What Health Insurance Plan Suits You?
Over 12% of Americans by years 2017 had not registered to be in an insurance policy /cover and this means that in case of a medical emergency they would not be in any position to cater for the bills.
There are two types of insurance covers and that is the group and the individual coverage, group is provided by the place you work and the individual plan is sough independently by an employer.
The group insurance cover is where a group plan is provided by the employer, the employer group are provided by the private employers ,government agencies and workers union and this is they form of insurance that covers most of the Americans.
the benefit of having a group health plan is because it can be comprehensive in some areas like maternity care, dental care and preventative care.
the individual plan is where if your employer does not arrange for your insurance plan you can go ahead and buy it by yourself, this can be bought from marketplaces and insurance exchanges.
The individual plan is also called the single player plan they tend to cost a lot of more cash than the group plans and this is because you are responsible for all the payment and these tend to provide limited coverage that having a group plan.
The most common type of health insurance plan is the POS, PPO, EPO, HMO which all depend with what you can afford, the HMO plan is where you are covered within your network and in case of an emergency you are always permitted to go outside the network and if you see a specialist and need a procedure you will need referral from GP first.
The point of service plan is a less expensive option and this option you do not have to stay in your network for coverage with the POS plan but you will be required to have a referral when you are in need of a procedure.
The PPO is a plan where you can go outside the network for the coverage and you are not required to see you physician for procedures and referrals, this is a good plan since it gives you the benefit of provider options and suitable for people living in remote and rural areas.
Like the HMO you have to stay in your network except in emergency situations but the EPOs allow you to see a specialist and schedule procedures without referrals from the primary physician and they have relatively low costs as long as you get the provider within the network and allow you to choose your own physician.