How to Choose Affordable Health Insurance Plans in New York
A good healthcare policy is probably one of the most important things you can buy to protect yourself, your family, and your assets. But finding the best from affordable health insurance plans in New york can be a challenging task. Suppose you don’t have the correct knowledge of the functioning of insurance policies and the analyzing skills to differentiate and compare different plans. In that case, you might end up buying something wrong and not only lose your money but also expose yourself to a lot of financial problems.
What about Special Needs Plans healthcare insurance
A Medicare special needs plan is created specifically for an individual who has extra needs for healthcare. There are a lot of factors that came with it, and you have to consider them. For example, you may get additional features like extra days in the hospital, special social services, care management,transportation etc. depending upon the type of SNP you choose. You have to keep in mind that some special needs plans in healthcare insurance are not available in all areas, and you have to prove that you are eligible for that according to your diagnosis. It is available for people who have Medicare Part A and B Coverage of prescribed drug costs. A feature of Medicare Part D, is also included in the Special Needs Plans healthcare insurance. In one plan, you get hospitalization, medical services, and prescription drugs coverage.
The unique difference between SNP and Medicare advantage option is that SNP provides you with extra benefits based on your healthcare and financial needs.
As you can see, there are many things to consider before choosing a healthcare plan suited for you. So next time you are browsing through affordable health insurance plans in New york, make sure to observe each and every detail carefully.
Different types of SNPs
According to your health needs, you can choose from the three SNPs available:
· C-SNPs (Chronic-Special Needs Plan): This plan is suitable for people who are suffering from chronic diseases like:
o Cancer
o HIV
o Stroke
o Terminal Liver Disease
o Dementia
o Heart Failure
o Extreme alcohol and drug abuse
And many more such chronic diseases. It is best when buying Special Needs Plans healthcare insurance for chronic illnesses; you verify that yours is covered.
· I-SNPs (Institutional-Special Needs Plan): This is aimed at people who need medical assistance and need to stay in a medical institution for ninety days or more than that. This covers skilled-nursery facilities, intermediate care centers for people with mental illnesses, etc.
· D-SNPs (Dual Eligible — Special Needs Plan): This is made for people who are eligible for both Medicare and Medicaid. Medicare is at the federal level, while Medicaid is at the state level. Many people tend to get confused due to the complex nature of D-SNPs. This is why it is vital that you consult with a health insurance agency to advise you.
As we can see, there are numerous options for you in affordable health insurance plans in New york. It is easy to get overwhelmed by the number of options available. Hence it is advised that you consult with an insurance agency.
