Protect and Secure the Health of Your Family

August 16, 2012

Medical Insurance

Protect and Secure the Health of Your Family

Protect and Secure the Health of Your Family

A health insurance plan that covers an individual, as well as any dependents, is one of the several options that insurance companies provide. Instead of taking an individual insurance policy for each member of the family, it is more beneficial to take a family health insurance plan that will cover a spouse and children.

Although premiums for a family insurance plan are generally higher, the overall expense on insurance is still lower than individual coverage. Normally a family plan has a higher deductible, but not all family health insurance plans call for a deductible.

Each company will have slightly different rules, but most insurance companies charge the same whether there are one or more children. Even if an insurance company has a charge for an increase in the number of predetermined children, it would still cost less to add the child to the existing plan than to take out an individual policy for the child.

There are several different kinds of family health insurance plans, some to consider are:

Preferred Provider Organization

As a holder of Preferred Provider Organization (PPO) insurance, patients will be encouraged to use doctors and hospitals that belong to the insurance company’s network. These doctors are contracted to work for members of the insurance company for a lower rate. Patients have the option of choosing a doctor from the list provided, and referrals are not required to see a doctor that belongs to the PPO network. There is also an option of seeing a doctor outside the network, but this has a lower percentage of coverage.

Health Maintenance Organization

The Health Maintenance Organization (HMO) plan is based on the primary care physician (PCP). The patient chooses a doctor, and he or she becomes the patient’s primary care physician, and takes care of all the patient’s health care needs.

A referral from the PCP is needed to see a specialist. An HMO will generally give a broader range of coverage and services, such as preventative care. There is usually no deductible, and if there is a deducible, it is a comparatively low one. Keep in mind however, that there will be no coverage for any cost without a referral from the PCP for a consultation with any other doctor.

Point of Service

The Point of Service (POS) plan has aspects of both the PPO and the HMO. As in an HMO, a primary care physician needs to be designated from the list of doctors that are a part of the network plan. As with HMOs, plans offered by the POS provide coverage for preventative care.

In a POS plan, there is an option of seeing a doctor that is not part of the network. The cost has to be covered by the patient first, and then a claim can be submitted to the insurance company. Keep in mind there is a higher level of coverage when a person consults or has a referral from their PCP.

A family health insurance plan is crucial in helping to reduce the financial burden of medical costs for the family. Family insurance coverage usually provides for prenatal care, and it is essential for regular check-ups and preventative care for children.

Author’s bio: Thomas Bell a well known author writes articles related to insurance policies. In this article Thomas has written for the website 2healthinsurance.net on family health insurance.

Protect and Secure the Health of Your Family

 


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