HEALTH INSURANCE
Definition
Health insurance can be further classified into
feefor-service (traditional insurance) and managed care. Both group and
individual insurance plans can be either fee-for-service or managed care plans.
Definition
Health
insurance is also known as medical insurance. Health insurance is insurance
that pays for all or part of a person's health care bills. In order to understand
your health care coverage, you must first be able to identify what type of
health plan you may have. There are 3 different health plans available to
consumers:
Private health plans are the most common.
These are health plans offered by employers to their employees. They can also
be purchased by an individual.
Medicaid is
government funded health care, typically provided for low-income individuals
and families.
Medicare is government funded health care, typically provided for
individuals ages 65 and over.
Medical insurance gives you medical protection to
health-related risks that may arise due to an unexpected mishap. Many employees
get the Group Health Insurance policy from their employer but it can be availed
only till they are on rolls. So, all those who are looking something in
addition to this indemnity plan shall get individual or family health
insurance.
Health insurance can be further classified into
feefor-service (traditional insurance) and managed care. Both group and
individual insurance plans can be either fee-for-service or managed care plans.
The following are types of
managed care plans
Health Maintenance
Organization (HMO)
Preferred Provider
Organization (PPO)
By taking health insurance easy travel, easy health and Personal Accidental Plan have
been conceptualized to provide you the required health coverage. So, update
yourself with the information regarding the Medical insurance plans and buy the one that suits your needs.
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