Affordable Individual & Family Health Insurance in Florida, FL

There are several options to consider when shopping for affordable health insurance in Florida . Although policies differ, certain benefits are mandated, such as childhood immunizations, mammograms and diabetes treatment. The type of health insurance plan you choose will affect your out-of-pocket cost, what your plan covers and your premium rates.

High Deductible Health Plans

One affordable plan is a high deductible health plan (HDHP) or often referred to as a catastrophic health plan . Individuals pay higher deductibles in exchange for lower monthly premiums. A deductible is the amount of money you must pay out of pocket first, before the insurance company will begin paying for claims. Deductibles range from $1,100 for an individual policyholder to $2,200 for a policy that covers the whole family.

HDHPs are popular for Florida residents who are basically healthy and do not require ongoing medications or doctor visits. Individuals who choose high deductible polices are usually in their 20s or in their 50s-60s. Why? Young adults who are self employed or have insufficient insurance with their employers opt for this insurance because they can afford it. Healthy older adults want a safety net in the event they have a heart attack or stroke, etc. and want to limit their financial liability for medical expenses.

Under this plan, you will be responsible for medical expenses up to your deductible amount. You pay for office visits, medications, preventive care, ect. Once your deductible is met the insurance company covers the major medical expenses that it deems necessary, like hospital stays, surgeries, lab tests and intensive care.

The costs of HDHPS are significantly lower than traditional insurance. People who choose this policy should be sure that they have enough money set aside in order to pay their deductible if necessary. It is one of the reasons, that Health Savings Accounts (HSA) came about. An HSA allows you to use pre-tax dollars to cover routine health expenses and expenses until your deductible has been met, thus lowering the cost of your major medical insurance.

Taking Care of Business

When it comes to affordable health insurance, the choice really is yours. So don't risk your well being, life and finances by going without insurance.

Do the research on insurance options in Florida. Talk to people in the field and comparison shop for coverage and rates. Always get several quotes online because it is fast and free. You can get affordable Florida health insurance . You'll protect your health for years to come!