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What kinds of health insurance are there?
There are
essentially two kinds of heath insurance: Fee-for-Service and Managed
Care. Although these plans differ, they both cover an array of medical,
surgical and hospital expenses. Most cover prescription drugs and some
also offer dental coverage.
- Fee-for-Service
These plans generally assume that the medical professional will be paid
a fee for each service provided to the patient. Patients are seen by a
doctor of their choice and the claim is filed by either the medical
provider or the patient.
- Managed Care
More than half of all Americans have some kind of managed-care plan.
Various plans work differently and can include: health maintenance
organizations (HM0s), preferred provider organizations (PPOs) and
point-of-service (POS) plans. These plans provide comprehensive health
services to their members and offer financial incentives to patients
who use the providers in the plan.
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