With recent advances in technology, surgical techniques, and pharmaceuticals, the cost of medical treatment has risen dramatically over the last two decades. As a result, health insurance is becoming increasingly more important. When shopping for a plan, you often have numerous options. To help you choose the one that's right for you, below is a discussion of some of the most common types of coverage.

What Are Popular Health Insurance Plans?

1. Consumer-Directed Plans

Consumer-directed health plans (CDHPs) arose over the last decade as an employer cost savings initiative. The most common type combines a high-deductible insurance policy with a health savings account (HSA) or a health reimbursement arrangement (HRA) that lets policyholders pay for out-of-pocket costs with before-tax dollars. The combination keeps fixed costs low and provides exceptional care for a price tag when it is essential. It is ideal for generally healthy individuals seeking to avoid high premiums. It also provides certainty, because out-of-pocket expenses will never exceed $6,550 (as of this writing).

2. Fee for Service Plans

A fee-for-service plan is a traditional type of health insurance in which the insurer pays the medical provider for each service—or it reimburses you after you have paid. You can visit the provider of your choice and visit as necessary. This type of plan has higher premiums, but it is useful for patients with regular medical needs. It may also require additional paperwork.

3. Managed Care Plans

Managed care plans utilize a network of health care providers who agree to the plan's terms. This helps keep costs down and guarantees you have access to services but it limits your ability to choose a physician. This works well for people who seek low-cost coverage and who either don't have a preferred provider or whose doctor is already included in their plan network.

To have an experienced agent help you design an effective health insurance policy for you and your family, contact Comaltex Insurance Agency Inc. in New Braunfels, TX. They are locally-owned and have been serving clients in and around Comal County since 1948. They also offer home, life, business, property, and auto coverage at affordable rates. Visit their website to reach out to them online or call (830) 625-7511 to request a quote.