Health Insurance: Learn Your Options

We at Insurance Town and Country offer a variety of health insurance options for individuals, families, and businesses.  This blog will be focusing on our private health insurance options, but you can find more about our group health insurance plans by clicking HERE.

There are several categories of health insurance plans and at Insurance Town and Country, we divide them into four general groups: copay plans, coinsurance plans, deductible plans, and health savings plans; and are explained below. The amounts charged for services under the following plans can vary depending on whether the insured uses a health care provider who is designated by the insurer to provide services (network or participating provider) and one who is “outside the network.”

Copay Plans - The copay is the amount of money the insured must pay out of pocket for a particular visit or service. The insurance plan covers the remainder of the expense.

Coinsurance Plans - In these plans, the insured pays a certain percentage (usually 20% or 30%) of the total cost of medical care. A coinsurance plan may or may not be combined with a copay provision.

Deductible Plans — Deductible health insurance plans pay for 100% of medical expenses after the insured has met the deductible. These plans often cover preventative care services even before the deductible has been reached. A wide range of deductibles are available, depending on whether the coverage is for an individual or family.

Health Savings Plans - Health Savings Plans (HSA) are high-deductible plans that feature a tax-favored medical savings accounts. Participants qualify for a tax deduction on the money they deposit in the account. Preventive care is normally included in these plans without having to reach the deductible first.

If you have any questions about your health insurance options or what plan type makes sense for you and your family, please contact us at either of our locations.

Denver Office                                                             Castle Rock Office
1735 E. 17th Ave. #3                                                    513 Wilcox St. #200
Denver, CO 80218                                                      Castle Rock, CO 80104
303–388-7216                                                 Phone: 303–688-1251
Email:                        Email: