• Business
    • Insurance
    • Investment
    • Real Estate
    • Online Marketing
    • Finance
    • Cryptocurrency
    • Marketing
  • Fashion
    • Gear
    • Women
  • Health
    • Food
    • Fitness
    • Hygiene
    • Tips
  • Home Improvement
    • Gardening
    • Interior
    • Kitchen
    • Painting
    • Plumbing
    • Remodeling
  • Education
  • Travel
  • Technology
Menu
  • Business
    • Insurance
    • Investment
    • Real Estate
    • Online Marketing
    • Finance
    • Cryptocurrency
    • Marketing
  • Fashion
    • Gear
    • Women
  • Health
    • Food
    • Fitness
    • Hygiene
    • Tips
  • Home Improvement
    • Gardening
    • Interior
    • Kitchen
    • Painting
    • Plumbing
    • Remodeling
  • Education
  • Travel
  • Technology
  • Contact Us
  • Write for us
  • Privacy Policy
  • Terms and Conditions
Menu
  • Contact Us
  • Write for us
  • Privacy Policy
  • Terms and Conditions
individual medical plans
Health

The Biggest Advantage of Managed Care Plans

Lulu Beier
Last updated: October 9, 2023 12:52 pm
Lulu Beier
Published October 9, 2023
Share
4 Min Read
individual medical plans
SHARE

When shopping for individual medical coverage, looking at managed care plans can be worthwhile because of the significant cost savings.

Contents
Lower Costs Through Network NegotiationsMy Personal Experience with Cost SavingsPreventive Care Often Covered 100%The Bottom Line

With healthcare costs continuing to rise, many people are looking for ways to get quality medical coverage at an affordable price. 

This is leading more individuals to consider managed care plans as an option for their health insurance. 

But what exactly is the biggest advantage of individual medical plans offer compared to traditional indemnity plans?

Lower Costs Through Network Negotiations

The main benefit of managed care plans is that they provide access to care at a lower cost. 

This is achieved by restricting coverage to doctors and hospitals within a plan’s network. The insurance company negotiates discounted rates with the providers in exchange for directing more patients to them. 

This gives the medical providers an incentive to offer lower fees so they can get increased business.

According to a 2022 survey by the National Managed Healthcare Congress, patients with managed care plans paid 18% less on average for doctor visits and 23% less for hospital stays compared to those with traditional indemnity plans. 

These savings can really add up, especially for those needing frequent medical services.

My Personal Experience with Cost Savings

I have seen these savings firsthand with my own managed care plan. Last year when my daughter sprained her ankle playing soccer, we took her to an in-network orthopedist. 

The normal cost for the office visit and x-rays would have been around $850, but we only had to pay $250 out of pocket.

If we had an indemnity plan, we likely would have been responsible for paying the entire $850 upfront and submitting a claim to try to get reimbursed for part of it later. 

The network discount we received by having a managed care plan saved us $600 right off the bat.

individual medical plans

Preventive Care Often Covered 100%

Another big perk of many managed care plans is that they fully cover certain preventive services like annual checkups, immunizations, and cancer screenings. 

This encourages plan members to get recommended preventive care that can catch issues early before they become major (and costly) problems down the road.

According to the Health Care Cost Institute, the percentage of preventive care visits that were fully covered without a copay rose from 39% to 65% between 2012 and 2020. 

This shift has been driven by provisions in the Affordable Care Act as well as insurers wanting to incentivize prevention.

The Bottom Line

When shopping for individual medical coverage, looking at managed care plans can be worthwhile because of the significant cost savings they provide compared to indemnity plans. 

The discounts negotiated with in-network providers reduce costs across the board for doctor visits, hospital stays, lab work, and more. 

Plus, many plans now offer additional savings by fully covering preventive services without copays. 

For these reasons, managed care is worth strong consideration if you want quality coverage at an affordable price.

Lulu Beier
Lulu Beier
TAGGED:individual medical coverageindividual medical plans

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
[mc4wp_form]
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Email Print
Share
Previous Article Exploring-The-World-Of-Trucking-Permits-For-Endless-Adventures-on-contributionblog Exploring The World Of Trucking Permits For Endless Adventures
Next Article How-Lawyers-Swift-Relief-The-Personal-Injury-Claims-Process-on-contributionblog How Lawyers Swift Relief The Personal Injury Claims Process

Trending Posts

new diabetes medication for weight loss
Breaking the Weight Loss Code: How Diabetes Drugs Are Changing Lives?
Fitness Health Uncategorized
How Does A Water Cooling System Enhance Performance In High-Demand Applications on contributionblog
How Does A Water Cooling System Enhance Performance In High-Demand Applications?
Uncategorized
Why Mobile Portable Construction Trailers Are Changing The Way We Build on contributionblog
Why Mobile Portable Construction Trailers Are Changing The Way We Build
Uncategorized
How Portable Construction Trailers Streamline Communication On Large Job Sites on contributionblog
How Portable Construction Trailers Streamline Communication On Large Job Sites
Uncategorized

Categories

Admission Consultation Attorney Automobile Azure Synapse Machine Learning Beauty Business Childcare Consumer Services Cryptocurrency Dentistry Digital Marketing Digital marketing agency Education Fashion featured Finance Fitness Food Gardening Gear Hair Salon Health Home Improvement Hygiene Insurance Interior Investment Kitchen Law Firm Lawyer Marketing Medical Imaging Mining Industry Nutrition Suppliments Online Courses Online Marketing Painting Parenting Pet Products Plumbing Power BI Consulting Real Estate Remodeling Sports Technology Tips Transportation Travel Uncategorized Women

Don't Miss

How Do Skilled Mortgage Brokers Simplify The Home-Buying Process?
Real Estate
pet care tips
Keep Your Cat’s Teeth Clean: A 7-Step Guide to Brushing
Business
Refinance-Mortgage-Pros-And-Cons---Making-An-Informed-Decision-on-contributionblog
Refinance Mortgage Pros And Cons – Making An Informed Decision
Real Estate
dynamics 365 implementation partners
Unlocking Business Potential: Your Guide to Dynamics 365 Implementation
Business Power BI Consulting

ContributionBlog offers the latest insights on news, business trends, digital marketing strategies, technological advancements, and AI services. It aims to provide valuable information to help readers stay informed and grow their expertise.

Latest Posts

What’s Driving The Latest Headlines In The World Of Mining?
May 16, 2025
Effective Medical Programs for Weight-Related Health Issues
May 18, 2025
How Do Drainage Systems in Trail Running Shoes Prevent Moisture Problems?
May 9, 2025

Popular Posts

What’s Driving The Latest Headlines In The World Of Mining?
May 16, 2025
What are the Top Companies for the Miami Junk Removal Services?
December 27, 2018
How To Choose A Mobility Scooter
December 27, 2018

© All rights reserved & designed by ContributionBlog

  • Contact Us
  • Write for us
  • Privacy Policy
  • Terms and Conditions
Menu
  • Contact Us
  • Write for us
  • Privacy Policy
  • Terms and Conditions
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?