Health insurance provides coverage to a policyholder’s medical
treatments. It pays the policyholder a negotiated percentage of the
total medical costs incurred. Without a health insurance it would be
rather difficult for you to obtain a good health care. If you think,
you seriously need medical assistance; you will definitely require a
medical insurance.
When you have made a decision to get a
health insurance done, the first thing that you should understand is
the various health insurance quotes.
In US, private companies
provide health insurance, whereas in Sweden, England, France, Norway
and Canada, the government reimburses the hospitals and the doctors.
The three basic health insurance quotes in the United States
Self-Insured/Uninsured:
This type of health insurance allows you to have health insurance or no
insurance, but requires you to pay the total insurance premium. About
30% of the entire US population has this type of health insurance.
Indemnity
Plans: If you are armed with this health insurance, you can acquire
medical assistance whenever you need it. Remember, this is the most
expensive medical insurance and enables you to seek medical assistance
as often as required without any restrictions.
Managed Care Plans: There are basically three categories for this type of health insurance:
The
prepaid plans of “Health Maintenance Organizations” (HMO) requires you
to pay a fixed monthly fee without considering the amount of medical
assistance needed in a particular month. The HMO renders its medical
services to hospitalization, surgery and even office visits. You are
advised to remain within the network for making use of the services.
The
“Point of Service” (POS) plans are a kind of managed healthcare system,
which permits you to pay no deductible. You only pay a small co-payment
for using a healthcare provider in your network. Just choose a primary
care physician within the network for all the referrals. Take care
never to go outside the POS network for healthcare, as it will subject
you to deductibles and excess charges.
Preferred Provider
Organizations (PPO) are the groups of hospitals and doctors who provide
medical assistance to the particular groups only. As a member, you have
to pay for the services but will be reimbursed for the cost of the
treatment by the PPO sponsor.
When choosing from the health
insurance quotes, you have to determine your personal condition, your
preferences and your capability to pay and only then decide which one
will be suitable for you. Though choosing from the different health
insurance quotes require a lot of time, it is quite essential for all
of us, and needs to be obtained before deciding on the insurance
provider.