Health Insurance Personal Health Insurance is a very important component of any financial planning activity for an individual. If you qualify for an employer plan at work at a discounted price, it will most always be cheaper than purchasing it on your own due to the fact that your employer, in most cases is required to cover some of your health care expenses. However, if you purchase it individually, then you can take it with you from job to job. Like life insurance, it is generally cheaper when the insured is younger, and sometimes not even available if you have a pre-existing condition. Please call, click or complete the attached form for a free quote Health Insurance is referenced by many names. Some people just say; HMO or PPO or Medical Insurance. With Connect Insurance you can request a quote for all types of these coverages. With health insurance you want to to read carefully the descriptions of the various offerings and pick the one that best matches your exposures, your health and your pocketbook. Some types of health insurance coverage you may qualify for are listed below. One our trained health insurance agents will be happy to discuss these options with you and provide a no obligation quote.

HMO
Health Maintenance Organization. A form of health insurance combining a range of coverages in a group basis. A group of doctors and other medical professionals offer care through the HMO for a flat monthly rate with no deductibles. However, only visits to professionals within the HMO network are covered by the policy. All visits, prescriptions and other care must be cleared by the HMO in order to be covered. A primary physician within the HMO handles referrals.

PPO
Preferred Provider Organization. A health care organization composed of physicians, hospitals, or other providers which provides health care services at a reduced fee. A PPO is similar to an HMO, but care is paid for as it is received instead of in advance in the form of a scheduled fee. PPOs may also offer more flexability by allowing for visits to out-of-network professionals at a greater expenses to the policy holder. Visits within the network require only the payment of a small fee. There is often a deductible for out-of-network expenses and a higher co-payment. A policy holder will have a primary physician within the network who will handle referrals to speialists that will be covered by the PPO.

HSA
An account created for individuals who are covered under high-deductible health plans (HDHPs) to save for medical expenses that HDHPs do not cover. Contributions are made into the account by the individual or the individual's employer and are limited to a maximum amount each year. The contributions are invested over time and can be used to pay for qualified medical expenses, which include most medical care such as dental, vision and over-the-counter drugs

CO Insurance
An insurance policy provision under which the insurer and the insured share costs incurred after the deductible is met, according to a specific formulas. A common example of this would be an 80/20 co-insurance policy