Having the right health insurance benefit for your small business is extremely important. In order to help you find the benefit that fits your needs, we'll go over seven types of health insurance plans. Five of these are traditional group health insurance policies, but we'll also introduce you to alternatives if group health is outside your budget. Knowing these policy types will prepare you for evaluating options each year as part of your internal small business audit. 1. Preferred Provider Organization (PPO) A PPO plan is a Preferred Provider Organization group health insurance policy. With a PPO plan, employees are encouraged to use a network of preferred doctors and hospitals. These...
Continue reading...
What are the Differences Between Health Insurance, HMO and PhilHealth? So many people are getting confused over Health insurances, HMO and PhilHealth in our country. Many think that they are all the same. Under the same industry or provider. Let me tell you the differences that they have. Let us start with its basic meaning: Health Insurance – these are health care benefits that are provided by Life Insurance companies. They are usually attached from a traditional or investment type of insurance plan. HMO – stands for Health maintenance Organization. It is a prepaid health care system that provides or arranges managed care for self-funded health care benefit plans, individuals with...
Continue reading...
What Types of Health Coverage Are Available? Rising health-care costs have driven the demand for, and the price of, medical insurance sky-high. The availability of group coverage through employment has helped many Americans face such costs. However, people who are not currently covered by their employers have few affordable sources for group coverage currently. As a result of the Patient Protection and Affordable Care Act, state and/or regional insurance marketplaces offer coverage to individuals and some small businesses. Individuals seeking medical coverage on their own can explore purchasing an individual health insurance policy. In addition those age 65 and older may qualify for...
Continue reading...
Health Insurance Navigate the confusing world of health insurance with help from an independent agent. Serving Stockton and all of California. A healthy body is a happy body, and there’s no better way to preserve you and your family’s health than with a health insurance policy from Raj Insurance Services. Let’s face it, medical treatments aren’t cheap. Without health insurance coverage you could end up paying off medical bills for the rest of your life. Raj Insurance Services can help you find an affordable healthcare plan that’s right for you. Call 209-472-2060 and talk with one of our friendly agents today to learn more. Major Types of Health Coverage There...
Continue reading...
One thing is true across the board about health insurance in the United States—it’s a complicated system to navigate, to say the least. Between benefits tied to various jobs, employees coming and going, and endless policy changes, it can be a lot to keep up with. However, there are a few things that won’t be changing anytime soon: the use of HMO, PPO, and POS plans. In short, they’re different types of health plans, but there’s so much more to them (and their differences) than that. A beginner’s guide to HMO vs PPO vs POS plans is below. What is an HMO? HMO is short for “health maintenance organization.” The defining characteristic of this type of health plan is that you have to select a...
Continue reading...
Origin A long-lived but inaccurate meme on social media ties an act signed into law in 1973 by President Richard Nixon to the development of for-profit HMO and health insurance agencies: Did you know that before 1973 it was illegal in the US to profit off health care? The Health Maintenance Organization Act of 1973 passed by Nixon changed everything. In 1973, Nixon did a personal favor for his friend and campaign financier, Edgar Kaiser, then president and chairman of Kaiser-Permanente. Nixon signed into law, the Health Maintenance Organization Act of 1973, in which medical insurance agencies, hospitals, clinics and even doctors, could begin functioning as for-profit business entities...
Continue reading...
HMO, POS, PPO, EPO and HDHP with HSA: What’s the difference? Health insurance companies use a lot of acronyms (HMO, PPO) and specialized terms like “deductible” and “copay.” You may be wondering if you’re the only one who’s confused: “Was I out sick the day that everyone else learned what this stuff means?” This study guide will teach you all you need to know to choose a health insurance plan. We’ll describe the different types of plans, and explain how your health history and budget might affect your insurance needs. Soon, you’ll understand all your options and feel more confident about making the right decision. Are you a visual learner? This video covers the article’s highlights ― in...
Continue reading...
Health Insurance Navigate the confusing world of health insurance with help from an independent agent. Serving Superior and all of Wisconsin. A healthy body is a happy body, and there’s no better way to preserve you and your family’s health than with a health insurance policy from De Smet Agency Inc. Let’s face it, medical treatments aren’t cheap. Without health insurance coverage you could end up paying off medical bills for the rest of your life. De Smet Agency Inc can help you find an affordable healthcare plan that’s right for you. Call 715-398-3877 and talk with one of our friendly agents today to learn more. Major Types of Health Coverage There are...
Continue reading...
What role do they play?: A PPO (Preferred Provider Organization) is all about reducing the cost of claims processing and therefore reducing the premium you have to pay to have health insurance. The PPO was devised to eliminate the inconvenience and inefficiency of insured patients having to file health insurance claims. A PPO could also be called a 'claims network'. A PPO is NOT about having copayments for doctor visits and prescriptions. It is NOT about going to specific doctors or hospitals. It is NOT about medical providers providing services at a discounted rate. All these things may happen in PPO plans, but that is NOT why PPO claims networks exist. Without the invention of the PPO,...
Continue reading...
Health Insurance Navigate the confusing world of health insurance with help from an independent agent. Serving Dublin and all of Ohio. A healthy body is a happy body, and there’s no better way to preserve you and your family’s health than with a health insurance policy from Griffin-Lantz Insurance Agency. Let’s face it, medical treatments aren’t cheap. Without health insurance coverage you could end up paying off medical bills for the rest of your life. Griffin-Lantz Insurance Agency can help you find an affordable healthcare plan that’s right for you. Call 614-799-1217 and talk with one of our friendly agents today to learn more. Major Types of Health Coverage...
Continue reading...
