Who Offers Lowest Cost Dallas Health Insurance?
Posted by texashealthpro on May 31, 2009
There are more Dallas health insurance option at the present time than ever in my over 16 years in the Texas health insurance business. As a native to the Dallas Metroplex this is and always will be my primary market base, I feel I have a complete choke hold of the options available in this, the North Texas health insurance market. We have virtually every major player fighting for market share here and in this article I will spell out the top players based on price in 3 major Dallas health insurance groups. The always popular Doctor Co Pay Plans, High Deductible HSA Plans, and the resurgence of the Catastrophic Health Insurance plans.
Doctor Co Pay Plans
Far and away the most popular plans on the Dallas health insurance scene are the little sister to group coverage offered by employers known as the Doctor Co Pay plans. These plans offer co pays before a yearly deductible for things like routine doctor visits, preventive care and normal sickness visits. They also offer co pays for prescription drugs. Anything outside the normal doctor visit will generally apply to a yearly deductible. Several policies also offer lab and x rays with your co pay.
Based on consumers utilizing my quoting software and quotes provided by myself for Dallas Texas health insurance consumers that have called me direct the most affordable health insurance in Dallas is Cigna. Most times Cigna is 25% cheaper than the competition. After direct meetings with Cigna executives I was informed that the Dallas/Ft. Worth Metropolitan area is a major “target market” for them. This is validated with the expansion of a huge new service center being constructed in Frisco.
High Deductible HSA Plans
High Deductible HSA plans introduced back in 2003 have s-l-o-w-l-y attempted to take foothold here in North Texas. At their introduction they were actually more expensive that the Doctor Co Pay plans. Things have changed and prices have either fallen or not escalated to the point of Co Pay plans and now they do offer lower premiums but there are striking differences between the two. For starters there is only one deductible and out of pocket for the entire family. This does allow Dallas Texas health insurance consumers to better gauge their potential yearly expense outlay. Also keep in mind they offer no co pays for routine doctor visits and drug prescriptions, those services apply to the deductible. The neet thing about High Deductible HSA plans in Texas is they offer some decent tax advantages over traditional Dallas Tx health insurance.
The most cost effective High Deductible HSAplan in Dallas? Blue Cross & Blue Shield of Texas, by a mile. Most times no one even comes close. I have noticed they slide in at about 25 to 30 % cheaper than the others. Another biggie for the folks at Blue Cross is the rate increases that they are assessing on their business, this year they are hitting consumers in the LOW SINGLE DIGITS! Most consumers that have the Blue Cross HSA plans are keeping their powder dry when rate increases happen basically due to the fact that their rate are still lowest in Dallas after a year. Several of my clients only got clipped at about $4 a month. That should make us all happy.
Catastrophic Health Insurance
When the economy started going south back at the end of last year I was forced to dust off the old mainstay from the 1980’s. The old Catastrophic Health Insurance policies are a simple enough policy to understand, you meet your deductible and the policy starts paying at a clip of about 80%. Oh, there is a maximum out of pocket a family will experience but it will be much higher than the High Deductible HSA plans. For the most part all services apply to the deductible and there is generally two or three deductibles per family. Some policies like Blue Cross offer drug prescription coverage separate from the big major medical deductible, so that’s nice but for the most part everything applies to the deductible. Also note that they differ from the High Deductible HSA plans in that they don’t offer the cool tax advantages found in the HSA.
The winner based on cost for the Catastrophic Health Insurance plans in Dallas again goes to Blue Cross and Blue Shield of Texas. Again they just cant be touched in the Dallas health insurance market for these type of policies. Coverage is nice as well offering extremely high limits that every family needs. These plans are a great choice for the low budget consumer looking for affordable Dallas health insurance.
Ok, so there you go. Now keep in mind every family is different in North Texas, rates are always predicated on age, size, zip code and health history but overall these plans should come out just as I indicated. feel free to see for yourself by getting your Dallas health insurance quote today! You will see the same trend I did.
