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| Health Insurance Basics | Health Insurance Basics: Health Insurance 101
Health insurance is, in essence, a promise by an insurance
company or health plan to present or pay for health care services in return for
payment of premiums.
By means of group plan at work, through another group
affiliation (a school, a club, etc.), or by purchasing an individual plan on
your own, you may get health insurance. You may even be able to customize the
health ...
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| Health Insurance Premium | Health Insurance Premium: Health Insurance 101
By means of actuaries employed by insurance companies, health
Insurance premiums are determined. The premium amount comprises of different
factors such as the cost of advertising, selling, paying for services rendered
by health care practitioners, administration of the insurance program in
addition to the investment of premium payments and a profit margin.
According to the ...
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| Individual Health Insurance |
Individual Health Insurance: Health Insurance 101
Individual health insurance is the health insurance offered to an individual. Majority insurance companies offer policies on an individual basis. Several of the more common types of policies include:
Major Medical - for doctor visits, surgery and hospitalization or ongoing illnesses provides coverage.
Hospital and Surgery - provides coverage solely related to hospital stays and surgical services, such as room and board, laboratory tests, X-rays, plus doctors&#...
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| Group Health Insurance |
Group Health Insurance: Health Insurance 101
Group health insurance makes individual coverage available on a group basis. The purchasing power of the group that achieves reduced acquisition costs for the insurance company is a primary advantage of this insurance coverage. To provide insurance for each individual member of the group, the insurance company is then able to reduce the rate it charges.
To provide additional benefits for its members, the Group is in a better position to bargain with the insurance company. Vari...
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| Types of Health Insurance |
Types of Health Insurance: Health Insurance 101
No one type of health care plan is better than the other. It
really based on your needs and preferences. Some people take please in the
autonomy offered by fee-for-service plans, while others prefer the low costs
associated with closed-panel HMOs.
Also, distinctions among the types of plans
may blur as health insurers compete for business.
Health insurance can be divided into two broad categories:
Traditional and Managed care. There are four basic types ...
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