The Molina Health Insurance Company has been providing services to policyholders for more than 25 years. Molina specializes in providing health care insurance products at no or low cost to its customers. More than a million people trust Molina Health Insurance Company for their needs.
Is the Molina Health Insurance Company the right choice for your health insurance needs? Read on to get some more information about Molina Health Insurance and find out for yourself. Keep in mind that no one insurance company is best for everyone so it can certainly pay off to be an informed consumer and shop around.
Read through this Molina Health Insurance review, check out the reviews of Molina Insurance left by customers at the bottom of this page, and then be sure and request insurance quotes from top health insurance providers by using the free tool on the side of this page.
Molina Insurance: History & Awards
The company has been in business since 1980. It was founded by Dr. C. David Molina, who worked as an emergency room physician. Through his work, he realized that low-income people were being underserved by the medical community. Dr. Molina established a clinic in Long Beach, CA where he provided medical services to patients with no consideration of whether they had the means to pay or not.
Molina Health Insurance offers its services to people living in 10 states. In 1980, the company opened three primary health care clinics. Molina went through the process to obtain an HMO license in 1985 for the state of California. In September of 2008, Molina began offering health insurance services to Florida residents.
Molina Health Insurance was recognized as one of the Top 15 managed care companies in the United States by InterStudy, which is a national managed care research organization. The company was also included in the top 1000 corporations operating in the United States.
Molina Health Plans
Molina Health Insurance has negotiated contracts with state governments to provide coverage for health care services to individuals and families who qualify for funded programs, including the State Children’s Health Insurance Program (SCHIP) and Medicaid. The company provides coverage to low-income families and people who are living with disabilities through state Medicaid programs. The SCHIP program provides coverage to families who aren’t able to afford private coverage, but who don’t qualify for Medicaid because their family income is too high.
The Molina Medicare Options Plus plan is offered to people who have Medicaid and Medicare coverage. It offers a similar level of benefits. Some customers may not have any out of pocket expenses at all, while these expenses are kept low for others. People who choose this type of coverage can get their medical care from a large network of doctors and hospitals.
Molina Medicare Options is a plan offering the same level of benefits as the Medicare Plus plan, with few or no out of pocket costs. This plan is designed for people who need to stick to their budget but who want to get comprehensive coverage. Molina Medicare Options also has a large network of doctors and hospitals to serve its customers’ health care needs.
Molina HMO Basics
A Health Maintenance Organization (HMO) is a type of health insurance plan where plan members designate one doctor as their primary care physician. They visit this doctor for their health care needs and if they need to see a specialist, the plan member needs to get a referral first. Some medical procedures must be approved by the HMO before the plan member can go ahead and have it performed.
Part of signing up with an HMO is agreeing to get medical care from the plan’s network of providers. Prospective HMO members should ask to see a list of network providers before signing up. Many plans do have a large number of providers who have agreed to participate.
The advantage to health care providers of agreeing to participate in an HMO is that they have a large pool of potential patients brought to them by the insurance company. In return for access to large numbers of patients, the health care providers agree to provide their services at a discounted rate. The lower rates are passed on to plan members, which makes an HMO plan a more economical choice than a Preferred Provider Network plan.
People who are mainly concerned with saving money on the cost of their health insurance plan may choose to sign up for an HMO plan. However, the downside is that some services provided by health care providers, except for emergency care, may not be covered under the plan at all. Having to wait to get approval before having certain medical procedures performed is stressful and may lead to deterioration in the patient’s condition.
Before choosing to sign up for an HMO plan, such as the ones offered by Molina, it’s important to make sure that you understand all the policy provisions. Be sure to review the terms and conditions carefully so that you understand exactly what you are getting before you commit to it.
Compare Molina Health Insurance Quotes
Now that you know about the types of coverage offered by the Molina Health Insurance Company, why don’t you get a quote for your own insurance coverage? Compare your Molina health insurance quotes with quotes from many top health care insurance companies to find the plan that is best for you. The free insurance tool one the side of this page can help. Click on it to find out about your options right now!