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Health Insurance and Its Important Types

Health insurance is a type of insurance coverage that covers the cost of an insured individual's medical and surgical expenses. A health insurance policy is a legal contract between an insurance company and the owner of the policy. Capital BlueCross provides the best individual and family chip health insurance PA plans. To know more, please visit here:https://www.capbluecross.com/CHIP

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Health Insurance and Its Important Types

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  1. Health Insurance and Its Important Types Health insurance is a type of insurance coverage that covers the cost of an insured individual's medical and surgical expenses. There are two main types of health insurance:- 1.Public or government health insurance:- In this type of insurance, the state subsidizes healthcare in exchange for a premium. 2. Private health insurance:- The Centers for Disease Control and Prevention (CDC) say that the U.S. healthcare system relies heavily on private health insurance. 3. Managed care plans:- In this type of plan, the insurer will have contracts with a network of healthcare providers to give lower-cost medical care to their policyholders. 4. Indemnity, or fee-for-service plans:- A fee-for-service plan covers treatment equally among all healthcare providers, allowing the insured to choose their preferred place of treatment. 5. Health maintenance organizations (HMOs):- These are organizations that provide medical care directly to the insured. The policy will usually have a dedicated primary care physician that will coordinate all necessary care. 6. Preferred provider organizations (PPOs):- A PPO is similar to an indemnity plan, in that they allow the insured to visit any doctor they prefer. 7. Point-of-service (POS) plans:- A POS plan functions as a mix of an HMO and PPO. The insured can choose between coordinating all treatment through a primary care physician, receiving treatment within the insurer's provider network, or using non-network providers. Source:- www.medicalnewstoday.com w w w . c a p b l u e c r o s s . c o m

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