Iowa Health Insurance Quotes

Consumers looking for health insurance in Iowa should have a good understanding of how coverage will work, thus allowing them to know which kind of plan works best for them. The most affordable type of health insurance will generally be offered through a group plan, the majority of which are sponsored by employers. However, if a customer is unemployed, self-employed or not covered by their employer, they will typically need to find an individual insurance plan.

An individual health insurance plan will always cost far more in premiums than group coverage, although if a person is involved in a major accident or has an illness, this is likely to cost a lot more than the premiums they will pay for their coverage. Firstly, consumers should be aware that there is no “one-size-fits-all” when it comes to health insurance, and this is because people tend to have very different health needs.

A prime example of this would be a person who very rarely visits their doctor, and therefore would like coverage for basic and routine care. The type of coverage this person would need is very different from someone that suffers from a chronic health condition such as diabetes. So, it is extremely important that consumers have a plan that fits in with their own individual health needs.

The cost of health insurance in Iowa will depend on various factors, although a customer will need to know about certain costs:

  • A premium is the payment that an individual makes to an insurance company in order to keep their coverage in effect. Premiums are generally paid either monthly or annually.
  • The deductible is the amount a person will need to pay towards their medical bills before their insurance coverage takes effect. With that said, many plans will offer to waive the deductible for routine services such as check-ups and annual physicals.
  • If a health insurance policy covers a particular health care service, the policyholder may be responsible for paying a certain portion of the bill. An example of this is a copayment, which may be payable for a doctor’s office visit, and this could be in the region of $25. Coinsurance will involve a policyholder having to pay part of a hospital bill.

When searching for health insurance quotes in Iowa consumers should also be aware of the kind of health plans that are available. The most popular types of health insurance in Iowa include:

Health Maintenance Organization (HMO)
This is considered to be one of the most affordable health insurance plans. An HMO features low premiums, low copayments, and often there will be no deductible for a policyholder to meet. An HMO can best be described as a type of managed care, where a customer will have insurance coverage with a network of doctors, specialists, hospitals and clinics.

Preferred Provider Organization (PPO)
This is another type of managed care, which typically offers two levels of coverage. The highest amount of coverage will be provided to policyholder’s who use in-network doctors, although there is still coverage provided if an individual wishes to get care outside of the network as well.

Health Savings Accounts (HSA)
An HSA is basically a bank account that is used to save money tax-free for a person’s health care expenses. Health savings accounts are usually compatible with any health plans that have a deductible in excess of $1,100.

When searching for quotes, a consumer also has a number of options that will help them to obtain the best quotes, coverage and overall price:

  • If an individual was previously covered under a group policy, they should ask their insurer whether they are able to convert this to an individual policy. The customer will still have to pay a higher rate than before, and the benefits will generally be more limited, although the terms may be better than a customer’s own individual policy.
  • Married couples should see whether they can be added to their spouse’s group plan.
  • Joining a health plan through a professional association or alumni group may work out to be less expensive.

If any of these options are unable to compensate an individual for their lack of coverage, then they should buy individual health insurance. The rates will definitely be more costly, but at least this offers peace of mind and financial protection if someone is seriously ill or injured. In order to obtain quotes for health insurance in Iowa, it is recommended that consumers search through price comparison websites online. This will allow them to compare the features, benefits and of course prices of a number of different insurers, before deciding on the best policy for their individual situation.

Related Information