Coming across an affordable health insurance plan you've always desired and dreamt of is like finding oasis in the desert, atleast in today's time when the cost of all major health insurance plans are increasing in geometric proportion to the cost of health care in the country. But watch it; it could be a 'mirage' also. As in it could just appear to be a feasible and monetarily affordable plan but in reality can prove to be more expensive than the cost of servicing your illness. Basically, you need to be very precautious while finding affordable health insurance plan or checking health insurance quotes because as you'll realize later, this diligence pays off or you end up paying for your indiligence.
Proper information is the key to any success, so here in this I am featuring a comparison of indemnity based and HMO-based plan health insurance plan which will help you decide which one is more suited to satisfy your needs given your income and circumstances, after all an affordable health insurance is a relative word, isn't it??
Lets give you information about the Indemnity based plan first, this is a kind of plan where you are paid the amount agreed upon or the amount of compensation mentioned in the contract after subtracting the amount called "deductible". The amount of compensation includes the expanses that are mentioned in the contract, these expenses are except the expenses incurred in the daily routine checkups and the medical tests. In the indemnity based plan you have an added advantage of selecting the medical centre and practitioner where you want to get treated of your choice. The insurance provider of the health insurance plan you have taken has no right object you in any way regarding the choice of the medical centre and the medical practitioner.
When it comes to the HMO based insurance plans, the rules are different. Here, in this plan you have an obligation on yourself to pick among the list of medical centers, practitioners and drugstores approved by the insurance provider. The benefit of the HMO plan is that you get subsidized daily checkups and treatments done along with the compensation of the treatment. It is only in this plan that you get subsidies on the medicines and treatments. And the subsidies we are talking about here are due to the small amount paid by you in the initial stages, which may be termed as 'co-insurance' or 'deductible'.
To get further information about these facilities and to get a health insurance plan for yourself you can now visit www.insurancecaredirect.com .
Proper information is the key to any success, so here in this I am featuring a comparison of indemnity based and HMO-based plan health insurance plan which will help you decide which one is more suited to satisfy your needs given your income and circumstances, after all an affordable health insurance is a relative word, isn't it??
Lets give you information about the Indemnity based plan first, this is a kind of plan where you are paid the amount agreed upon or the amount of compensation mentioned in the contract after subtracting the amount called "deductible". The amount of compensation includes the expanses that are mentioned in the contract, these expenses are except the expenses incurred in the daily routine checkups and the medical tests. In the indemnity based plan you have an added advantage of selecting the medical centre and practitioner where you want to get treated of your choice. The insurance provider of the health insurance plan you have taken has no right object you in any way regarding the choice of the medical centre and the medical practitioner.
When it comes to the HMO based insurance plans, the rules are different. Here, in this plan you have an obligation on yourself to pick among the list of medical centers, practitioners and drugstores approved by the insurance provider. The benefit of the HMO plan is that you get subsidized daily checkups and treatments done along with the compensation of the treatment. It is only in this plan that you get subsidies on the medicines and treatments. And the subsidies we are talking about here are due to the small amount paid by you in the initial stages, which may be termed as 'co-insurance' or 'deductible'.
To get further information about these facilities and to get a health insurance plan for yourself you can now visit www.insurancecaredirect.com .
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