THE TOP FIVE HEALTH INSURANCE PLANS
Since competition in terms of health insurance is on the rise,
it is no wonder that more and more forms of health insurance are
being designed. Among these, there are few that are popular and
they are briefly described below.
Individual Insurance: Ensuring a person individually is a common
mode of insurance. One may be selective about what s/he wants in
a plan through this process. Accordingly, one has required
premium is calculated, and the insurance plan takes effect.
Group Insurance: Another type of insurance is the group
arrangement. Through this type of insurance, one is compelled to
abide by what others are going for, and this is dependent on the
insurance providers. They are the ones that decide what is
feasible to include in a plan, and on that basis, a group
insurance can take place.
Indemnity Plan: This plan allows one to go to any doctor when
one needs to; there are no restrictions on this, and it is
believed to be more of a traditional plan. One does not need
permission to go to a particular health care provider. However,
usually what happens is that the member pays 20% of the total
fee for treatment while the insurance provider pays 80%. In
addition to this, there is a period through which one pays up in
this manner, and then the company takes over paying the whole
100%.
HMO: The Health Maintenance Organization is one that allows a
member to select a particular doctor off the panel. It is these
selected doctors that will deal will with members' problems. The
selected doctor is the one that will be approached for checkups
of any kind, and if there are problems with a member that cannot
be handled by him or her, the member is referred to specialists.
For more information, visit
http://www.healthinsuranceinfocenter.com