How do I choose the health insurance thats right for me?
Types of Health Insurance As the cost of health care is rising, it is important for everyone to obtain health insurance. The two different types of health insurance plans are: 1)A reimbursement plan and 2)a managed care plan. Reimbursement plans are also referred to as indemnity plans. Managed care plans are mainly referred to as PPOs, POS, or HMOs. With indemnity health insurance, you choose your own doctors. The plan pays for your medical bills partially, completely, or up to a specified amount for a specified number of days. A managed care health insurance plan covers the complete cost, minus a co-pay, and generally has more extensive coverage. However, you must use a doctor that is “in network”. These companies make agreements with specific doctors that you must use if you want the company’s health coverage. In choosing a health insurance plan, be sure to check for coverages that apply to your individual situation.
