Health Insurance

Understanding health insurances can be a bit confusing. Even to me I find it confusing at times. There are just so many different terms that get thrown around.

Firstly, there is generally two types of insurance types: HMO (health maintenance organization) and PPO (preferred provider organization).

Other basic terminology include co-payments which is how much you must pay for a visit.

Deductible is the amount needed (threshold) until your insurance starts kicking in to cover a larger expenses in a given each year. For example if your deductible is $6,000, that means anything below that you must pay out of pocket. Once it goes over $6,000 then the insurance will pay a percentage for it.

Preventative care are visits to, well as the name suggests prevent any disease, typically things like physicals. These are always covered by your insurance since it’s in their best interest to discover any disease or illness early rather than later as it can save them money in the long run.

Here is a complete list of useful health insurance terms, which is really helpful.

This note is generalize and may not apply to everyone, it’s best to contact your insurance to ask questions that are more suitable for you.