unlike some managed care plans, Fee-for-Service allows the patient to visit the doctor of his, or her, choice.
 

For those of you who are unemployed or self-employed, an individual Health Insurance policy is always an option. Unfortunately rates for these policies are high and the coverage is usually less comprehensive than a managed care plan. The good news is that, in many cases, your insurance premium will be tax deductible. Of course, if you’re married, you can always try to catch a ride on your spouse’s group health plan.

Good luck, stay healthy... and be sure to bundle up
 

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