Th two types of health insurance include private and public or government health insurance, wherein private health insurance is usually offered by employers or other organizations. Some employers offer one type of health insurance plan, while others allow their employees to choose from more than one plan. When it comes to private health insurance, manage care deals with certain health care facilities and providers, providing care at lower costs as part of the network plan. The three kinds of managed care plans are HMOs (Health Maintenance Organizations), PPOs (Preferred provider Organizations), and point of service.
Health Maintenance Organization (HMO) refers to manage care plans that usually pay only for the medical care within their own network of health care providers, that cost less than plans offering wider choices of providers. Preferred Provider Organizations (PPOs) refers to manage care plans that cover more medical costs within their own network of health care providers, and they also can cover some costs for health care received outside the network. Point of service refers to freely choosing between HMO or PPO every time you get medical care. Indemnity or fee-for-service plans are under private health insurance, which is different from managed care plans because the choice of hospitals or doctors you can use for your medical care is not restricted. Indemnity care plans pay a fee to a health care provider every time you receive medical care as covered by the plan, and the costs paid usually by the own pocket of the patient as compared to managed care plans. It only means that this plan allow you to choose any healthcare provider for any healthcare treatment.
The different private health insurance plans are employer-provided group coverage and individually-purchased family coverage. Health insurance provides hospital and surgical benefits, including inpatient hospital services as well as surgical procedures such as laboratory tests, radiologic procedures, nursing care, and room and board. A health insurance also covers basic benefit provisions such as ambulance service, specific medical tests, and oxygen. Major or comprehensive medical benefits include inpatient and outpatient hospital and physician services which are not covered under the basic benefits of a plan.
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