Saturday, May 23, 2009
Different types of health insurance
Medicals treatments are becoming expensive day by day. Though you cannot predict when you will need medical attention, yet you can purchase health insurance policy for future medical benefits. It will help you to afford the right medical treatment, even if it is expensive. Buying health insurance policy can also help you to reduce stress as you’ll not have to worry about the rising cost of medical treatment.
Types of health insurance plans
Health insurance plans can be divided into 2 types, which are discussed below.
1.Indemnity plans – It is often referred as fee-for-service plans. You can choose your own doctor if you buy this health insurance plan. The claim can be made either by the doctor or the insurance holder. Indemnity plans usually cover outpatient care, hospitalization along with covering physician services in or out of the hospital.
2.Managed care plans – These health insurance policies can help you to minimize the unnecessary costs of medical treatment. In managed care insurance plan, the insurance companies usually contract with a number of hospitals and doctors in order to provide you with cost-effective health care.
Health insurance for the aged
There is a federal government program for the senior citizens, which is termed as Medicare. You can purchase a Medicare policy if you are at least 65 years of age; however, even if your age is less than 65, you can buy this policy if you have certain disabilities.
There are a number of companies that offer health insurance policies. However, it is advisable that you carefully examine the medical coverage provided by your policy. You can also compare premium rates before buying a particular insurance policy. These will help you to choose the right health insurance policies, which can provide you with the exact coverage, when necessary.