Health Insurance by josetenorio


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									                                        Health Insurance
Nothing is more precious to us than having good health. Everyday people are getting more aware of the
importance of having good health in order to be able to l8ive life to the fullest. But as the saying goes
nothing is certain in this world, we will always have uncertainties and surprises good or bad in our life. We
do get sick once in a while flu or even some major illness, or get ourselves involve in accidents. What ever
the case may be these events when they happen to us could deplete our savings or even push us to
bankruptcy. With the rising cost of hospital fees, laboratories and doctors' fees it is now expensive and
complicated. This is where health insurance could benefit us all. Yes, health insurance may cost a lot but
having no health insurance at all cost more. Medical bills incurred from an accident could burn a hole in your
savings. And in cases of cancer treatments, with all the doctors' check ups, laboratory tests, and
chemotherapy that one has to go through it could ruin you financially.

Health insurance could help you pay for the cost of a regular medical check ups, surgeries, contact lenses
and glasses and even emergency treatments. There are two basic kinds of health insurance plan, the
indemnity plan and the managed care plan. Indemnity plan is also called the fee for service plan. It has wider
freedom and flexibility in the choices of the insured. He gets to pick the doctor, hospital and laboratory and
other medical service provider of his choice. As long as the medical service is included in the health contract.
But, the catch is the plan doesn't pay for the entire charges, instead the insured shoulders the 20 % of the
payment. This kind of plan covers only illnesses and accidents but preventive care like flu shots and birth
control are not included. And coverage of the cost of prescription drugs and psychotherapy will depend on
the policy and the company.

Managed Care Health insurance differs from the indemnity plan in a lot of ways. First, choice of doctors,
hospitals, laboratories and other medical service provider is

limited to only those who have contracts with the HMO -Health Maintenance Organization--.Medical
services is received only if authorized by the plan. If you insist on engaging on non authorized medical
service provider then the cost of service or care provided will not be paid by the company. Preventive care
and mental health treatment are covered by the plan.

Due to the rising demands for better and wider health insurance coverage, the health insurance is offering
hybrid plans. Wherein, they combine the benefits of HMOs and indemnity coverage. The method is you can
use the network of medical service providers that have contracts with the HMO but you are allow to choose
someone outside of the network and pay for a higher percentage in the fee.. Managed Care plan also allows
open access theory, where one can see a network medical specialist without any referrals from HMO.
You need to decide carefully in choosing the right health insurance plan for you and your family needs. You
need to have a careful evaluation on what your family needs and extensive research for the right health
insurance company that will provide for those needs. Keep in mind that the lowest premiums don't really
mean it's the cheapest plan. Remember the cheapest plan is the policy that will give you the best benefits
that your family really needs in case of emergencies and illnesses.

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