Advantages to Managed Care Plans

0 like 0 dislike
632 views
in Articles - Prepatriarch
There are many different types of Health insurance plans out there. Picking the right one for yourself can be troublesome in the beginning, especially if you don't know what you are looking for. You might have trouble deciding which one would be better for you.

Health insurance is divided into two large categories-indemnity and managed care plans. Indemnity plans, also commonly called reimbursement plans, will reimburse your medical expenses up to a certain limit. Under the Reimbursement plan, the insurer pays a percentage of the total charges, regardless of how much the charges are. With the indemnity plan, the insurer will pay a specified amount every day for a specified number of days. The amount reimbursed does not rely on the cost of medical care, but what you are reimbursed will never exceed your expenses.

The other popular type of health insurance plans is managed care plans. The three types of policies categorized as managed care plans are HMOs, POSs, and PPOs. This type of insurance is more popular than the indemnity plan, as they offer more flexibility. With these types of options you either pay a monthly fee no matter how many times you see a doctor, or pay a co-payment but no monthly fee. With managed care plans, you are given options of care. The plan you choose and the amount of money you wish to pay determines how big of a network of doctors and specialists you can see and still be covered under the plan. Some managed car plans (most often PPOs) offer sponsorship programs from a network of hospitals and medical services. You can often get this kind of plan through your employer.

Managed healthcare plans are better for the average person due to the fact that they are more cost effective. While indemnity plans may give you a lot more freedom in cost, you will have to use the healthcare provider that the insurer chooses. If you have a specific disability, this can present itself as a problem. In the long run, a managed care plan will save you money, especially if emergencies arise when you are out of town. These types of plans also are more flexible in policy. Before you purchase any kind of health insurance, be sure to research the many options available for you and your family to ensure you receive the best coverage possible for the lowest monthly premium or deductible.

Please log in or register to reply to this post.

Related posts

0 like 0 dislike
0 comments 542 views
0 like 0 dislike
0 comments 445 views
0 like 0 dislike
0 comments 473 views
0 like 1 dislike
0 comments 1,454 views
0 like 0 dislike
0 comments 548 views
0 like 0 dislike
0 comments 436 views
0 like 0 dislike
0 comments 470 views
0 like 0 dislike
0 comments 504 views
0 like 0 dislike
0 comments 478 views
0 like 0 dislike
0 comments 456 views
0 like 0 dislike
0 comments 453 views
0 like 0 dislike
0 comments 808 views
0 like 0 dislike
0 comments 403 views
0 like 0 dislike
0 comments 444 views
0 like 0 dislike
0 comments 434 views
0 like 0 dislike
0 comments 408 views
0 like 0 dislike
0 comments 405 views
0 like 0 dislike
0 comments 438 views
0 like 0 dislike
0 comments 416 views
0 like 0 dislike
0 comments 463 views
0 like 0 dislike
0 comments 471 views
0 like 0 dislike
0 comments 393 views
0 like 0 dislike
0 comments 545 views

55,458 posts

595 comments

3 comments

1,200,579 users

Connect with us:
...