Health Insurance in Ann Arbor, MI

Health insurance plays a vital role in your daily well-being and financial stability. The various financial protections and coverage options available through health insurance plans can help ensure that you and your loved ones are able to maintain good health and recover from injuries and illnesses with limited financial repercussions. Understanding and securing the right coverage is critical.

How Health Insurance Works

Although health insurance may come in many forms, the general concept of policies remains the same. As the policyholder, you make selections regarding your coverage and will be responsible for making regular payments to maintain your policy. In exchange for these payments, you can receive financial aid for covered medical services and products.

Your policy is made up of the following key specifications:

• Premiums are the amount you pay to maintain your coverage.

• Deductibles are the minimum amount you must pay out of pocket before your policy can contribute.

• Copays and coinsurance are flat fees and percentages respectively for which you’re responsible when receiving specified services.

• Out-of-pocket maximums are the maximum amount you can be made to pay out of pocket for covered services in a single plan year.

• Networks establish the hospitals, doctors and specialists covered under your policy. Many plans may significantly limit coverage outside of your network.

Where to Buy a Plan

There may be various options for obtaining and maintaining your coverage. Consider the following options:

• Employers may offer group health plans to eligible employees, often allowing for reduced rates compared to individual and family plans.

• The Health Insurance Marketplace may offer individual and family plans that can be tailored to your unique needs.

• Government programs, such as Medicare and Medicaid, may offer affordable coverage to eligible individuals and families.

How Much Does Coverage Cost?

Many factors may influence health insurance rates. While carriers’ exact quoting processes may vary, you can generally expect the following criteria to be considered:

• Type of plan (e.g., health maintenance organization or high-deductible health plan)

• Where you live

• Details of insureds (e.g., how many people are on the policy and their ages and genders)

• Coverage limits

• Deductibles

We’re Here to Help

Contact Active Insurance Agency today to learn more about coverage options and ensure you have the right health plan.