Health Insurance Is Complicated. We’ve Got Answers.
No one wants to think about those worst-case scenarios. What if you get sick? What if you’re in a serious accident? What if you have a minor injury? What if you need to see a doctor for any reason? Those what-ifs can cause a serious financial burden without health insurance.
- We’ve got you covered.
Whether you need health insurance for your family, your business or yourself, Lighthouse Insurance Group can connect you with affordable plans that suit your budget and lifestyle. We offer a full range of plans to cover every aspect of your life and loved ones, including plans for students, international travel, pets and more.
- Go Lighthouse.
Call us today and talk to a real person. Get answers. Find out how you can access affordable coverage. It won’t cost you a dime to get the information and assistance you need by calling 866-230-0222.
When Family Comes First, We’ve Got Your Plan
You want the best for your family, but it’s not easy to figure out exactly what that is when you’re shopping for health insurance. We get it. We’re here to make your life easier and ensure you get affordable coverage that will protect you and your loved ones.
You’ve got options. Health insurance for your family can be affordable. You can find a plan that fits into your budget, we promise. Plans come at different prices, so it’s important to compare the benefits and rates. Lighthouse will help you compare plans apples-to-apples so you can get a clear picture of what plans include and the cost of each.
Your Family Plan Cheat Sheet
Here are the basics on the most common managed care programs. It doesn’t have to be confusing!
PPOs (Preferred Provider Organization).
Think flexible coverage, money savings and the freedom to choose your doctor. PPOs are popular because they give you choice. You’ll save money if you go to an in-network doctor, but you’ll also have some coverage with out-of-network providers.
HMOs (Health Maintenance Organization).
Think affordable, low copays and potentially no deductible. The catch with HMOs is that you must choose a primary care physician from your HMO network. If you require a specialist, your primary care physician will provide that referral. Services are not covered for providers outside of the HMO network.
POS (Point Of Service) Plans.
Think of this as a combo HMO and PPO. As with an HMO, you’ll choose a primary care physician from the network, and you’ll always see this provider first. Like a PPO, you will have coverage with providers in and outside of the network. (You’ll just pay more for those outside of the network.)
Go with managed care.
When choosing a plan for your family, avoid traditional FFS (Fee For Service) plans. These are not managed care and do not work with health care provider networks.
Attract the Best by Offering the Brightest Plans
You understand the value of providing health insurance to your employees. But as an employer, the cost is increasingly difficult to manage. In fact, everyone is paying more today: physicians, insurance companies, employers and individuals.
The good news? There are affordable options out there so you can continue to offer this critical benefit to your workers.
Your Options. A full range of group health insurance plans gives you choice. Consumer-directed group health insurance plans allow you to take control of health care dollars. The plans provide low monthly costs for you and your employees, and an opportunity for tax-advantaged savings. Managed care group health insurance plans create networks of doctors, specialists and other health care professionals who provide discounted medical care.
Health Savings Account (HSA) Plans.
An HSA works like a bank account. You and your employees contribute tax-free income that can be used for most health-related costs. If savings are not used, those funds roll over for the next year, while building interest. HSAs are accompanied with high-deductible health plans with low monthly premiums. These plans cover major medical issues (catastrophe). An HSA is another benefit you can offer employees.
These plans give the power of choice to your people. They elect where their benefit dollars go by choosing from a menu of coverage options: medical, dental, vision, disability, accident and term life insurance. You and employees share the cost with tax-free dollars, which makes the insurance more affordable for everyone. However, the money contributed toward benefits in this plan does not roll over as with an HSA. Health savings must be spent the year it is deposited.
Managed Care Plans:
PPOs (Preferred Provider Organization).
With PPOs, you’ll get flexible coverage and an extensive network of care providers. You can choose in- and out-of-network providers (though you’ll save more money in network). PPOs with high deductibles pair well with HSAs.
HMOs (Health Maintenance Organization).
This the most affordable group health insurance option available. Employees must go to in-network providers, though HMO networks generally include thousands of health care professionals in your state.
- POS (Point Of Service) Plans.
This combination HMO and PPO plan allows you to choose a primary care physician, but you do not need a referral for a specialist.
Coverage with You in Mind
Health insurance for the individual is a plan designed for you, the consumer. You purchase the plan for yourself, or your family, and you might want individual coverage even if your employer offers health insurance. It’s customized and mobile—individual plans mean coverage you need and protection wherever you go.
Empowered by options.
With individual health insurance, you choose the plan. You decide what benefits suit your budget—and some of those benefits might be more affordable than you think. You can choose from a variety of health insurance plans, from HMOs to PPOs. (We’ll explain more here.)
It’s important to compare plans apples-to-apples by looking at the cost and benefits provided. What will be the copay, and how about the deductible? Does the plan provide a tax advantage? A Lighthouse health insurance specialist is online to help you hash through the details. Ask us anything. That’s why we’re here.
Choose a plan.
There are plenty of individual health plans from which to choose. The most common types are HMOs, PPOs, HSAs and FFS plans. If you are in good health, you might consider a high-deductible PPO with a Health Savings Account. If you’d rather have comprehensive medical coverage, such as preventive care, consider a PPO or HMO plan with a lower deductible. Lighthouse can help answer your questions.
Why individual coverage?
Your employer might offer health insurance, but you can choose an individual health insurance plan. You might prefer individual coverage because it’s customized. In a group, everyone has different health needs and the employer must choose the best plan for the masses. Plus, individual coverage is mobile. With an employer’s plan, leaving your job means leaving the plan.
Speak the language.
You’ve heard a lot of acronyms tossed around—HMO, PPO, FFS—and there is terminology you may not understand. We’re here to help. Before you decide on new individual health insurance coverage, here are some terms you’ll want to know:
Premiums are usually paid on a monthly basis—this is the base price of the plan. Your premium can be adjusted based on age and health status. People who lead healthier lifestyles get less expensive premiums.
This is the amount you pay before your plan starts picking up the rest of the bill. A lower deductible isn’t always better. A higher deductible can mean a lower premium. What would you rather do: Pay more each month, or pay more when you receive care?
Copayments and Coinsurance.
Copayments are fixed amounts you’ll pay per office visit to your provider. Coinsurance is similar but is expressed as a percentage. For example, you might have a $20 copay, or 20% coinsurance fee.
This is an important number. Once you hit an out-of-pocket maximum, the health insurance company picks up 100 percent of the rest of costs. Some plans have exceptions to this.
Wherever in the World You Need Coverage
At Lighthouse, we’re thinking globally because you’re crossing borders and need coverage anywhere, everywhere. An International Health Insurance plan provides you with highly flexible coverage, for short- or long-term travel, so you can rest assured of accessing treatment at home or abroad.
Is your private health insurance enough if you’re traveling or living abroad? That depends. Geographic exclusions and provider limitations can restrict your coverage outside of U.S. borders. International Health Insurance supplements your current coverage, or provides coverage while you are outside of your home country.
You may have heard of travel health insurance plans, and those are ideal for vacations and holidays—short periods of time. You can’t expect these travel insurance plans to be renewable. International Health Insurance plans typically run for 12 months and can be renewed. (Check for exceptions.)
If you want the freedom to choose where you want to receive treatment while you’re traveling outside of your home country, consider an International Health Insurance plan. The plan is good while you’re away, and after you return back home. Learn more by calling 866-230-0222.
Don’t Wait for Tomorrow - You Need an Affordable Bridge
Who knows what tomorrow will bring? That’s exactly why you need to plan, and we know that’s not easy. That’s why there is short-term Health Insurance that can pay benefits like a major medial insurance plan, but for a predetermined length of time. The plans are affordable and give you options. You can choose a deductible that suits your lifestyle and budget. You can gain coverage without going broke. (Now, that sounds like a plan!)
An affordable bridge.
You don’t have health insurance now, for any number of reasons. You know that’s a risky place to be. What if you got into an accident? How could you afford to pay for hospital bills if you became very sick. No one wants to think about these worst-case scenarios—but a reality check is important. Even more important is a solution you can afford, and that is what Lighthouse is providing by connecting you with short-term Health Insurance options.
Lighthouse Insurance Group is here to help you find a short-term Health Insurance plan that works for you, and that means getting to know your needs and hand-picking plans that make the best financial and health sense. Ready to get started? Call and talk to a real person at 866-230-0222.
Health Insurance 101 - Covering Students
You’re focused on your education and what’s next for your future. You’re not thinking about those worst-case scenarios, like what if you were in a serious accident or became critically ill. How would you pay for medical bills? Even a minor injury can be serious financial burden. Going without health insurance is never a good option, and we have some ideas to help you gain affordable coverage so you can have peace of mind—and focus on graduation (and life!).
You’ve got questions about health insurance, and we at Lighthouse have answers. For one, should you stay on your parent’s health plan, or enroll in a school-sponsored plan? And what if you attend school in a different state? What happens after you get your diploma? We’ll walk you through the insurance options and help you choose a plan that suits your lifestyle and budget.
Protect your future.
People between the ages of 19 and 29 are more likely to be uninsured than other groups. If you have to stay in the hospital or visit an emergency room without coverage, you can plan on dishing out thousands of dollars. That wasn’t in your college plan. So, let’s talk about affordable health insurance that gives you options and won’t break the bank. Call us for free at 866-230-0222.