What Does Triple Option Mean For Low Cost Health Insurance?

By Robert Fredricks Posted in Health Insurance News

Wouldn’t it be great to have 3 choices of health care from one health insurance company? That’s exactly what the triple option for health insurance buyers provides. But, because the premium rate can widely vary, you may be thinking, “what does triple option mean for low cost health insurance.”

Is One Option Really The Best Deal?

If you are in good health and have no dependents minimum coverage for a yearly checkup and an occasional antibiotic for a common cold would work. But, if you have a family you want extensive coverage for your wife and children. Yet, if your health insurance offers only one type of coverage, you may have inadequate care or pay for more then you need.

How Do The Different Options Help?

So, what does triple option mean for low cost health insurance? Its like choosing a car from a dealer that offers you a luxury, sporty or an economy car. Each car has different performance, comfort and price. Similar to the car dealer, a single health insurance company can give you 3 coverage and cost options.

Your options may be Indemnity, PPO (Preferred Provider Organization) and a HMO (Health Maintenance Organization) health insurance. The Indemnity, costs the most, yet gives you the largest number of physicians and hospitals to choose between. Less costly, the PPO has a considerable amount of physicians and hospitals to select from. It also allows direct contact with your choice, without first seeing the primary physician (gatekeeper) unlike HMO. Then, with HMO, your have a lot less physicians and hospitals to pick from, but won’t pay a deductible and have the lowest cost.

Related posts:

  1. What Is PPO Health Insurance Coverage?
  2. How Does Pacific Care Health Services Keep Such Happy Customers?
  3. What Is An IPA For Health Insurance?
  4. What Does Public Option Health Insurance Coverage Mean?
  5. How Do You Choose The Best Option For Low Cost Health Insurance?

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