Member-only story
Comprehensive health care, savings, and health even offer quality of life support benefits. The various forms of health plans that have been set up as part of major health plans have been found to be vital information resource tools to people and families for that definitive decision on health plans based on an informed choices process.
Types of Health Plans
1. Indemnity Plans: Covers medical expense, regardless of provider
2. Managed Care Plans: HMO, PPO, POS; catered by network
3. Catastrophic Plans: Minimum coverage of disaster or serious illness
4. Short-Term Plans: Covers someone temporarily until another kind of coverage is achieved
5. Medicare and Medicaid: Government-based coverage for the aging, disabled, or low-income family
Questions to Ponder
1. Premiums: Monthly or annually paid amount to have or retain.
2. Deductibles: What one has to pay out of pocket before insurance starts paying
3. Copays and Coinsurance: % cost sharing on medical care
4. Network Providers: in-network and out-of-network
5. Maximum…
