|
Health Insurance Explained
By Mansi Gupta
In the competitive world today people spend more than half of their lives working day and night for some or the other reason. Though it gives them good financial rewards and gratification of their desires yet what suffers a big setback is their health. This is because individuals fail to pay significant heed to health, the most crucial aspect of their lives. But being occupied is not the only factor in deteriorating health. Reasons like environment, epidemics, natural calamities etc. also contribute largely to fading human health.
Keeping in mind the precariousness of human fitness and the immensely expensive medical treatments available nowadays, health insurance has become the need of the hour. Health insurance is an ideal way to care for your health. A health insurance policy enables you to have the best medical therapy for your illness at any point of time.
The American health care system provides four basic health plans. These are HMOs, PPOs, POSs, and Free-for-Service (Indemnity) Plans.
1. HMOs Plans- these plans are least expensive of all and are offered by Health Maintenance Organizations. In case you avail this plan, you are required to pay for every health related service in advance in the form of monthly premiums. HMOs cover a spectrum of health problems such as dental, vision etc. HMOs provide a list of service providers to all its subscribers. The latter is required to choose from these a so called "primary care giver" who will be supervising or coordinating his health care.
2. POS plans- these are HMO plans that give you the freedom to have a health care of your own choice. These plans are a little pricier than the HMO ones. Here it is not mandatory to go with the referrals from your primary care physician. But if you desire to abide by the HMO plan system per se, you can even do that. In case you opt for services outside the HMO or PPO networks, you will be served accordingly.
3. PPO Plans- Preferred Provider Organizations provides health care at discount rates. The PPO plans cost more than the two aforementioned. The PPOs cover a range of hospitals, doctors, clinics etc. The cost-sharing rate will be less within the network and more outside it. However unlike the HMO plans, PPO plans allow you to avail services from outside the network.
4. Fee for service plans or Indemnity plans are simple an easiest plans that compensate for each service you avail on case by case basis. For instance in case an emergency situation arises and you go for an ultrasound, the hospital needs to submit a claim to your insurance agency and you will be facilitated with the hospital expenses. But with a myriad of options and convenience the Fee-for Service plans come out to be most high-priced of all.
For further details you can surf the net and even get health insurance quotes online. This will save your time money and energy you would spend in consulting an agent.
About the Author Mansi gupta writes about best health insurance quote. Learn more http://www.lowquoter.com/health/ .
Article Source: http://www.simplysearch4it.com/article/18553.html
If you wish to add the above article to your website or newsletters then please include the "Article Source: http://www.simplysearch4it.com/article/18553.html" as shown above and make it hyperlinked. |
Some other articles by Mansi Gupta | Traveling tips in Europe Europe has always been a dream destination for tourists. With high skyscrapers, world's most beautiful beaches and rich cultural legacy, there is nothing more to desire form a perfect getaway ...
Southern Comfort in elegant limousines Limousines are the last word in elegant road travel. There are many services across America that run chartered services and you can charter limousines ...
The Importance of Multivitamins and Vitamins for Women Whether you're trying to have a baby, already pregnant, going through menopause or worried about osteoporosis, it's worthwhile for you ...
Ma Huang - Chinese herb Ma Huang, the native-Chinese herb used in fat-burning supplements and also known as Ephedra, has been used as a natural treatment for a variety ...
Hoodia - what it is, what it is used for? Deep in the Kalahari Desert in South Africa a prickly like plant called Hoodia grows that could literally take your appetite away. Although this plant has been ...
Student loan consolidation guide 101 The constantly escalating fees as well as the competition in the field of higher education have made the life of a student burdened by debt. Most of the students are ...
|
|
| |
|
|
|