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Looking for group health insurance in Texas? Want to know how to get affordable insurance with a reliable company? Here's how. Group Health Insurance A group health insurance plan is usually cheaper than individual plan because the risk to the insurer is spread over a number of people. With a group health plan a master policy is issued to the group and individual members of that group are issued insurance certificates. Types of Plans The most common plans include: Fee-for-service plans - These are the traditional plans whereby you pay a premium to get health care coverage that includes doctor visits, hospital fees, and prescription drug costs. Before your insurer will pay your bill you must pay a deductible, usually $500 to $2,000. The insurer then pays the bulk of the claim, usually 80%, and you pay the remaining 20%. Because you are allowed to use your own doctors and hospitals, these are the most expensive plans and involve the most paperwork. Health Maintenance Organizations (HMOs) - With these plans you must use doctors and hospitals within an assigned group of health care providers. Coverage includes doctor visits, hospital fees, and prescription drug costs. You pay a monthly premium for these plans, plus a small co-payment for each doctor visit, usually $5 to $10. These are the cheapest plans and have the least amount of paperwork. Point of Service Plans (POSs) - These plans are similar to HMOs in that you must use doctors and hospitals within an assigned group of health care providers, but you also have the option of visiting a doctor outside the group by getting permission from your group primary care physician. These plans cost more than HMOs, but are cheaper than fee-for-service plans. Preferred Provider Organizations - These plans are also similar to HMOs, but instead of paying a monthly fee, you pay for health care services as they are rendered, and are reimbursed by your insurer minus your co payment. You may use a doctor outside the group, but you'll pay a higher co-payment. These plans also cost more than HMOs, but are cheaper than fee-for-service plans. How to Get Affordable Group Health Insurance Depending on the size of your group, health premiums can vary by hundreds, even thousands of dollars a year, so you want to compare rates from different companies. The easiest way to do that is to go to an insurance comparison website where you can get rate quotes from a number companies all in one place. Visit http://www.LowerRateQuotes.com/health-insurance.html or click on the following link to get Texas group health insurance rate quotes from top-rated companies and see how much you can save. You can get more tips and advice in their Articles section, and get answers to your questions from an insurance expert by using their online chat service. The author, Brian Stevens, is a former insurance agent and financial consultant who has written a number of articles on group health insurance in Texas.
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