What are the different types of health insurance?

The US health care system comes with a large number of health insurance possibilities. The possibilities are spectrum from low cost, minimal coverage to expensive, all-inclusive policy. Deductibles, the amount that the individual pays off from his pocket before the start of insurance is generally large for these types of policies. There may also be limits for the amount that policy pays in the event of illness. These policies are only suitable for individuals with funds for processing routine diseases and hospitalization.

Short -term health insurance is similar to the term life insurance in that it can only be purchased for a certain period of time. Coverage provided by policy ranges from catastrophic to complex, the other is significantly more expensive. Short -term health insurance often comes with strict qualification procedures and does not have to cover existing health conditions. In special, pregnancy and childbirth are not usually covered with these policies.

The organization of preferred providers (PPO) is a health insurance plan where medical treatment is fully hypocritical if it is provided by a physician or hospital belonging to a network of PPO healthcare providers. Treatment performed outside the net is also covered, but with reduced speed. Policy holders are responsible for any differences if they are looking for network treatment. PPOs are basically a group discount form of health insurance; By maintaining administrative control of a group of doctors and hospitals, PPOs are able to provide medical care with a discount. PPOs generally require prior approval before the permission of the main medical services.

Health insurance from health maintenance organizations (HMOS) significantly limits who can see the patient for extraordinary medical services. The advantage is significantly lower premium. HMO brought considerable controversy because in many plans doctors receive financial incentives to reduce the amount of medical servicesto the patients. One way to do this was to pay doctors a fixed monthly fee for each patient, regardless of the treatment they need. HMO tends to cover more preventive procedures such as immunization, mammograms and physics.

full service health insurance is also widely available, at considerable costs. These policies cover all diseases, allow treatment virtually anywhere and come with deductions as high or low as politicians willing to pay. At the other end of the health insurance spectrum, Medicare/Medicaid is available in the form of public health insurance available for pensioners and low -income individuals.