Health Insurance | Types Of Health Insurance

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Health Insurance

 

Health is wealth. Is it true? Yes, Of course, everyone wants to be healthy, and that's why we say that health is the greatest wealth in the world.

To understand the field of health insurance, it is useful to start with the most basic things. Health insurance is basically a promise of an insurance company to provide you health care services (medical, visit to the doctor or emergency room, hospitalization and other medicine expenses) in exchange for commissions.

Types of health insurance

There are basic four types of health insurance, which are as follows:

1.       Point-of-Service Plans (POS)

2.       Fee-for-Service Plans

3.       Preferred Provider Organizations (PPOs)

4.       Health Maintenance Organizations (HMOs)

These four types of health insurance may have four different names, but they provide medical care to people. Most affordable plan is “FREE-SERVICE PLAN”. It has got some limitations. the organization has obtained the preferred supplier of several options, but this is the most expensive. It's up to you to decide what type of insurance is the best and which one you would like to purchase.

Short Term Health Insurance

 

Short-term health insurance is often a cheaper alternative to COBRA.

To cover unexpected illnesses and accidents. Pre-existing illnesses and routine medical procedures are not covered. You can get the coverage the next day, when answering a few simple questions about your health. Short term health insurance is an affordable option for temporary health insurance needs and is also a viable alternative to COBRA.

Long Term Health Care Insurance

 

The need for long-term care (LTC) was raised by many things: a slip and fall, post-operative recovery time, or a general reduction in its ability to take care of themselves, either because age or illness. The reason that requires long-term care can result in many types of care. Generally,

the types of due diligence long term divided into two categories:

1. Skilled Care

2. Non-skilled Care

Filnally, we have to be very cautious about health insurance. Because health is the greatest wealth in the world.