What Health Insurance Plan Suits You?
In 2017 Americans had over 12% of people who were without an insurance policy which means that majority of the pollution are not in a position to cover for their cost in case of a medical emergency.
There are two different types of health insurance covers namely the group and the individual covers, the group cover is the one provided by the employer and the individual cover is where the employee signs for themselves, read this page and we discuss the differences further.
The group insurance cover is where a group plan is provided by the employer, the employer group are provided by the private employers ,government agencies and workers union and this is they form of insurance that covers most of the Americans.
the benefit of having a group health plan is because it can be comprehensive in some areas like maternity care, dental care and preventative care.
the individual plan is where if your employer does not arrange for your insurance plan you can go ahead and buy it by yourself, this can be bought from marketplaces and insurance exchanges.
The individual health benefit is more costly than the group plan and this is because you are the one who is responsible for all the payments and they also tend to limit in the coverage.
The health maintenance organization is one of the health insurance benefits where you are only covered within your network, if you go to see a specialist and they recommend a procedure you will have to get permission first from a GP first.
the point of service plan is the ideal plan for people who are middle class earners, this is less expensive and this does not limit you to your plan, you will however require to have a referral in case of a procedure.
Because HMO and POS plans require to have referrals for specialists and procedures ,many people will not he attracted to this option and will opt to have a lower cut of the pocket cost insurance cover that will allow you to see your physician like the PPO.
Like the HMO you have to stay in your network except in emergency situations but the EPOs allow you to see a specialist and schedule procedures without referrals from the primary physician and they have relatively low costs as long as you get the provider within the network and allow you to choose your own physician.