As there are variety of medical care providers and insurance providers, the confusion felt by many is just worsened when they come to realize that there's also a large variety of health insurance plan types they can sign up for. The coverage of the health insurance plan depends upon its type. Generally, there are four major health insurance plans which are explained below.
Preferred Provider Organization (PPO):
Plans provided by PPOs are combination of free-for-service plans and HMOs. You will have limited choice of physicians and hospitals. But the majority of your bills are covered under this plan. You will get a card that help you to visit doctor's place without filling forms.
Health Maintenance Organization (HMO):
The Health Maintenance Organization plan is a superb option for all those individuals who feel safe under primary care physician for healthcare treatments. You are able to get service from physician of your option(within the plan) and suggest him/her as your regular physician. This plan is less expensive than PPO plan in context of rates.
Free-For-Service plans (FOS):
The Free for Service plan provide the most choices regarding medical experts and facilities. For an extra charge the policy holder may select their very own medical options. The insured has to pay a preset deductible amount, before the insurance supplier gives cash for these services. Even if insured you'll have to pay 20% out of your pocket for each services. However you have to show all the receipts showing medical costs to get the compensation.
Point-Of-Service plans (POS):
POS plan is an indemnity option of health insurance coverage. This implies that if a doctor refers you to another health care supplier outside the health plan, the insurance company pays most if not all the healthcare expenses. If you refer your self to health providers outside of the plan, you'll still be covered, but you will have to pay coinsurance payments.
Preferred Provider Organization (PPO):
Plans provided by PPOs are combination of free-for-service plans and HMOs. You will have limited choice of physicians and hospitals. But the majority of your bills are covered under this plan. You will get a card that help you to visit doctor's place without filling forms.
Health Maintenance Organization (HMO):
The Health Maintenance Organization plan is a superb option for all those individuals who feel safe under primary care physician for healthcare treatments. You are able to get service from physician of your option(within the plan) and suggest him/her as your regular physician. This plan is less expensive than PPO plan in context of rates.
Free-For-Service plans (FOS):
The Free for Service plan provide the most choices regarding medical experts and facilities. For an extra charge the policy holder may select their very own medical options. The insured has to pay a preset deductible amount, before the insurance supplier gives cash for these services. Even if insured you'll have to pay 20% out of your pocket for each services. However you have to show all the receipts showing medical costs to get the compensation.
Point-Of-Service plans (POS):
POS plan is an indemnity option of health insurance coverage. This implies that if a doctor refers you to another health care supplier outside the health plan, the insurance company pays most if not all the healthcare expenses. If you refer your self to health providers outside of the plan, you'll still be covered, but you will have to pay coinsurance payments.
About the Author:
As graduates across the country are preparing for new adventures and responsibilities, the importance of affordable secondary health insurance is becoming a reality. View this page to know more about health insurance.
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