Know More About The Types of Health Insurance Plans
You must be getting calls from different health insurance agents who suggest you to take up certain health insurance plans for your future security. In fact, these days it is very much required to take up proper health insurance plans because medical fines are getting more costly and it is a kind of expense that one can’t ignore or compromise that the time of need. But when you actually decide to get a health policy for yourself you get perplexed with so many plans and policies around. In that situation an insurance can best help you by suggesting you the right kind of policy according your requirement. But before you meet the insurance agent, you must enrich yourself with the basic information about the types of health insurance plans. There are five basic types of health insurance plans. Health Maintenance Organization (HMO) Health Maintenance Organization it is one of the most common types of health insurance plans. Mainly it is offered by the companies to its workers. These are the most affordable type of insurance plan and mostly cover dental care, preventive care and eye. The policyholders of HMO get various health care facilities. Policyholders get access to a primary-care physician, who guide the policy holder with health care services and other medical needs required. If the primary care doctor refers the policyholder to a medical service, then the only HMO covers the expenses. Preferred Provider Organizations (PPOs) A PPO is preferred by the policyholder as it doesn’t require any referrals. Moreover, it gets cheaper, if the policy holder takes up the health care services that are listed within the policy holder’s own PPO’s network. The policyholder needs to pay 20% of the expense, rest 80% is covered by the PPO. Exclusive Provider Organization (EPO) Exclusive Provider Organizations are like PPOs but these plans have smaller networks. But as PPOs also offer coverage for medical services outside the network, Unlike PPOs, EPOs normally do not offer coverage for services rendered by specialists outside their own network.
Point of service (POS) Point of Service Health insurance plans is also similar to PPOs in the sense that it also offers an access to the primary-care physician. But it is a more expensive plan, which also requires extra paperwork to one part of the policy holder. It offers the flexibility to the policy holder to take up the services from specialists or doctors outside its own network. Fee for service (FFS) Fee for service (FFS) is the least restrictive type of all the health plans. It also offers the widest range of choices in seeking the medical facilities and restrictive specialist. It gives the policy holder the flexibility to choose the medical facility and specialist of his own choice. To get the medical services cost from the insurance provider, the policy holder has to pay a preset deductible amount, and even after getting the insurance the insured has to pay 20% of the cost of the facilities and specialist. For more information about health insurance Plane then contact US
You must be getting calls from different health insurance agents who suggest you to take up certain health insurance plans for your future s...