Health plans vary tremendously, but the basic comparison factors are relatively simple – you should analyze benefits, price, and providers of any plan.
You should research the benefits of various plans to find what each covers. Assessing the following benefits will provide practical help evaluating policies:
Compare plans with similar benefits to determine which plan offers the best value for your money. Your employer might offer several options from which you could choose:
This is an important area you should investigate. Traditional insurance plans allow you to choose your own doctor, but managed care plans include preferred provider organizations (PPOs), health maintenance organizations (HMOs), and point of service (POS) plans. These plans often restrict your choices of medical services providers to an approved list. The list could prove crucial in deciding whether to enroll in a given plan.
California regulations require small group health plans to enroll a minimum of 75% of eligible employees. Employers must pay a minimum of 50% of the basic coverage plan. State regulations also include the following restrictions:
Some of the top California group health providers include Kaiser Permanente, Anthem Blue Cross, United Health, Aetna, Health Net, Blue Shield of California, and United Healthcare. These providers offer a variety of health plans, including; HMO, PPO, EPO, POS, HRA, HSA, and Indemnity plans.