There are a few main different types of health insurance that you have to consider.
If you are with an employer that offers a certain type, then you will most likely have to go with what they choose.
The three main types you will see employees offer are the HMO, the Indemnity Plan, and the PPO.
The HMO, or the health maintenance organization, is one of the best that you can get.
In this, you will pay some of the lowest rates possible while you work with a certain group of doctors that are in a controlled network.
You don't get to pick your doctor is the downside.
You can pick, it's just within their group that they give you.
The Indemnity Plan is a plan that the patient can visit the doctor of their choice.
This is one of the oldest fashioned plans available today.
You have to pay out of pocket for all expenses, but then you can submit a claim to the insurance company for partial reimbursement.
A lot of people enjoy this type of coverage because they can see the doctors of their choice.
Many people don't like being told which doctor they have to go to.
Most of the time under this policy, the insurance company will cover 80% of the cost of your bill.
There are times however they won't cover certain things.
This is where you have to be careful and cross your T's and dot your I's.
There is also co-pay that many people enjoy.
This way, when you get medicine or visit the doctor, you are only responsible for your co-pay.
This is usually a very small amount of money.
The PPO, or the preferred provider organization, is where you will be offered a certain amount of doctors to choose from.
They will work with the insurance companies and have already agreed to regulated rates.
If you need to see a specialist, then you will have to be recommended to see them by your Primary Care Physician.
This can be a bit cumbersome at times to deal with.
If you are with an employer that offers a certain type, then you will most likely have to go with what they choose.
The three main types you will see employees offer are the HMO, the Indemnity Plan, and the PPO.
The HMO, or the health maintenance organization, is one of the best that you can get.
In this, you will pay some of the lowest rates possible while you work with a certain group of doctors that are in a controlled network.
You don't get to pick your doctor is the downside.
You can pick, it's just within their group that they give you.
The Indemnity Plan is a plan that the patient can visit the doctor of their choice.
This is one of the oldest fashioned plans available today.
You have to pay out of pocket for all expenses, but then you can submit a claim to the insurance company for partial reimbursement.
A lot of people enjoy this type of coverage because they can see the doctors of their choice.
Many people don't like being told which doctor they have to go to.
Most of the time under this policy, the insurance company will cover 80% of the cost of your bill.
There are times however they won't cover certain things.
This is where you have to be careful and cross your T's and dot your I's.
There is also co-pay that many people enjoy.
This way, when you get medicine or visit the doctor, you are only responsible for your co-pay.
This is usually a very small amount of money.
The PPO, or the preferred provider organization, is where you will be offered a certain amount of doctors to choose from.
They will work with the insurance companies and have already agreed to regulated rates.
If you need to see a specialist, then you will have to be recommended to see them by your Primary Care Physician.
This can be a bit cumbersome at times to deal with.
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