The Art of Mastering

What Health Insurance Plan Suits You?

In 2017 arounfd12% of the American population did not have an insurance policy and this means that in case one way in in an emergency situation, they would not be in a position to cover the bills, keep reading this page and understand why taking an insurance cover is beneficial.

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There are two types of health insurance and the first is the group coverage which is provided by the employer and the next one is the individual coverage which is placed by an individual employer.

A group plan is provided by your employer and this is and they are provided by private employers like workers union, government agencies and this is the kind that is mostly used by Americans.

The group insurance plans is where the employer will pay a part of the premiums and that is why they are least expensive, in addition they offer comprehensive coverage than the individual plans in this plan you are likely to be covered for maternity care ,preventative care and even dental.

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 most common type of health insurance plan is the POS, PPO, EPO, HMO which all depend with what you can afford, the HMO plan is where you are covered within your network and in case of an emergency you are always permitted to go outside the network and if you see a specialist and need a procedure you will need referral from GP first.

The less costly option of a health insurance is the point of service plan, this does not limit you in your coverage and this is where you can move from you plan however if you wish to have a procedure you will be required to have an referral.

The PPO plan is another alternative, in this plan you are able to go outside your coverage and you are not required to see your physician for referral it is a suitable plan for people living in rural remote areas who often go out of the network.

The EPO plan will require you to stay in your coverage network except when you have an emergency, the EPO plan allows you to see a physician that you choose without referrals from primary physician.

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