Bonham Health Insurance

FARM N HOME a division of Pierson and Fendley Insurance in Paris, Texas

Sadly, medical treatments aren’t cheap. Without health insurance coverage you could end up paying off medical bills for the rest of your life. Pierson & Fendley takes the time to understand the insurance needs of our customers. Contact one of our knowledgeable agents today to learn more. Serving Bonham, Fannin County and all of Texas.

Health Insurance in Texas

There are basically three major types of Bonham health insurance policies to choose from. They may even cover dental expenses, mental health services, and prescription drugs, depending on the coverage you choose.

Consumer-directed
A consumer-directed health plan (a.k.a. “consumer-driven” or “consumer choice”) is a newer type of healthcare plan that’s designed to give you more control. As part of the plan, you setup a health fund that can be used to cover medical expenses.
Fee for Service
A fee for service plan is a more traditional healthcare plan. It means you pay a fee to your provider for every healthcare service you receive. The benefit of this type of health insurance plan is that it allows for a lot of flexibility when choosing a physician or healthcare provider.
Managed Care
Members of managed care health plans generally enjoy more benefits like lower out-of-pocket costs. However, you can only receive treatment from physicians that participate in the managed care network. Typical managed care plans include health maintenance organizations (HMOs), preferred provider organizations (PPO), and point-of service (POS) plans.

Common Health Insurance Terms

Deductible - The amount of money you pay toward medical bills before your insurance coverage begins.
Co-pay - A specified amount of money you pay upfront for doctor visits and prescription refills.
Coinsurance - The percentage of medical bills you pay after meeting the deductible.

If you are an individual or family who does not currently have insurance through a group employer plan, our agency can walk you through your health plan options. If you own a business and would like to compare your options for group coverage, we can help you with that also. To learn more about Bonham and Fannin County health insurance, call and talk with one of our agents today.