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Types of Medical Insurance Plans in the United States by Medigap4 Senior
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Types of Medical Insurance Plans in the United States |
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Health
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Medical facilities and services available in the United States make it possible for most people to have access to some of the best treatments and advanced medical technologies. But the high cost of these treatments can be afforded only for those who have an insurance coverage. Presently, private health insurance system with laws to govern various features of the coverage offered is used in the United States. Private health care in the US comprises of private medical insurance companies that offers different types of billing and payment options. Most Americans have insurance coverage provided by their jobs or that of their parents or spouse. A part of the medical cost is borne by the employer and the employees are accountable for the monthly fee. Medical insurance for the elderly, federal employees, military members, veterans and those with low income is taken care of by the government. One can also compare health insurance plans and buy the one that is most suitable for them but it tends to be a very costly option. Assessing the positive and negative aspects of different health care plans is a mind boggling task but is equally significant to be able to adjudge the best one for your situation. Fee-for-Service Health Plans is the most common type of insurance policies offered by medical insurance companies. Apart from a monthly fee in the form of premium, you are also liable for a deductible which is a flat amount of money you are required to pay for annual medical care. Health maintenance organization (HMO) offers less choice when you compare health insurance plans. A beneficiary of this plan must find a doctor in their specific network. But HMO does not have deductibles and you only need to shell out small co-pay when you visit a doctor. Preferred Provider Organizations (PPO) is a mix of HMOs and fee-for-services health plans. As in an HMO, one is expected to choose from a given list of providers who are "in-network." Choosing a doctor from this list means a major part of your fees is covered barring a small co-pay. You are also allowed to select a primary care doctor with a PPO. People choose medical insurance companies that are PPOs as they provide better options for doctors and service providers. However there are still a large number of people in America who cannot afford for private health insurance coverage. But Medicare and Medicaid provide a breather for people without coverage. Any person who has attained the age of 65 years and has paid Medicare taxes for 10 years is eligible to enroll for Medicare. Basic Medicare provides support in the payment for hospital stays and compensates medical costs. Medicaid is a major support for those in low income category. If looking for understanding different types of Medical Insurance Plans provided in US. Please visit us @ Medigap4seniors.com or E-mail @ joe@cmsinsurancemarketing.com. You may call us @ 888.502.5553.
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