Health Insurance in Colorado Springs, CO

Financial limitations should never be a reason you or a loved one suffers through injury, illness, pain and discomfort. Unfortunately, this is a possible reality for those who lack adequate health insurance. With this in mind, taking time to understand and invest in a suitable health insurance plan should be among your top priorities. At Las Palmas Insurance Services, we’re here to help.

How Does Health Insurance Work?

Like many types of insurance, your health insurance policy represents a contract between you and your carrier. You’ll typically make regular payments, known as premiums, which keep your coverage active and give you the ability to receive financial assistance for certain medical services and products.

While health insurance plans can vary significantly in their exact functionality and capabilities, you can generally anticipate costs and coverage by understanding the following parts of your policy:

• Network—This is a group of doctors, specialists, hospitals and other health care professionals and facilities that are covered under your policy.
• Premium—This is the amount you pay regularly for your coverage.
• Deductible—This part of your plan establishes a minimum amount you’ll need to pay out of pocket in a single plan year before you’ll be eligible for financial assistance.
• Copays and coinsurance—These refer to flat fees and percentages of total costs you contribute for specific services, such as X-rays.
• Out-of-pocket maximum—After reaching this figure, you won’t have to pay out of pocket for additional covered services for the remainder of the plan year.

How Can I Get Coverage?

Health insurance may be available through various means. Many people enroll in group health insurance plans through their employer. These arrangements can often offer lower rates than you might find when shopping for individual plans. Alternatively, finding your own coverage on the Health Insurance Marketplace may be more expensive, but it might also offer more opportunities to personalize your plan according to your needs.

Learn More

At Las Palmas Insurance Services, we can help you and your family find the right coverage. Contact us today to discuss your options.