There are a few different signs to tell if the current health insurance policy that you have may not be the perfect fit, including:
- You never hit the deductible. If you have a high deductible plan, pair it with a Health Savings Account (HSA) to pay for out-of-pocket costs.
- You avoid seeing your doctor to save on a copayment. This is never a good sign. Either try finding a plan with a lower copayment or visit a minute clinic. Putting off medical treatment can make a condition worse down the road.
- Your primary care physician (PCP) is not part of your network. Health Maintenance Organizations (HMOs) require that you choose a PCP as your first point of contact for all your medical needs. The cost of visiting an out-of-network doctor typically will not be covered.
- You travel frequently and you have an HMO. Out of state for work or pleasure on a regular basis? You need a Preferred Provider Organization (PPO) plan, my friend. PPOs provide coverage regardless of where you are in the country or what doctor you visit.
- Preventive care services are still costing you money. Due to the Affordable Care Act (ACA), preventive services are provided at no up-front charge to the consumer at the time of the visit. If your plan existed on or before March 23, 2010 (the day the ACA was passed), you could have a “grandfathered” plan. Grandfathered plans do not have to comply with all of the provisions of the ACA.