Facts,Consider,For,Buying,Heal finance, share, loan Facts to Be Consider For Buying Health Insurance
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What are different types of health insurance?There are two types of health insurance plans, one is indemnity plans and other is managed health care plans. In indemnity plans, you have the freedom to choose your own physician. On the other hand, in managed health care plans HMOs, PPOs and POSs assign number of hospitals and physicians to you. Managed health care plans are cheaper than the indemnity plans but these plans are less flexible.What is an HMO?If you buy HMO plan, then you need to pay monthly premium and you are register to a number of physicians and hospitals who offer medical care to you. You will be able to see physician within your network only and this health plan may cover partial or full medical payments. This is the cheapest health insurance available in the market.What is a PPO?PPO is almost similar to HMO plan and the difference is that you may be able to visit those physicians who are outside your network. However, you have to pay some fee if you visit physicians outside your network. You also require to pay $5 to $10 as co-payment and this health insurance plan is slightly expensive than the HMO plan.What is a POS?This plan is a combination of the two managed health care plans stated above. You have the freedom to select primary care physician as well as you will be able to visit physicians beyond your assign network. Moreover, you do not need to pay anything for that as any extra medical bill will pay by your POS. This plan is the most expensive but the most flexible one.What is a deductible?Deductible amount is that money which you pay to your insurance company in order to claim your money.What is co-insurance?After paying the deductible amount, you need to pay a percentage of your medical payments to your insurance company.What is co-payment?A physician charges the amount to you when you visit any physician and you have to pay fee for that.How do I choose health insurance plan?You want to buy that health insurance plan which provides various benefits and it is cheap. So, first decide whether you want to continue with your current physician according to your health and then select the plan. However, if you need special medical treatment then you buy that plan which helps you in providing your needs.Therefore, you see there are number of insurance questions regarding health insurance. Article Tags: Managed Health Care, Health Care Plans, Health Insurance, Indemnity Plans, Managed Health, Health Care, Care Plans
Facts,Consider,For,Buying,Heal