Health Insurance Plans
Navigating the world of health insurance is essential for protecting both your well-being and your financial stability. At Vida Wealth Group, we simplify the process, helping you find a plan that provides the right coverage for your unique situation. Whether you are an individual, a family, or are exploring your Medicare options, we offer clear, expert guidance to ensure you can access the care you need with confidence and peace of mind.
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Individual & Family Health Plans
Whether you are self-employed, a freelancer, or seeking coverage for your entire family, we can help you navigate the marketplace to find a plan that fits. We’ll work with you to balance monthly premiums, deductibles, and out-of-pocket costs to ensure you have comprehensive coverage for doctor visits, hospital care, and preventative services.
Expert Medicare Guidance
Understanding Medicare can be overwhelming. We provide expert, unbiased guidance on all parts of Medicare, including Original Medicare (Part A and B), Medicare Advantage (Part C), and Prescription Drug Plans (Part D). We help you navigate enrollment periods and choose a plan that covers your specific healthcare needs in retirement.
Vida Wealth Group is proud to be licensed and operate in all 50 states.
What are the main types of health insurance plans?
The most common types are HMO (Health Maintenance Organization), PPO (Preferred Provider Organization), EPO (Exclusive Provider Organization), and POS (Point of Service) plans. They differ mainly in their network of doctors, whether you need a referral to see a specialist, and out-of-network coverage.
What is a deductible?
A deductible is the fixed amount of money you must pay out-of-pocket for covered health care services each year before your insurance plan starts to pay.
What is the difference between a copay and coinsurance?
A copay is a fixed fee you pay for a specific service (e.g., $25 for a doctor’s visit). Coinsurance is the percentage of the cost you pay for a covered service after you’ve met your deductible (e.g., your plan pays 80%, you pay 20%).
What is an out-of-pocket maximum?
This is the absolute most you will have to pay for covered services in a plan year. Once you’ve spent this amount on deductibles, copayments, and coinsurance, your health plan pays 100% of the costs of covered benefits.
When can I enroll in a health insurance plan?
You can typically only enroll during the annual Open Enrollment Period. You may qualify for a Special Enrollment Period if you experience a qualifying life even, such as losing other health coverage, getting married, or having a baby.
What is Medicare?
Medicare is the federal health insurance program primarily for people who are 65 or older, certain younger people with disabilities, and people with End-Stage Renal Disease.
What are the different parts of Medicare?
Part A (Hospital Insurance), Part B (Medical Insurance), Part C (Medicare Advantage Plans, which are an alternative to Original Medicare), and Part D (Prescription Drug Coverage).
What is a Health Savings Account (HSA)?
An HSA is a tax-advantaged savings account that can be used for healthcare expenses. It is only available to individuals who are enrolled in a high-deductible health plan (HDHP).
How do I choose the right health insurance plan?
To choose the right plan, you should consider your budget, how often you expect to need medical care, your prescription drug needs, and whether you want to keep your current doctors.