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Archive for June, 2009
If you’re looking for a low cost medical insurance plan, your best bet is to avoid traditional indemnity (fee-for-service) plans and go with an HMO or a PPO. Here’s a comparison of the two plans and information on where to the best rate on either one.
Medical Insurance Plans
Medical insurance plans fall into two categories - traditional indemnity plans and managed health care plans (HMOs, PPOs, and POSs). Of all the health care plans HMOs and PPOs are the least expensive. Here’s an overview of each of these plans.
HMO (Health Maintenance Organization)
With an HMO you pay a monthly fee and are assigned to a network of doctors and hospitals you must must use for your health care. You are also assigned to a primary care physician who oversees your care and refers you to specialists.
The advantages of using an HMO are:
* You only pay a fixed monthly premium no matter how much your medical costs are.
* There are no deductibles (the amount you pay toward medical claims before your insurance company will pay).
* Co-payments (the amount you pay for each doctor visit) are cheap, costing $5 to $10 per visit.
* HMOs encourage preventive care, and many HMOs offer health education classes and discounts on health club memberships.
* There are no benefit caps - you’re covered as long as you’re a member of the HMO.
* There are minimal paperwork hassles.
PPO (Preferred Provider Organization)
With a PPO you are also assigned to a network of doctors and hospitals, but you pay for your medical services as they are provided. You are also assigned to a primary care physician who oversees your medical care.
The advantages of using a PPO are:
* You may see a specialist within the network without getting permission from your primary care physician.
* You may see a doctor or specialist outside the network, but for a slightly higher fee.
* Low co-payments, usually $5 to $10.
* PPOs offer more preventive care such as health club discounts, health maintenance workshops, smoking workshops, and weight loss workshops.
Where to Get Low Cost Medical Insurance
Visit http://www.LowerRateQuotes.com/health-insurance.html or click on the following link to get low cost medical insurance quotes from top-rated companies and see how much you can save. You can get more insurance tips in their Articles section, and get answers to your questions from an insurance expert by using their online chat service.
It is said that “health is not valued until sickness comes”. For most of the people, the quotation will appear to be apt. With the modern lifestyle becoming so busy, we often tend to be careless when it comes to taking good care of our health. This is where having a medical insurance offers a helping hand whenever the matter of your health occurs. Availing a health insurance helps you by giving you a reliable financial source to get all possible kinds of medical check-ups for sicknesses you suffer from.
Health insurance can be availed through two methods – Indemnity plans and managed care plans. Through indemnity plans, you are free to choose a doctor of your choice for getting all your sickness checked up. Managed care plans have a wider coverage for your health problems. While buying insurance, it is important that you understand which insurance you need to buy.
Normally a good insurance have several types of coverage, each covering different types of sickness. Medical insurance is responsible for covering cost of room and board when you are hospitalised, have to pay for surgical expense, finance doctor’s visit charges, etc. Usually, a common health insurance will not cover each and every health expense. Most of the insurance will not cover for dangerous diseases and illness costing a big amount. You will need a major health insurance, which is helpful in giving you a large cover.
Planning about which plans and which insurance provider is best is the next important point to decide. Ask all the relevant details from your insurance agent. They will tell you everything about what health benefits you will get, and the coverage of the medical insurance that will be given to you. The best you can do is some online research about the different insurance companies and their various plans. Checking such things may give you an opportunity to grab a good insurance deal.
Problems for uninsured
Purchasing the right kind and amount of Florida medical insurance should be the top of the to-do list for those who are uninsured. Of course that is easier said than done when certain conditions exist. In Florida the insurance companies can include pre-existing conditions in their policies in order to be exclusionary. In fact pre-existing conditions can prevent you from buying the individual policy you have chosen, but it is not the end of the story. There are many different insurance companies offering health insurance and one denial does not automatically mean you will get the same response from other companies.
Defining a pre-existing condition would seem to be simple, but nothing in the insurance world is truly simple. With full latitude given insurance companies as to how they define pre-existing the clauses in policies are as varied as the number of policies written. For example, a pre-existing condition could be defined as one where you have already seen a doctor previously just to discuss a particular issue. In the strictest definitions, there is no requirement that you actually received a diagnosis or treatment. You can merely have sought advice.
In other pre-existing condition definitions, the requirements are not quite as limiting. Some insurance policies require that an actual diagnosis or treatment have been involved in order to be considered pre-existing. The time limit applied is that the treatment or diagnosis must have occurred within the last 2 years. Of course a health insurance provider can also issue an elimination rider attached to the policy which permanently excludes a previously diagnosed or treated condition. When looking for Florida medical insurance it is important to understand the terms as an informed consumer.
People find themselves uninsured for many different reasons. A job loss is one of the primary reasons. People who work for themselves after working for someone else for years frequently do not have health insurance because they believe the cost is prohibitive. When you cannot afford health insurance under a COBRA within the allowed time limits and have a pre-existing condition, it may seem as if you have no options left other than accepting a policy that covers very little. There are plenty of policies issued that only cover a doctor visit, some basic procedures and very few prescriptions. But just like anything else, you get what you pay for.
The issue of pre-existing conditions can cause a lot of heartache when shopping for health insurance. Using an experienced insurance broker who can get quotes from multiple insurance companies for Florida medical insurance is important. An expert that understands the different policies and premium structuring can help the uninsured find private or government backed insurance that provides affordable coverage.
The good news in Florida is there is guaranteed renewability. This means your Florida medical insurance cannot be cancelled even if you get sick. So once you obtain the insurance and keep the premiums up to date, the insurance company cannot cancel your policy.
Just because you have a pre-existing condition and are currently not insured, you do not have to assume you are unable to get coverage. Florida has a number of income based health insurance programs available even if you are unable to purchase private health insurance. There is a lot of talk in the media about uninsured citizens, but the fact is that states like Florida have made a real effort to make Florida medical insurance available to everyone including children. For example, Florida KidCare insurance is offered by the Medicaid program.
You can find affordable health insurance that fits your budget and your needs even if you have pre-existing conditions and are uninsured. The media likes to talk about people without insurance, but they would be better off letting people know about the large number of options available. After you talk to an insurance broker, you will be amazed at the number of possibilities for coverage open to you.
For those looking for a cheap health insurance plan to fit with their limited income and stretched financial resources in these troubled times then managed care medical insurance policies are an possibility. The three different forms of managed care plan available are the HMO (Health Maintenance Organization) plan, the PPO (Preferred Provider Organization) plan and the POS (Point of Service) plan. Contrary to popular belief that cheap health insurance plans are just not up to it when it comes to medical services managed care plans can be a great choice.
They are not only generally reasonably cheap but they also provide an excellent range of cover. Above all, these policies also require very little paper work for making claims which can be a real nuisance with many other types of medical insurance policy.
However there is one disadvantage to being covered by a low cost HMO medical insurance policy and that is that, in the event of an illness or the requirement for surgery, you are not allowed to choose the doctor you want to provide your treatment unless the doctor is employed within the network used by your health policy provider. That can put you at some degree of risk as you might need to visit a specific specialist who has expertise in treating your kind of illness and if he or she is not a member of your insurer’s network you are going to have to pay the cost from your own pocket.
When choosing a health insurance plan you ought to look for the best level of cover you can find and you ought to do your research to find the right insurance provider with the doctors and medical services you need. But do not let your limited financial resources be a constraint to getting the right type of insurance policy because there are a lot of providers to choose from today.
A medical insurance plan is a necessity and not a luxury nowadays and if you look in the correct place you will find affordable medical insurance which also provides you with wide ranging coverage.
One of the hazards of modern day life is the continuously rising prices of everything. So much so that rarely will one come ever come across an item, which can be purchased without any care full deliberation. Imagine in this scenario the position of a middle class household who comes face to face with such an unplanned expenditure. What further complicates the matter is the fact that such an expense cannot be postponed. This is exactly what happens if a loved one of yours is in a hospital, grappling with a serious illness. What can really make the whole episode really heart rendering is the fact that one might not have enough finance to get his relative treated. Imagine the plight of a father who cannot arrange enough money to get his son treated.
Well, such a tragedy as this could easily have been averted had one opted for medical insurance. Medical insurance ensures that in case of illnesses, it would be the insurance company that will bear the expenses with the concerned person not requiring to pay a single penny. Needless then to say that what a respite such a service like medical insurance will bring to people.
However, to gain maximum from medical insurance, one must pay emphasis on certain points. First of all, one must ensure that the policy must come to existence as soon as it is signed; secondly, one must see what the illnesses are that one is protected from. One should also take certain precautions like never furnishing any wrong information to the insurance company and never defaulting on monthly premiums.
If such precautions are taken, then there should be absolutely no doubt in the fact that health insurance, particularly medical insurance will go a long way in serving people in their hour of distress.
We are going to be loosing our current medical insurance through my husbands employer and are going to purchase medical and dental insurance privately. I want to know who offers the best plan for your money. Is there companies to look out for and are there any companies that are highly recommended. Just wanting some input. Thank You…:)
Medical costs are rising all the time and so are the medical insurance costs. However, not to worry, since there are many ways that you can get hold of cheap insurance deals. You need not deprive yourself of this important financial protection policy, with the fear that it might be unnecessarily expensive. This is not a risk worth taking. After all. you never know when a medical treatment may be required, or when a medical emergency may be on its way. An insurance coverage for such a situation, can be quite a blessing. Insurance of your health is important because your health care is your responsibility. There are some proven ways you can apply to keep your premium low and at the same time, be sure of what you are getting.
For this, you will certainly need to start with a bit of research of the market to compare medical insurance quotes from different insurers and to determine policies most suitable for you. There are a few considerations such as being clear about the terms. The first thing to be cleared is the coverage you will get and what are the conditions applicable. Be sure also to clarify the conditions where your insurance claim may get denied. Denial of insurance claim when you are in a medical emergency situation would always be the last thing anybody would want. An insurance claim denial in such a situation defeats the very purpose of insurance. Be not be misled by a low premium.
These days, the internet has taken over the market as the new hub of insurance transactions. The application process is much easier, quicker and convenient so that you can get as many quotes you would like from different insurers so that you can compare them. You can also negotiate for great deals. Being equipped with wider options thus, you can increase your chances of finding a medical insurance policy that is perfect for you and also for your family.
How is health/ medical insurance verified at a doctors office?