| Affordable
Health Insurance
When choosing a health insurance plan you are going
to choose between three different sub categories: PPO's,
HMO's, and Indemnity Plans. There is not much difference
between a PPO (Preferred Provider Organization) and
an HMO (Health Maintenance Organization). They are both
options that your keep your premium costs down by only
allowing you to see doctors or visit specialists that
are members of a "provider network". For example,
when you see a doctor that is a member of the network
you will only pay a co-pay amount (ususally $5 - $25)
for your office visit. The insurance company pays the
rest. To be eligible for the copay, you must visit a
doctor in the network. Otherwise, the insurance company
may not pay their share of your visit.
Indemnity Plans are a little different. Also called
"traditional health insurance", they allow
you to choose whatever doctor, hospital, or specialist
you want, and your visit is covered no matter what.
You pay your co-pay amount and your insurer will pay
the rest. These plans may or may not be more expensive
so it is important for you to compare quotes between
indemnity plans and PPO/HMO plans. |
