Benefits Of Health Insurance

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Health Care in the USA is expensive and only the richest of us can afford to pay the full cost. Having health insurance affords you to the opportunity to get care at any hospital or clinics in the USA for a fraction of the full cost. Health Insurance is designed to help you and your family pay for medical care which includes doctor visits and sometimes your prescriptions. It’s similar to car insurance, where you are responsible for paying a monthly premium weather you use the services provided or not. In return the insurance will pay for a portion of your medical cost should you or a family member use the service. As a participant in health insurance you are required to renew your plan yearly, as plan features and cost sharing portions are …show more content…

Preferred Provider Organizations plans allows you the insure to use providers out of network at your discretion and you’re not required to have a referral from a primary care physician, as HMO does. However, using an out of network means you may pay a greater share of the costs. Point-of-Service plans combine features of HMOs and PPOs to offer more choices for providers. This way if you have a doctor you prefer, but was not a member of the HMO rather her/she are members of PPO now you’re able to continue care with that provider at the in-network cost. Basically it’s similar to HMO where you will have to designate a PCP, and like a PPO you have free range of providers to select from both in and out of network. High Deductible Health Plans (HDH) offers low premiums, but has high deductible and it also comes with money saving account options such as Health Savings Account (HAS). HSA allows you to save money while it grows tax-free, you can contribute to and withdraw from to pay for out-of-pocket medical care expenses such as co-pays or

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