Types of Health Care Insurance

There are many types of health Insurance available but you must choose which insurance is right for you. Knowing what your options are is the best way of finding the health care that you may need and help you to know and understand the differences between them. There are four main medical plans for you to make a choice.

• Major Medical: With this type of insurance you are responsible for paying a deductible before any benefits are paid. For example, 80 percent will be paid toward medical bills from the insurance company and you will pay the rest of 20 percent. You may go to any Doctor you want or hospitals for services and then be reimbursed 80 percent of the money back.


• HMO: Health maintenance organization a type of Insurance with long term care, which is less expensive than the major medical plan, all patients have a primary physician responsible for providing preventive care. HMOs are considered managed health care


• PPO: Preferred provider organization. You may see any Doctor that you choose, there is a network of doctors, the insurance company pays 80% of the in-network charges. There are higher fees for out-of-network services.


• POS: Point of service is considered both a combination of PPO and HMO. You choose the Physician and a specialist has to be referred, if not referred the insurance company may decide not to pay