Health Insurance in Cerritos, CA
Health care costs can add up quickly and lead to significant financial strain. However, these expenses are often essential, as your health and wellness are critical to your overall quality of life. Given these circumstances, you should highly prioritize using the available tools and resources to manage medical expenses—this is where health insurance comes in.
Why Is Health Insurance Important?
Health insurance can provide critical financial assistance for you and your loved ones as you seek access to preventive care and medical services to maintain or recover your health and well-being. Without adequate coverage, accidents, illnesses and other unfortunate circumstances could incur devastating out-of-pocket costs and jeopardize your financial stability.
How Does Health Insurance Work?
Like many types of insurance, your health plan represents a contractual agreement between you and your insurance company. Acquiring and maintaining a policy through regular (e.g., monthly or annual) premiums can retain potential financial assistance for covered health care costs.
Regardless of how you acquire your coverage, the capabilities and limitations of health insurance may vary and lacking sufficient coverage could leave you with nearly as much hardship as having none at all. With this in mind, you should prioritize thoroughly understanding your plan by familiarizing yourself with the following key terms:
- Premiums are the amount paid to your insurance company to maintain your policy.
- Deductibles are the minimum amount you must pay for medical expenses in a single plan year before your coverage begins to contribute.
- Copays and coinsurance are clauses that establish flat fees or percentages, respectively, for specific services.
Out-of-pocket maximums establish a limit to the amount that you may be required to pay for health care in a single plan year, after which your insurance will pay for all covered expenses.
Where to Get Health Insurance?
Policies may often be made available through your employer or government-sponsored programs (e.g., Medicare and Medicaid). They can also be purchased on the health insurance marketplace or through private providers.
At Mikel's Insurance Services, we have a history of service dating back over 40 years. Our dedicated agents will draw on this extensive knowledge and experience to help families, individuals and businesses understand and address their coverage needs. Contact us today to get started.