Health Insurance
Health Insurance
Health insurance is a type of coverage that pays for medical and surgical expenses incurred by the insured. It can also provide coverage for other types of health-related expenses, depending on the specific policy.
Types of Health Insurance:
Health Maintenance Organization (HMO):
- Requires members to choose a primary care physician (PCP).
- Referrals from the PCP are typically needed to see specialists.
- Emphasizes preventive care.
Preferred Provider Organization (PPO):
- Offers more flexibility in choosing healthcare providers.
- Members can see specialists without a referral.
- Both in-network and out-of-network coverage, but out-of-network costs are higher.