Health Insurance in Chicago, IL
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Illnesses and injuries are something you’ll undoubtedly run into in your life, no matter how healthy and careful you may be. The right health insurance plan can be a valuable investment and allow you to receive the health care services you need to maintain your health and well-being.
How Does Health Insurance Work? 
Health insurance comes from various sources; many employers offer employer-sponsored health insurance, but you can also purchase health insurance through private insurers or the Health Insurance Marketplace. You may also find yourself eligible for government-sponsored coverage through Medicare and Medicaid.
What Are the Types of Health Plans Available?
Health insurance policies can come in several forms with various limitations and capabilities. The following are common choices of health insurance plans:
- Health maintenance organization plans
- Preferred provider organization plans
- Exclusive provider organization plans
- High-deductible health plans
- Point-of-service plans
Speak to your insurance provider today to discuss your specific needs and find the plan that best suits you and your lifestyle.
How Does Health Insurance Work?
Health insurance works by sharing the cost of services between you and an insurance company. The following are common facets of most health insurance plans:
- Your premium is the regular (e.g., monthly) payment you make to keep your coverage active.
- Your deductible is the minimum amount you must pay for health services or products out-of-pocket before your policy will contribute.
- Copays and coinsurance are flat fees and percentages, respectively, that you’re responsible for paying for specific services as outlined in your policy.
- Your out-of-pocket maximum is the most you can be required to pay for covered services in a single plan year.
Contact Us
The team at Ensured Advantaged in Chicago, IL can help you explore your options and find the right plan for your needs and budget. Contact us today for more information.