The answer would be partially yes, because the cover will
differ from policy to policy. There may be different types of emergencies that
occur such as an unexpected health problem, pre-existing disease treatment,
sudden illness etc. Depending upon your requirement you can choose your health
insurance. There is a range of health insurance plans available, some of them
include:
• Traditional insurance plan:
As the name specifies it is the initial one that was introduced at the time of medical insurance policy was introduced. Gradually as time has passed it gained the name ‘fee for service’. In this plan you need to pay a certain amount of your medical bills upfront that can be refunded and the insurance company will be paying the majority of the expenses. This regaining of the amount may need a pile of paper work to be done that requires you to fill in some forms for claiming your policy.
As the name specifies it is the initial one that was introduced at the time of medical insurance policy was introduced. Gradually as time has passed it gained the name ‘fee for service’. In this plan you need to pay a certain amount of your medical bills upfront that can be refunded and the insurance company will be paying the majority of the expenses. This regaining of the amount may need a pile of paper work to be done that requires you to fill in some forms for claiming your policy.
• Preferred Provider Organizations (PPO):
This is a policy that arranges for lower fees on the expenses that occur within the network and up to 80% reimbursement for the out of network doctor expenses. For example, if you have visited the doctor that is on the policy list then you can get almost the complete coverage of your bills whereas if you visit a doctor that is not present in the list of the insurer known as ‘out of network’ requires you to pay the entire bill and produce it to your insurer to attain at least 80 per cent of the expenses.
This is a policy that arranges for lower fees on the expenses that occur within the network and up to 80% reimbursement for the out of network doctor expenses. For example, if you have visited the doctor that is on the policy list then you can get almost the complete coverage of your bills whereas if you visit a doctor that is not present in the list of the insurer known as ‘out of network’ requires you to pay the entire bill and produce it to your insurer to attain at least 80 per cent of the expenses.
• Health Maintenance Organization (HMO):
It is one of the least expensive plans that offer the least flexibility, which is mostly acquired by groups rather than individuals. In this plan you need to pay a monthly premium to the organization that offers you to consult only the ‘in network’ physicians who are responsible for checking your health condition and refer you to some specialists approving further medication. This has a limited choice of doctors and health institutions. The co-payment may or may not be required depending upon the health emergency.
It is one of the least expensive plans that offer the least flexibility, which is mostly acquired by groups rather than individuals. In this plan you need to pay a monthly premium to the organization that offers you to consult only the ‘in network’ physicians who are responsible for checking your health condition and refer you to some specialists approving further medication. This has a limited choice of doctors and health institutions. The co-payment may or may not be required depending upon the health emergency.
• Point of Service plan (POS):
The POS plan is similar to PPO where you have an in-network primary care physician who detects your health condition and is responsible for referring you to a specialist. This reference can also be done by yourself but the bill payment will be completely out of your own pocket, however if it by the physician then the insurer is responsible for paying the complete amount. This plan may also offer more preventive care services and health improvement programs.
The POS plan is similar to PPO where you have an in-network primary care physician who detects your health condition and is responsible for referring you to a specialist. This reference can also be done by yourself but the bill payment will be completely out of your own pocket, however if it by the physician then the insurer is responsible for paying the complete amount. This plan may also offer more preventive care services and health improvement programs.
There are many types of health emergencies of which some of
them are covered by your medical insurance and a few are not covered, such
emergencies can be met through payday
loans that offer instant cash assistance for handling these tough
situations.
Author Bio: The
guest post was contributed by Alicia, financial guest blogger from Manchester, UK. Find out more about her
and her finance related blogs at @financeport
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