HOW TO MOVE TO AMERICA WITHOUT GREEN CARD, US HEALTH INSURANCE – MEDICAL INSURANCE PLAN
Part 2 in our series of understanding how medical insurance plans work in the USA. How to pick a medical insurance plan.
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Are you concerned about how to pick a medical insurance plan?
Wondering what a copay vs deductible is? Or maybe Copay vs co insurance.
How to decide which insurance plan to pick. Should you choose high deductible vs lower premium.
After relocating from UK to the USA…
A few months ago, when it came to picking our medical insurance plan we really struggled to understand the differences and what would benefit us and what was a waste of money.
Healthcare cost money. In the UK this is picked up via progressive taxation & National insurance taxation. In the US this is funded by medical insurance, co-pays, deductibles and out of pocket expenses.
We have just moved/relocated from the UK to the USA. And as we begin our journey and new life here in the US, we thought we would share our understanding of the US healthcare system and insurance with you.
There are 2 main things to consider when choosing a medical insurance plan: Total costs and type of plan.
Total Costs of Health Care = Insurance Premium + Out of Pockets Costs (Deductibles + Co-Pays)
The Type of plan = HMO (Health Maintenance Organisation) or PPO (Preferred Provider Organisation)
Medical Insurance Plan:
• Insurance premium
• Preventative services
• Out of pocket
• Out-of-Pocket maximum
• In Network
• Out of network
REMEMBER Healthcare always has a cost. Someone is paying it. Do not think the NHS is Free, it is not.
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HOW TO PICK A MEDICAL INSURANCE PLAN | EXPLAINED BY A BRIT | RELOCATE UK TO USA | THE A & S WAY
HEALTH INSURANCE – PICKING THE RIGHT MEDICAL INSURANCE PLAN