There are five major categories of health insurance plan. They differ from each other in divergent coverage and limitations. You've to choose the plan that is appropriate for you. Get knowledge on various kinds of plans before selecting the appropriate group health insurance plan for you.
Preferred Provider Organization (PPO):
A PPO health insurance plan provides plenty of flexibility in selecting your physician, your care, and treatment options by allowing you decide within a specified network of providers - who you will see for care and when. In the event you feel you have to see a dermatologist, it is your choice to visit one. You can also see doctor who is not within the network of the insurance plan.
Health Maintenance Organization (HMO):
A health maintenance organization, or "HMO", is a prepaid health plan. As an HMO member, you pay a monthly premium. In return, it provide comprehensive health care for you and your family, The HMO arranges for this health care either straight in its own group practice and/or through doctors and other health care professionals under contract. Your choice of doctors and hospitals are limited. Nonetheless, exceptions are made in emergencies or when medically essential.
Free-For-Service plans (FOS):
The Free for Service plans provide fee payment services to the insured person. You have right to choose your physician and hospital. You can change the doctor any time. The insurer pays the a part of your healthcare bill. You'll have to pay premium to the insurer each month. But you have to show all the receipts showing healthcare costs to get the compensation.
Point-Of-Service plans (POS):
POS plan is an indemnity option of health insurance policy. According to this plan, if the doctor refer you to another healthcare supplier outside the network, the company pays medical expenses. If you refer your self to health companies outside of the plan, you will still be covered, but you will have to pay coinsurance payments.
Preferred Provider Organization (PPO):
A PPO health insurance plan provides plenty of flexibility in selecting your physician, your care, and treatment options by allowing you decide within a specified network of providers - who you will see for care and when. In the event you feel you have to see a dermatologist, it is your choice to visit one. You can also see doctor who is not within the network of the insurance plan.
Health Maintenance Organization (HMO):
A health maintenance organization, or "HMO", is a prepaid health plan. As an HMO member, you pay a monthly premium. In return, it provide comprehensive health care for you and your family, The HMO arranges for this health care either straight in its own group practice and/or through doctors and other health care professionals under contract. Your choice of doctors and hospitals are limited. Nonetheless, exceptions are made in emergencies or when medically essential.
Free-For-Service plans (FOS):
The Free for Service plans provide fee payment services to the insured person. You have right to choose your physician and hospital. You can change the doctor any time. The insurer pays the a part of your healthcare bill. You'll have to pay premium to the insurer each month. But you have to show all the receipts showing healthcare costs to get the compensation.
Point-Of-Service plans (POS):
POS plan is an indemnity option of health insurance policy. According to this plan, if the doctor refer you to another healthcare supplier outside the network, the company pays medical expenses. If you refer your self to health companies outside of the plan, you will still be covered, but you will have to pay coinsurance payments.
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You are able to get free comparison of health insurance quotes and find out more about saving on health insurance at our web site where you will also reach see the list of health insurance companies in Massachusetts.
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