With health insurance, you protect yourself and your family in case you need medical care
that could be very expensive.
You cannot predict what your medical bills will be. In a good year, your costs
may be low. But if you become ill, your bills could be very high. If you have
health insurance, many of your costs are covered by a third-party payer, not by
you. A third-party payer can be an insurance company or, in some cases, it can
be your employer.Many people in the
United States are enrolled in some sort of managed care health insurance plan.
This is an organized way of both providing services and paying for them.
Different types of managed care plans work differently and include preferred
provider organizations (PPOs), health maintenance organizations (HMOs),
point-of-service (POS) plans and fee-for-service plans.
Individuals enrolled in health care plans pay a monthly or quarterly fee as
insurance for the time when they will need medical attention. At the time when a
service is provided, the health insurance organization pays part or all of the
fee, minimizing the amount you have to pay at the time you receive the service.
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