Health Insurance – Types of Health Insurance

Health is wealth. Is it true? Yes, Of course, everyone wants to be healthy, and that’s why we say that health is the greatest wealth in the world.

To understand the field of health insurance, it is useful to start with the most basic things. Health insurance is basically a promise of an insurance company to provide you health care services (medical, visit to the doctor or emergency room, hospitalization and other medicine expenses) in exchange for commissions.

Types of health insurance

1. Point-of-Service Plans (POS)

2. Fee-for-Service Plans

3. Preferred Provider Organizations (PPOs)

4. Health Maintenance Organizations (HMOs)

These four types of health insurance may have four different names, but they provide medical care to people. Most affordable plan is “FREE-SERVICE PLAN”. It has got some limitations. the organization has obtained the preferred supplier of several options, but this is the most expensive. It’s up to you to decide what type of insurance is the best and which one you would like to purchase.

Short Term Health Insurance

Short-term health insurance is often a cheaper alternative to COBRA.

To cover unexpected illnesses and accidents. Pre-existing illnesses and routine medical procedures are not covered. You can get the coverage the next day, when answering a few simple questions about your health. Short term health insurance is an affordable option for temporary health insurance needs and is also a viable alternative to COBRA.

Long Term Health Care Insurance

The need for long-term care (LTC) was raised by many things: a slip and fall, post-operative recovery time, or a general reduction in its ability to take care of themselves, either because age or illness. The reason that requires long-term care can result in many types of care. Generally,

the types of due diligence long term divided into two categories:

Skilled Care

Basically, the goal of quality care is taken to help you better. Skilled care has nothing to do with how you’re ill. It has to do with the technical skills that nurses and doctors should help you better. Medicare defines it as “rehabilitation services that require technical skills or professional personnel such as registered nurses, licensed practical nurses and physical therapists and professional.” Skilled Care is usually received in hospitals or skilled nursing homes, but can also be received in your home.

Non-skilled Care

Non-skilled care or custodial care is provided for those who need help on a regular basis. This type of therapy does not require professional training and can give a qualified family member. People who need Non-skilled care can be physical or mental limitations resulting from chronic or cognitive problems.