"Patriotism is not short, frenzied outbursts of emotion, but the tranquil and steady dedication of a lifetime."Adlai E. Stevenson
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A Guide to Finding the Right Health Insurance Company
There are many people in America today that are in dire need of health insurance for either themselves or for their entire families. This can be for many reasons. Sometimes their employers do not provide health insurance. Other times, the people are ...
Ge Mortgage Insurance Issues Statement On S&P Credit Watch Action
Contact: Terry Souers of GE Mortgage Insurance, 919-846-4459 or terry.souers@ge.com RALEIGH, N.C., June 27 /U.S. Newswire/ -- GE Mortgage Insurance today released the following statement in response to the decision by Standard and Poor's to put GE ...
How Does Health Insurance Work?
There are lots of different kinds of health insurance. Plan that cover medical services and prescription medicines, plans that cover dental expenses, disability insurance that replaces income lost due to extended illness or injury, long-term care, and ...
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Health insurance plans have changed dramatically over the past ten years, and American's currently have several different options to choose from- including HMO's, PPO's, fee-for-service plans, MSA's and major medical. There are two main categories of health insurance plans that each of these policies is classified as; managed care plans and indemnity care plans. The differences between each of these plans mean the differences in how you will receive health care when you need it.
Managed care health insurance plans, mostly the HMO's, focus primarily on prevention, and people with these types of policies pay less for their coverage. The drawback is that you are limited to specific health care providers. Indemnity plans, also known as fee-for-service plans, will cost you more- but you are completely covered no matter what illness or accident might occur. Indemnity plans place an emphasis on patient choice, allowing you to choose where and when you are treated.
The newest options in health insurance plans include the PPO (preferred provider organization) plans. These are somewhat a hybrid between the managed care and indemnity categories. Due to their flexibility, these plans are becoming the most popular. PPO plans are similar to managed care plans in that they encourage preventative care, such as routine check ups which are covered under the plan, but you are allowed more of a choice over what doctors you can see.
So how do the different plans effect how you receive health care? When you are part of an indemnity plan, you are typically able to choose the doctor you want to see when an unexpected illness occurs. You will have to fill out paperwork to submit claims, and keep track of your receipts and medical bills. If you are covered under the managed care health insurance plans, you have a higher chance of having your routine check ups covered, since they believe strongly in preventative medicine. You typically are required to choose a health care provider from a list of participating providers, but most of the paperwork required to process your claim is the responsibility of the insurer.
About the Author
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Brad Triggs provides more information and
free insurance quotes at his website:
My-Insurance-Quotes.com - Health Insurance Plans
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