Entry

What kinds of individual and family insurance plans are available?

Jul 22nd, 2008 17:25
Sergey45, Dennis Alexander, http://www.healthcoveragequotes.com

Individual and family health insurance plans are usually described as 
either "indemnity" or "managed-care" plans. Put broadly, the major 
differences concern choice of healthcare providers, out-of-pocket 
costs and how bills are paid. Typically, indemnity plans offer a 
broader selection of healthcare providers than managed care plans. 
Indemnity plans pay their share of the costs for covered services only 
after they receive a bill (which means that you may have to pay up 
front and then obtain reimbursement from your health insurance 
company).
There are several different types of managed-care health insurance 
plans. These include HMO, PPO, and POS plans. Managed-care plans 
typically make use of healthcare provider networks. Healthcare 
providers within a network agree to perform services for managed-care 
plan patients at pre-negotiated rates and will usually submit the 
claim to the insurance company for you. In general, you'll have less 
paperwork and lower out-of-pocket costs with a managed care health 
insurance plan and a broader choice of healthcare providers with an 
indemnity plan.
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