Friday, August 11, 2006
Choosing the precise type of individual health insurance is an essential step in looking after you. The main three choices when it comes to Individual Health Insurance coverage are Fee-for-service, HMO and PPO. Fee for service means that you can go to any doctor in the country and not necessary there should be some referrals for specialists.
This is the most flexible type of cover and often the most expensive too. You pay a monthly premium and a yearly deductible which is a payment you must make before any insurance payments are made. Certain costs are taken out of this deductible, whilst others may not be covered by it. The downside is that you must choose a doctor from their list, and if you need to see a specialist you must have a referral from your primary care doctor.
PPO stands for Preferred Provider Organization. You do really have to shop around and see what each plan offers. A fee for service plan may have unforeseen restrictions, or a HMO plan may include costs you might not expect. You might also want to reflect on Medicare or Medicaid if you are hindered or come from a low income family. Eligibility varies from State to State, so if you think you might be eligible, do look into it and go ahead.
posted by renaa
@ 8:18 PM
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