In today’s society it is common practice to have some form of health care coverage for medical costs and emergencies. Health insurance is the contact between the patient and the insurance company. This contract contains a plan in which certain benefits are given, and a certain percentage of medical expenses is paid for by the company. The Affordable Care Act has given people who might not have been able to obtain a solid health care plan an opportunity to find an affordable health care plan that works for them. Different health plans have certain standards regarding referrals, premiums, deductibles, and networking. There are a variety of health care plans and insurance so that everyone can find the best plan for them.
The first question most …show more content…
This option is mainly for people who don’t have insurance, aren’t including in their spouses insurance, have a pre-existing condition, don’t have Medicare, or aren’t insured by their employer. The marketplace offers four types of coverage called metal levels - bronze, silver, gold, and platinum. Each covers the same expenses and benefits but the only difference is the amount the patient pay for the medical costs. The higher the plan, the more the insurance pays for the bill. Within each metal levels are different types of plans. An HMO (health maintenance organization) restricts a person to only using doctors within the plan’s network and the patient pays full cost if the person goes outside of the network. PPOs and POSs allow patients to go outside of the network for an additional cost. EPOs limit a person to a specific network but does not require referrals to specialists like …show more content…
There are two main ways to be added to your parent’s plan. The first way is if the parents have a job-based plan. In this plan there is an open period of enrollment where they can add the young adult. The second way is through the marketplace where the parent may include you in the application for a health insurance plan. However, if the person is not able to get on the parent’s plan, then he or she might be able to purchase a plan through the marketplace. The Catastrophic plan helps a person in the worst case scenarios and costs a low premium but a high deductible. Schools also provide health coverage for its students as well. Overall, young adults under 26 will typically fall under the coverage of their parent’s health plan.
Health insurance is not just a one way street with only one path to choose. Health care plan come in all shapes and sizes for virtually anyone’s needs. It is important the people get covered in order to receive benefits and to be able to pat for unexpected medical expenses at a much lower rate. Because health insurance is expected in today’s society, people are now able to afford a beneficial plan for themselves and receive coverage. There is a health plan for everybody, and it is important to have a plan and to be prepared in case a medical emergency causes more injury to a person’s wallet than his or her own
The first question most …show more content…
This option is mainly for people who don’t have insurance, aren’t including in their spouses insurance, have a pre-existing condition, don’t have Medicare, or aren’t insured by their employer. The marketplace offers four types of coverage called metal levels - bronze, silver, gold, and platinum. Each covers the same expenses and benefits but the only difference is the amount the patient pay for the medical costs. The higher the plan, the more the insurance pays for the bill. Within each metal levels are different types of plans. An HMO (health maintenance organization) restricts a person to only using doctors within the plan’s network and the patient pays full cost if the person goes outside of the network. PPOs and POSs allow patients to go outside of the network for an additional cost. EPOs limit a person to a specific network but does not require referrals to specialists like …show more content…
There are two main ways to be added to your parent’s plan. The first way is if the parents have a job-based plan. In this plan there is an open period of enrollment where they can add the young adult. The second way is through the marketplace where the parent may include you in the application for a health insurance plan. However, if the person is not able to get on the parent’s plan, then he or she might be able to purchase a plan through the marketplace. The Catastrophic plan helps a person in the worst case scenarios and costs a low premium but a high deductible. Schools also provide health coverage for its students as well. Overall, young adults under 26 will typically fall under the coverage of their parent’s health plan.
Health insurance is not just a one way street with only one path to choose. Health care plan come in all shapes and sizes for virtually anyone’s needs. It is important the people get covered in order to receive benefits and to be able to pat for unexpected medical expenses at a much lower rate. Because health insurance is expected in today’s society, people are now able to afford a beneficial plan for themselves and receive coverage. There is a health plan for everybody, and it is important to have a plan and to be prepared in case a medical emergency causes more injury to a person’s wallet than his or her own