Change is never easy and changes to Texas law have seen the health insurance market explode with a plethora of health plan options. While more competition is always a good thing, it can sometimes be very confusing for consumers who want to get the best deal but are confused by the sudden array of choices.
There's also the added confusion that not all health plans have to contain all the benefits, which means you suddenly have a lot of policies that may or may not contain the things you need. Insurance companies still have comprehensive health insurance plans, but the benefit of this new flexibility is that consumers can choose the benefits they want to pay for. That means insurance tailored to your needs that won't break the bank with costs for things you don't want or need.
You now have a choice between state mandated plans and consumer choice plans. Consumer Choice plans will still include items that the state has determined should be included, such as Alzheimer's disease and pregnancy complications.
The Health Coverage Tax Credit program is also available to help some people pay for their insurance, which can make health insurance much more affordable if you qualify. If you are on a pension, you are likely to qualify, as well as if you are a displaced worker.
You also have the choice between fee-for-service plans and managed care plans. Managed care plans can be less expensive because you may need to go to medical professionals as the insurance company dictates, whereas fee-for-service plans allow you to go wherever you want.
Another great way to save money on your insurance is to see if you can get it as part of a group. Maybe your employer offers insurance or your union. Other associations that offer the possibility of participating in a group plan are churches and professional associations.
Be smart, look around and explore your options. It's the best way to save on health insurance and get a great deal.
