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Taylor Insurance Agency in Plano, TX offers a wide range of health insurance plans sourced from reputable insurance and benefits providers. We diligently assess proposals from all available carriers to introduce and educate you and your family about the benefits.
Our agency provides a comprehensive array of insurance products and services, with our experts in Plano, TX offering ACA, PPO, EPO short-term insurance plans, and more. These offerings are tailored to address your financial requirements.
Our Plano, TX team can assist you in selecting from several cost-effective health insurance plans, many of which are gaining popularity in the individual and family market. We’ll help you understand the differences in coverage and costs among these plans. Our health insurance plan experts in Plano, TX specialize in consulting with you to determine the ideal plan. Often, it’s more economical to carry different coverages for individual family members based on their specific needs. Family coverage can lead to savings through bundled deductibles and maximum out-of-pocket expenses.
Child-only insurance policies have become increasingly popular, especially as employers provide less coverage and healthcare costs rise. These policies offer coverage for your most cherished family members, whether they’re away at school or engaged in accident-prone sports.
Below are common terms that you’ll see when choosing a plan. Our Plano, TX team understands health insurance inside and out, and we can help you choose the one that’s right for you:
Indemnity (Fee-for-Service, or FFS) Plans:
These medical plans offer the greatest flexibility in choosing your doctors and have the best overall value built into their plans. The limitation with Indemnity plans exists in the amount of the reimbursement that an insured party can receive to cover medical expenses. The medical expense reimbursement amount can range from a per-day cost and set percentage to the actual costs of the medical expenses. Many of these are hybrids and are adjusting PPO and POS components.
Short Term Plans:
Our McKinney team offers short term health insurance plans that tend to fall under the PPO umbrella but closely resemble a medical major plan in that they will have a deductible option and copay. They will have a limited time frame depending on your state that you will have to requalify for to renew.
ACA/Marketplace plans:
was signed into law in March 2010. It was designed to extend health insurance coverage to millions of uninsured Americans. … It prevents insurance companies from denying coverage due to pre-existing conditions and requires plans to cover a list of essential health benefits. The law provides consumers with subsidies (“premium tax credits”) that lower costs for households with incomes between 100% and 400% of the federal poverty level.
Preferred Provider Organizations (PPOs):
These plans contract with a network of hospitals and doctors who provide services at a negotiated rate. This means you have access to any PPO provider in the network, whether a primary care physician or specialist. PPO members can go to doctors or hospitals that are not in the network but may have to pay a higher cost for doing so. Our team in McKinney, TX recommends PPO health insurance if you are looking for insurance that is both affordable and flexible.
Point of Service (POS) Plans:
These medical plans are a combination of the PPO and HMO models. Like an HMO, there is a PCP providing referrals to in-network doctors. Like a PPO, you can see providers outside the network and pay more of the cost.
Health Maintenance Organization:
Typically require a copayment fee of non-preventative visits. Must see your primary care provider (PCP) for a referral to a specialist. Networks are more limited.
Exclusive Provider Organization (EPO):
Our team in Plano, TX offers EPO health insurance options. EPO is a new plan option with the mass exit of many PPO’s in various states, allowing you to see a specialist without a referral.
A Family Health Insurance plan will cover the financial needs of an entire family under the sum insured defined in the policy. This requires every family member to be on the same plan, regardless of individual usage or need. This complete coverage amount can be easily availed by any one or more members in a situation where medical aid is needed via finances.
Add-on Options
Additional Financial Risk Helpers
Critical Illness (Heart attack / stroke / cancer) Coverage
These plans can provide you with a fixed amount of money for your living expenses or a benefit for your medical expenses.
Accident Insurance
These plans cover you if you are in an accident and can have coverage for on or off-the-job events. They typically also carry a benefit for accidental death or dismemberment.
Accident Disability
These plans will give you income if you are disabled due to an accident. There are many riders that can be added to these policies that have different exclusion periods and have different periods of time that they would provide coverage.
Services Offered
Dental
Indemnity Plans
Vision
Health
Long Term Care
Critical Illness/Cancer
Life Insurance
Short Term Medical
TeleMedicine
Accident Plans
Medicare
