|
California Health Plans works hard to keep up with all the coverage available throughout the state. We represent Blue Cross, Blue Shield, PacifiCare and Health Net. All are major carriers with excellent ratings, meaning they are financially stable. They all have low cost health insurance California consumers rely on.
A good question to ask yourself before launching your search for coverage is what kind is best for you. Let's start off with an important component like drugs. If you are young and healthy with no kids or can afford several hundred dollars once in a while for medication, then perhaps you don't need a medical insurance policy including medication coverage. Affordable California health individual insurance often comes with varying tiers of copays for drugs. An example of this might be a $50 deductible before insurance pays and the tiers are often in three groups:
- Generic
- Formulary
- Non-formulary
Generic drugs are those which have been out long enough that companies other than the original manufacturers may produce it. They are the same formulation as the original with considerably lower cost. Formulary products are those which the carrier's advisory board finds to be therapeutic equivalent to more expensive products, and therefore are preferred. Non-formulary items, depending on the carrier, have higher copay and require special approval for their use.
The next step on this venture will be to determine deductibles. We can say without reservation that the higher your deductible the lower the rates. So, if, for example, the deductible is $5,000, the plan requires you pay that before any coverage begins. Affordable California health individual insurance participants in high deductible plans generally opt for Health Savings Accounts, which we will address later. Basically, it means you put money into a special account that is drawn on to pay medical expenses exclusively, and is tax deductible. Many who are not concerned about low cost health insurance California plans offer will participate in this coverage to protect their assets in the event of catastrophic illness.
|
