Health Insurance in Bingham Farms, MI
Your health and wellness are essential to your daily quality of life. Even minor ailments and injuries could quickly become major inconveniences that hinder your ability to fulfill your obligations and enjoy hobbies. Fortunately, the right health insurance plan can help provide preventive care and medical services to ensure you can maintain or recover your well-being. 
Why Is Health Insurance Important?
Your health insurance policy represents a contractual agreement between you and your insurance carrier. Like many types of coverage, under your health insurance plan, you agree to pay regular (e.g., monthly) premiums. In return, your insurer agrees to assist you with covered medical services, potentially limiting bills that could otherwise drain your wallet and bank account.
What Does My Policy Cover?
Your coverage may assume many forms, such as health maintenance organizations (HMOs), preferred provider organizations (PPOs) and high-deductible health plans (HDHPs). Each type of health plan may also be customizable to suit your needs, preferences and budget. Still, while there may be many changeable aspects of policies, many can render financial aid for the following:
- Hospitalization
- Emergency services
- Outpatient services
- Prescription drugs
- Preventive care
- Laboratory services
- Mental health and substance abuse services
- Maternity, pregnancy and newborn care
- Rehabilitative and habilitative care and devices
- Pediatric services
How Coverage Works
Your health insurance plan is composed of several key features that work in tandem to determine what services are covered and how much your carrier will contribute. Familiarize yourself with the following parts of your policy to avoid being caught off guard by your costs:
- Premiums are the regular amounts you pay to maintain your plan.
- Deductibles are the costs you’ll need to pay out of pocket for covered services before your carrier will contribute.
- Copays are flat amounts you contribute toward specific health care services, such as X-rays and checkups.
- Coinsurance functions similarly to copays but instead of flat fees, your contributions are a percentage of the total cost of a service or procedure.
- Out-of-pocket maximums are the most you’ll be asked to pay for covered services in a single plan year, including your deductible, copays and coinsurance.
Get the Right Coverage
Contact Sweet Insurance Agency today to learn more about coverage options.