Time is the most important commodity in life but our continued good health can help to extend the time we have. Thus it is not just important but necessary to insure and thus protect your biggest asset against all kinds of threats.
A health insurance policy can be taken out buy an individual for himself or his family and while he continues to pay his regular premium, the insurance company will pay for medical treatment for sickness or injury. The area of cover is wide and it is rare to find a health policy that gives blanket cover for disability income, medical expenses, accidental death, loss of a limb (or limbs) or an accident for example. This allows for a great deal of flexibility when a person decides to arrange health protection as he or she can tailor make to suit their own situation.
The most basic of health insurance is known as a Fee-for-Service Plan where an insurance company pays a set amount or a percentage for the services offered to the insured person, which is agreed at the outset. Before the insurance payments begin, the insured person must pay a specified amount of money in advance in the form of a deductible, although this type of policy is becoming very rare.
Health Maintenance Organizations- these organizations are prepaid health plans where you designate a doctor of your choice but you must go through that person before you are able to see any specialist or any other doctor. This type of plans sees a relationship build between the insured and his or her doctor so over time a trust will form and the doctor can help recommend ways to stay healthy and not use medical services so frequently.
Preferred Provider Organization- is basically a combination of fee-for-service and Health Maintenance Organizations where you designate a network of hospitals and doctors by whichever insurance you buy the options are confined to that set of doctors and hospitals. Using this type of system, if the insured uses the medical services of a medical facility or doctor outside of this group then there is a good chance that any expenses will not be paid.
An Exclusive Provider Organization or EPO is a network of individual medical care providers, or groups of medical care providers, who have entered into written agreements with an insurer to provide health insurance to subscribers and with EPO, medical care providers enter a mutually beneficial relationship with an insurer. However for your medical bills to be paid the person or hospital you visit must be part of the network although they may pay for medical expenses under exceptional circumstances.
Prior to opting for a plan it is better to ponder over your needs and family requirements and you may even want to use the checklist of the agency through which you are purchasing the policy and ask for more information from the health benefits manager at your workplace or a health plan representative. Don't forget you have your own personal expert in your doctor who will no doubt be well aware of every type of health plan that will meet your needs.
A health insurance policy can be taken out buy an individual for himself or his family and while he continues to pay his regular premium, the insurance company will pay for medical treatment for sickness or injury. The area of cover is wide and it is rare to find a health policy that gives blanket cover for disability income, medical expenses, accidental death, loss of a limb (or limbs) or an accident for example. This allows for a great deal of flexibility when a person decides to arrange health protection as he or she can tailor make to suit their own situation.
The most basic of health insurance is known as a Fee-for-Service Plan where an insurance company pays a set amount or a percentage for the services offered to the insured person, which is agreed at the outset. Before the insurance payments begin, the insured person must pay a specified amount of money in advance in the form of a deductible, although this type of policy is becoming very rare.
Health Maintenance Organizations- these organizations are prepaid health plans where you designate a doctor of your choice but you must go through that person before you are able to see any specialist or any other doctor. This type of plans sees a relationship build between the insured and his or her doctor so over time a trust will form and the doctor can help recommend ways to stay healthy and not use medical services so frequently.
Preferred Provider Organization- is basically a combination of fee-for-service and Health Maintenance Organizations where you designate a network of hospitals and doctors by whichever insurance you buy the options are confined to that set of doctors and hospitals. Using this type of system, if the insured uses the medical services of a medical facility or doctor outside of this group then there is a good chance that any expenses will not be paid.
An Exclusive Provider Organization or EPO is a network of individual medical care providers, or groups of medical care providers, who have entered into written agreements with an insurer to provide health insurance to subscribers and with EPO, medical care providers enter a mutually beneficial relationship with an insurer. However for your medical bills to be paid the person or hospital you visit must be part of the network although they may pay for medical expenses under exceptional circumstances.
Prior to opting for a plan it is better to ponder over your needs and family requirements and you may even want to use the checklist of the agency through which you are purchasing the policy and ask for more information from the health benefits manager at your workplace or a health plan representative. Don't forget you have your own personal expert in your doctor who will no doubt be well aware of every type of health plan that will meet your needs.
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