Health insurance has proven to be of great help, especially during a financial and health related crisis. In cases, when someone is critically ill and is financially incapable of treating themselves, health insurance comes into the act. They help the customer to be free from worries related to paying treatment fees. So, a good health insurance plan will absolutely come into play during critical times of one’s life, thus making things somewhat better for them.
The types of health insurance plans
There are two types of health insurance plans. The first one is the indemnity plan which involves fee-for-services while the second one is the managed care plans. There are many differences between these two plans like the amount of money the policyholder will have to play, services covered by the policies, etc. So, basically, there are no best plans in the market available. People have to choose which policy suits them best by analyzing their ability to help, whether they are themselves financially capable of paying for the policies etc.
There are many plans under these two plans. Some are way better than the rest while some are good for the customer as well as their family’s health and medical care needs. However, among these fancy looking plans there are always some drawbacks which the customer might think to consider before selecting them just on the basis of their features.
A brief overview of some types of health plans?
- Flexible spending plans – This type of health insurance plan is sponsored by the company while working for the company as an employee. These plans are normally included in one’s benefits package.
- Indemnity health plans – They allows people to choose their own health care providers. People are given the freedom to choose any doctor, medical institution as well as health care providers.
Managed care options
- Preferred provider organizations – They are charged on a free basis. They provide health care service for free.
- Point of service – Under this plan, the main health care providers normally make referrals to other providers within the same scheme.