Health insurance is a hot topic, especially in the United States. It is insurance that covers some of your portion of medical expenses. Medical care is astronomical and a big cause of bankruptcies in the United States. Having health insurance protects you from carrying the full burden of costs for medical care.
Unless you are extremely wealthy, you can benefit from this insurance. Married couples, seniors, families, and single people all need healthcare. There is not a person on the planet that never needs medical attention. This insurance helps you get the help you need.
Health insurance is a contract between you and the insurance company. This medical policy outlines services that are covered under the policy. You might receive help for 70 to 80 percent of your medical costs. What remains is your portion of the medical bill to pay.
Types of Coverage
A Preferred Provider Organization (PPO) Plan allows you to see any doctor or specialist in the insurance company’s network. This means you do not need a referral from a primary care physician. Then there is an Exclusive Provider Organization (EPO) Plan, which means you can only use doctors and specialist within the company network. If you use an out of network doctor, then you cannot receive benefits.
The Points of Service (POS) Plan allows you to choose a primary care physician for check-ups and referrals. And you can also use out-of-pocket providers. A High Deductible Health Plan (HDHP) charges a high deductible that you must pay before the plan covers your medical expenses. The deductible is high because the plan charges very low monthly premiums.
The main benefit of health insurance is getting help with your expenses. It also means you are more likely to seek medical attention when you need it. The coverage also covers preventive benefits that help you maintain your health.