Health Insurance Plans and Policies

Health Coverage Policies (or Health Insurance Plans)see in non-emergency situations if they are not
vary greatly depending on what type of category thein-network (authorized providers), where as with a
particular falls under. There are four main types ofPPO you can choose to see anyone (at a higher cost
insurance and one of the categories contains threefor those not in-network). Both have lower premiums,
subcategories itself. The types are as follows: Individualco-pays and control over what services are provided
or Self-Insurance; Indemnity plans or fee-for-serviceand when. Fee-for-Service Health Coverage Policies
plans; and finally Managed care with its subcategoriesoffer the most freedom to choose your doctor but
being Health Maintenance Organizations (HMOs),come with high out-of-pocket costs and premiums.
Preferred Provider Organizations (PPOs), and Point ofWith POS policies, you have to choose a Primary
Service (POS). The categories seem simple enoughCare Physician (PCP) and a referral from the PCP is
but choosing the best for your particular needs canrequired to avoid extra costs.
sometimes prove to be difficult.The type of Health Coverage Policy that is right for
Knowing what each of the Health Coverage Policiesyou will depend on your health issues, family size and
consists of can make your decision that much easier.budget. Before deciding on a policy, it is important to
We'll start with the most recognizable of the four:determine what your exact needs are and what type
Managed Care. An HMO strictly governs who you canof policy will fill those needs.