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7 Types of Health Insurance Plans

Health insurance plans reimburse insured customers for their medical expenses, including treatments, surgeries, hospitalization and the like which arise from injuries/illnesses, or directly pay out a certain predetermined sum to the customer. A health insurance policy offers coverage for any future medical expenses of the customer. Health insurance policy is one of the cost effective means of a copious healthcare security for every individual and his/her family. Today, there are various types of health insurance plans and benefits available in the market. There are a number of options for small businesses looking to offer health benefits, both inside and outside of the traditional group health insurance sphere. To know more details please visit here https://www.capbluecross.com/wps/portal/cap/employer/shop-group-plans

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7 Types of Health Insurance Plans

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  1. 7 Types of Health Insurance Plans 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. Preferred Provider Organization (PPO) Health Maintenance Organization (HMO) Health Insurance Plans Point of Service (POS) Health Insurance Plans Exclusive Provider Organization (EPOs) Health Insurance Plans Indemnity Health Insurance Plans Health Savings Account (HSA) Health Insurance Plans Health Reimbursement Arrangements (HRAs) There are a number of options for small businesses looking to offer health benefits, both inside and outside of the traditional group health insurance sphere. Source: peoplekeep.com www.capbluecross.com

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