Select Health Plans 2018: A Comprehensive Guide
As the new year rolls in, it's time to review and update your health insurance plans. Select Health Plans 2018 offers a range of options to suit your healthcare needs and budget. Let's dive into the key aspects you should consider while choosing your health plan for the year.
Understanding Health Plan Types
Before we delve into the specifics of Select Health Plans 2018, let's quickly recap the three main types of health plans:
- Health Maintenance Organization (HMO): HMOs typically require you to choose a primary care physician (PCP) who coordinates your care and refers you to specialists within the network.
- Preferred Provider Organization (PPO): PPOs offer more flexibility, allowing you to see specialists without a referral and use out-of-network providers, although at a higher cost.
- Point-of-Service (POS): POS plans combine features of HMOs and PPOs. You'll choose a PCP, but you can also see specialists without a referral, and use out-of-network providers, but with higher costs.
Select Health Plans 2018: Key Features
Select Health Plans 2018 offers a mix of HMO, PPO, and POS plans, each with its unique set of features. Here are some key aspects to consider:
Bronze, Silver, Gold, and Platinum Plans
Select Health Plans 2018 categorizes its plans into metal tiers, indicating the level of cost-sharing between you and the insurer. Bronze plans have the lowest premiums but highest out-of-pocket costs, while Platinum plans have the highest premiums and lowest out-of-pocket costs.
Prescription Drug Coverage
All Select Health Plans 2018 include prescription drug coverage. The specific drugs covered and the costs vary by plan. Be sure to check the formulary (the list of covered drugs) to ensure your medications are included.
Deductibles, Copayments, and Coinsurance
Understanding these cost-sharing mechanisms is crucial. A deductible is the amount you must pay out-of-pocket before your insurance kicks in. Copayments are fixed amounts you pay for specific services, while coinsurance is a percentage of the cost you pay after meeting your deductible.
Top Select Health Plans 2018 Picks
Based on a balance of coverage and cost, here are our top picks for Select Health Plans 2018:
| Plan Name | Metal Tier | Deductible (Individual/Family) | Out-of-Pocket Maximum (Individual/Family) |
|---|---|---|---|
| Select HMO Bronze 1 | Bronze | $6,000/$12,000 | $6,600/$13,200 |
| Select PPO Silver 2 | Silver | $3,000/$6,000 | $7,350/$14,700 |
| Select POS Gold 1 | Gold | $1,000/$2,000 | $6,600/$13,200 |
Remember, the best plan for you depends on your specific healthcare needs and budget. Always review the plan details carefully before making a decision.
Enrolling in Select Health Plans 2018
Open enrollment for Select Health Plans 2018 typically runs from November 1 to December 15. If you're eligible, you can enroll through the Health Insurance Marketplace or directly with Select Health Plans. If you miss the deadline, you may only be able to enroll if you have a qualifying life event.
In conclusion, Select Health Plans 2018 offers a variety of options to meet your healthcare needs. By understanding the different plan types, key features, and our top picks, you're well-equipped to make an informed decision. Happy planning!
