Compare Health Insurance Plans and Get Cheap Health Insurance Coverage

Health insurance insure against the health of the policy holder. For example, if you are hospitalized, the insurer will pay for your hospitalization bills and medical cost. Health insurance is available in from the government and private health insurers. Private health insurers offer health insurance for individuals. Group plans health insurers offer health insurance through groups at a discounted rate. Group insurance plans are usually provided to employees of a company or association. Health insurance can be paid monthly, or annually.

Health insurance can be divided into four categories including traditional health insurance, PPO, POS, and HMO insurance. Fee for service plan is used to be a popular option thirty decades ago. Normally, you have to pay $200 – $2500 for the deductible before the insurance company will offer compensation. After you have settled the deductible, the insurance company will pay 80% of the medical bills. The insurance companies will only offer compensation for necessary medical expenses. It will check the rate of the service that is charged by other doctors in the same area. If The insurance company won’t pay for the overcharged amount so you have to pay for the remaining bill yourself.

Preferred Provider Organizations (PPOs) consists of a network of doctors who have agreed to offer their service at low price. Members of the PPOs will get financial benefits. The PPOs doctors charges a lower rate compare to the out of network doctor. If you see an out of network doctor, you will have to submit the bill to your insurance company in order to get compensation. Some health insurance companies also charge deductibles.

Point of Service plans (POS) is a health insurance plants that offer health coverage through doctors called Primary Care Physician. Customers can choose the Primary Care Physician themselves. If you want to use the service of an out of network doctor, you can still get some coverage. However, you have to get a referral of specialist from your PCP. It will be more troublesome to choose the out of network doctor yourself because you have to complete many paperwork. If the out of network specialist is referred by a PCP, the doctor will help you to deal with the paperwork and you won’t have to pay for the deductible.

Health Maintenance Organizations (HMOs) have their own medical offices. Some HMO contain a network of doctors. HMO is often purchased by companies. The companies purchase the health HMO insurance plans to provide cheaper health insurance for their staffs. Individual consumers seldom purchase the HMO health insurance plan. If you want to benefit from the HMOs coverage, you have to see a physician that is approved by the HMO. You can request the Primary Care Physician to recommend a specialist for you. HMO is well known for providing coverage against the preventive care services. It also provides coverage for health improvement programs.