Narrow Networks - A New Type of Healthcare Insurance
In just a few weeks, open enrollment will begin for hundreds of thousands of Central Floridians. Many will have a variety of health insurance plans to consider when deciding which one is best for them and their families. HMOs, PPOs, Point-of-Service Plans, Health Savings Accounts; the options can be daunting. Recently, another type of insurance plan - the narrow network – has been introduced into the market and is continuing to expand.
In March of this year, Orlando Health and Aetna introduced a new narrow network under the name Aetna Whole HealthSM – Orlando. With this plan, Aetna members have access to highly coordinated care from approximately 2,700 Orlando Health providers, which includes more than 400 primary care physicians and 2,300 specialists, eight hospitals and nearly a dozen urgent care centers and walk-in clinics.
Narrow networks can be beneficial for employers, in that they help contain healthcare costs. For employees, the right narrow network delivers a more coordinated, personalized healthcare experience as a result of the caregivers’ close alignment. Quality narrow networks also provide patients with comprehensive care management programs and support positive patient and primary care doctor relationships.
Understanding your and your family’s healthcare needs is critical when it comes to deciding which plan is right for you. As someone who has worked in or with the health insurance industry for more than two decades, I encourage you to closely review all your options so you can make a knowledgeable and informed decision this open enrollment period.