Options Available To Individuals For Different Health Insurance Plans Available
It is a generally believed notion that insuring an individual''s health care is perhaps more expensive than buying a Rolls Royce.
However, there are options as well criteria which can lead to an appropriate choice of a health insurance plan. The majority of the populations however choose either of the traditional, HMO, or the PPO health insurance plan.
A brief overview of the traditional health insurance plan reveals that though this plan covers maximum amount of choice to the individual employees.
As it allows one to choose a doctor of his or her choice, a hospital of choice, as well as receive any treatment duly covered under the respective health insurance plan.
The second type of health insurance plan, that of HMOs is somewhat different as it works within the parameters of a network of health care professionals in due collaboration with the employers of the respective individuals.
The role of the employers in turn is to reimburse the health care professionals and hospitals with a certain fee as well as cost of insurance.
Some Drawbacks Of Health Insurances
The drawbacks of the HMO health insurance plan include the limitations on the availability of health care professionals, and the restrictions to avail health from the nominated health care professionals only. New changes in the HOM system of health insurance has however provided some benefits as it allows for point-of service plan for members.
This benefit allows the members to visit and obtain health care from non-network health care professionals in return for a specified sum.
The third most common health care insurance plan is the PPO (preferred provider organization) which is a collection of health care professionals, all of who agree to provide a wide range of health care services through a specified sum payable by the respective employers.
The system of PPO is increasingly becoming popular as it restricts health care costs yet at the same time choosing a physician or doctor of your own choice.
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