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Chapter 12b - insurance plans Tradeoff between flexibility...

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Private Health Insurance Preferred provider organization (PPO): a health insurance plan that allows individuals to select a health care provider and covers most of the fees for services Discount on charge arrangement: an arrangement in which the preferred provider organization agrees to pay a specific percentage of the health care provider’s charges Per diem rate arrangement: an arrangement in which the preferred provider organization pays the provider a specific sum per day a patient is hospitalized Private Health Insurance Premiums for private health care insurance Employers may offer individual or family coverage You can obtain insurance quotes online Comparison of private health
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Unformatted text preview: insurance plans Tradeoff between flexibility and premium • Individual insurance For self-employed people or those whose employers do not provide health insurance Make sure to get a policy that provides broad coverage of major medical expenses Short-term medical insurance is available for those who are not in a group plan but hope to be in the future • Financial Planning Online: Should You Enroll in an HMO or a PPO? • Go to: http://www.individual-health-plans.com • Click on: “PPO Plans” and HMO Plans” under “Types of Health Plans” • This Web site provides information on different types of plans including PPOs and HMOs...
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