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Types of Health Insurance Coverage

9 May, 2017



Health insurance policies often perform the most important role in figuring out how your insurance is applied. Unless you have a lot of money to spend each time you incur healthcare cost, getting health insurance is a necessity. There are different kinds of health insurance coverage for young adults, babies and elderly people. Usually, health insurance coverage falls below Preferred Provider Organization (PPO) Plans, Health Maintenance Organization (HMO) Plans, Free for Service Plans and Point of Service (POS) Plans.

Preferred Provider Organization (PPO):

This plan is the mixed type of Free for Service and HMO plans. You’ll have limited choice of physicians and hospitals. However, like the Free-For-Serviceplans, the majority of your medical expenses are covered below these plans. You will get a card that can help you to go to doctor’s place without filling forms.

Health Maintenance Organization (HMO):

A Health Maintenance Organization, or “HMO”, is a prepaid health plan. You have to pay monthly premium. In exchange, it offers comprehensive health care for you and your family, including doctors’ visits, hospital stays, emergency care, surgery, laboratory (lab) tests, x-rays, and therapy. This kind of plans are arranged health care either in its own group or via doctors. Your option of doctors and hospitals are limited. However, exceptions are created in emergencies or when medically necessary.

Free-For-Service Plans (FOS):

The Free for Service Plan is the oldest type of health insurance coverage. You’re absolutely free to decide on the physician, specialist, surgeon or even the place you’ll obtain your healthcare services from and it doesn’t require any approvals or referrals from other institutions. The downside of Fee-for-service plans is that they’re fairly costly and usually have higher deductibles than managed care plans. In addition to, you’ll also have to pay a large part of your actual medical bill out of pocket. So, you’ll have to pay the cost in order to maintain the flexibility of the policy.

Point-Of-Service Plans (POS):

The purpose of Service plan is similar to PPOs. They also offer insured to seek services from health care specialists outdoors their network.

Whilst expenses for medical care have continued to rise, there is still a method to get low cost group health insurance. Learn how you can find the discount health insurance plan straight from the experts.



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