FLORIDA INSURANCE RATES A DISASTER

Recently, Florida residents along the center of thepolicies vary from agent to agent, even in the same
State got another dose of natural disaster; a horriblecity, so the best bet is to search all available health
tornado blasted through, killed 19 and injured dozensinsurance companies through a total insurance
more. Most of the victims of the storm say they"provider" like: The first step in selecting health
just cancelled insurance because of rising rates - fewinsurance is being knowledgeable about what each
will get their property back - most will go bankrupt.type of policy is, and what they cover. Traditional
Everyday people in Florida talk about insurance. Do Ihealth insurance, also called "fee for service" or 80
have enough, Is my house covered, can I afford to20, is the type of insurance that most of us grew up
buy health insurance? Floridians have had enough andwith. With that type of health insurance, you are
vow to force Congress to fix Florida's insuranceentitled to visit any doctor you choose, and the
problem. Rates for both property and healthinsurance company pays 80% of the bill. 80/20 Plans
insurance have gone up considerably since Katrina hitThis (80/20) type of insurance offers the greatest
the Gulf Coast 18 months ago - some premiumsflexibility, but carries the highest out of pocket
have more than tripled. Insurance carriers like Stateexpenses. One thing to remember...a deductible must
Farm were hit with billions of dollars in losses and onebe met before the insurance company will pay a
expert says, "It's now time for them to make up thedime. Another point to remember about buying health
difference." FLORIDA HEALTH NEWS FLASH How toinsurance; the lower your monthly premium, the
find "Affordable Health Insurance" For Individuals andhigher the deductible will be. The insurance company
Families living in Florida Florida health insurance forusually reserves the right to cap payments if, in their
individuals and families is relatively hard to find andopinion, the doctor's fees are higher than what is
most find coverage expensive or due to healththought to be "reasonable and customary" in your
conditions; not available at all. Health insurance ratesarea. This is an excellent type of coverage to have if
have skyrocketed in the last few years in Florida,you become extremely ill and require a network of
21% of Dade county residents go without healthspecialists, or if your medical bills are astronomical.
insurance even though doing so puts you and yourOnce your expenses for the year reach a certain
family at risk. (read the PDF version) -- Adultslevel, the insurance company will take over and pay
younger than 35 are nearly twice as likely to be100%. PPO & HMO Plans There are two basic
uninsured as adults 45 and older, according to atypes of managed care - HMO and PPO. With a
report by the Blue Cross and Blue Shield Association.Florida HMO, or Health Maintenance Organization, you
Twenty-seven percent of young adults in their 20spay a monthly premium in exchange for
have no health insurance, according to a pollcomprehensive medical care. There is usually a small
conducted by USA Today and the Nationalco-payment for doctor's visits (usually ranging from
Endowment for Financial Education. Affordable health$5 to $25), and a somewhat higher co-pay or
insurance plans are out there, you just have to knowdeductible is needed for hospitalization. The upside to
how to put the Internet to work for you. To findthis HMO Plan is: Your out of pocket expenses are
the best value in a health insurance plan you need tosignificantly easier to predict and manage with an
know that buying insurance policies direct from aHMO rather than a fee for service plan. However, the
"major carriers" without comparison WILL probablydownside of this plan is: an HMO introduces the
cost you. The best way to find a policy is to:concept of a "gatekeeper." In an HMO, you must
• Find a Florida Health Insurance Consultantchoose a primary care physician. That doctor,
• (recommended) • Select theworking in tandem with a risk management insurance
most cost-effective plans • You can talkofficer, will determine your access to specialists.
with a trained consultant - FREE! • BeFinally, a Florida HMO plan requires you to use doctors
covered a lot sooner than you think! One other notethat are part of the Florida HMO's network. If you
on "Florida Health Insurance Web" -- They providetravel a lot, be sure to find out what the provisions
Floridians with a total review of all available insuranceare should you require an out of network doctor.
plans, plus information about health insurance updatedThe other type of plan is the PPO. A PPO, or
daily. Is It Affordable?? Finding affordable health(Preferred Provider Organization), can be considered
insurance has never been easy; it is not "one size fitsa blend of HMO and fee for service plans. You will
all." Depending on your current state of health, yourchoose a primary care physician in Florida, and
budget, and individual needs, the best insurance forgenerally use doctors that are part of the
you may be far different than the best insurance fororganization. However, a PPO lets you see doctors
your friend or another family member. Now withwho are not part of the network for a somewhat
rates so high, what do you do protect your family?higher fee. This increased flexibility is excellent for
Contact an expert insurance consultant and talk tothose who travel frequently, or for those whose
them about your needs. They can show you allcurrent doctor is not a member of the organization.
available policies, not just one policy from one carrier.Health Savings Many other options exist for covering
A basic understanding of the various types ofyour medical expenses. A Health Savings Account
insurance that are available in Florida, and what eachallows you to set aside pre-tax dollars each month.
does and does not cover, can be helpful inCatastrophic insurance carries a low premium with a
determining which plan will work best for eachhigh deductible, and is designed to cover you if you
person. Before you buy insurance for any purpose, adevelop a serious illness or injury. However, for the
talk with a "Florida health insurance consultant" canaverage consumer, the choice is generally between
save you literally thousands of dollars per year.fee for service and managed care. All types of plans
Picking Policies Which policy to choose, how muchcarry their own advantages and disadvantages, and it
deductible is right for me, are my prescription drugsis important to understand what these are in order
covered; these are the things that are on mostto make the right decisions for your family. Find out
people's minds when they look for health insurance.more about you available choices for health insurance
In Florida there are many insurance agents, sellingfrom
their special type of health insurance policy. TheseMore articles from this pro: Q.