Health Insurance Plans in Ohio Through Otto Insurance Group

There are several common types of health insurance plan types. These include health maintenance organizations (HMOs) and point-of-service plans (POS) where the patient chooses their own primary care physician. There are also preferred-provider organizations (PPOs) where referrals are not required, but there are lower rates for in-network providers.

A deductible is what the insured pays out-of-pocket before the insurance company will meet the cost. Federal law caps how much a deductible can be. Deductibles can adjust based on your financial situation and coverage type.

Copays are set fees attached to certain medical services like doctor visits, prescription medications, and other services. These fees must be paid even when your deductible is met.

The cost of your health insurance depends on a variety of factors. The most important thing is your scope of coverage. Other factors like age, pre existing conditions, deductible, copays, and other can affect the cost of your monthly premiums. As you tweak your plan, the cost of your insurance will adjust.

You can lower your out-of-pocket medical costs by paying higher monthly premiums up front for your coverage. Speak with an insurance agent to learn more about your options with out-of-pocket expenses.