woman in a cast signing forms for health insurance McAllen

3 Factors to Consider When Getting the Health Insurance Plan that Fits You

It has never been more important to have personal health insurance than now. Without it, you risk being endlessly stressed or may experience debilitating debt while trying to receive medical attention. Knowing what type of health insurance you need can be difficult to decide.

At Shepard Walton King, we’ll present the information simply to help you make the best decision. Read on to learn more about 3 factors that can impact the health insurance plan you choose.

Seek Prescription Coverage

As much as we don’t like it, getting sick is inevitable. To help you focus on getting better when it happens and not on the costs of your prescriptions, we recommend finding a policy that will cover your medications.

Look into a Healthcare Expenses Account

A healthcare expenses account is designed to cover the costs of medication, contact lenses, and other miscellaneous medical fees. Not every policy offers this, so it’s good to ask if a policy offers this or something similar. It’s important to note that once pretax income time rolls around, the contributions you make on this flexible spending account can be subtracted. 

The Three Types of Plans

As you being searching for the right insurance, we encourage you to familiarize yourself with the following terms: 

  • A Health Maintenance Organizations plan is regarded as the most affordable. However, this plan limits your choice of doctor or physicians available in your network.
  • A Preferred Provider Organizations (PPO) plan allows you to seek medical attention from physicians outside of your network. If you do, you will be charged a hefty fee and will be expected to pay for your own services.
  • A Point-of-Service (POS) plan is essentially a combination of HMO and PPO plans. Mainly, with a POS plan, you will need to see an in-network doctor before seeking attention from an out-of-network specialist. 

We Make Choosing Easy

At Shepard Walton King of McAllen, we know how difficult it is to evaluate your options, scrutinize the benefits, and come up with the right choice. Send us a message online to ask about our services and how we can help you find the health insurance policy in McAllen.

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