A prospective client looking over a Health Insurance quote recently asked me to explain the difference between the prices for In Network and Out of Network. This seemed like an apropos place to start this blog.
Health Insurance providers create networks of physicians and hospitals that are contracted to provide reduced rates for their clients. Health care providers that have a valid contract with a health care provider are referred to as being In Network. Providers that do not have a contract are considered Out of Network and can charge more. Most Insurance providers will still cover a portion of the bill if you go to a physician or hospital that is Out of Network , however your costs may increase due to the higher charges.
How to use this information:
Before looking for new health insurance coverage, contact your doctor and find out what Insurance providers they work with. When you contact your Health Insurance Agent, let them know what your doctor accepts. If you do not already have a doctor that you see regularly, your agent can still help you select an insurance policy and assist you with locating a doctor that is in network to help you keep your costs down.
For more information or to speak with an agent contact us or visit www.deutschinsurance.com
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