When considering the medical Insurance Health Types on the market today it is important to understand that there are really only two main types of health insurance available. These are managed care and traditional. Within these two categories there are a further four splinters if you will and please excuse the pun!
POS’s This is point of sale. HMO’s, health managed organizations. PPO”S preferred provider organizations and lastly free for service plans, these used to be known as traditional indemnity plans.
All of these are equal in that there is no one plan that is exceptionally better than the next. Depending on your budget and your needs will determine which plan you select. With free for service you have the most choice and freedom to use pretty much any service provider or care giver that you see fit to use. HMO’s are good for you if you need to watch your budget. Competition is rife in this industry so for the best value for money do due diligence so that you can avoid disappointment.
In the 60’s and 70’s free service plans was pretty much all that was on offer. People would pay a monthly premium and then when claim time comes the insurance company would pick up most of the tab.
With medical science and the health drive doing their bit people live longer now than in days gone by. Ironically this has caused insurance companies to take some heavy knocks on the claims front. It is to this end that the industry has revamped their strategy and plan types. Managed care has become ever more and more increasingly the plan of choice.
Patients that choose the free for service plan can go to whom ever they want and to which ever hospital they want to. They are not controlled and dictated to like other plans.
The not so pretty thing about this plan is that you will spend more of your own money by having to pay the first portion of the claim. You also would pay the entire bill to the service provider and then the insurance company will reimburse you.
Only normal ailments and procedures are covered There is a prescribed rate or tariff that is used when insurance companies pay out any excess due to service providers charging more would be picked up by the patient. Prevention is better than cure is taken seriously by insurance companies and certain preventative medicine and procedures are also covered under this type of plan.
There is a certain threshold which once reached absolves the patient from any other costs. For reasons that need no explanation this threshold is quite high. These are but few of the insurance health types on the market today.
Find the information you will want to choose the best health insurance for your needs. When you are looking for insurance health, car, and homeowners insurance will be much easier to find at an affordable rate when you visit today!
