If you are looking for health insurance through your employer or on your own you will be offered various plans. It is important that you know the basic characteristics of the most popular types of health insurance before making proper decision about which plan is right for you. After you do that you should get quotes of different health insurance and compare them. By this you can compare plan and price.

Fee For Service

Fee for service plan was most popular and extensively used type of health insurance for many years. The insured has to pay a monthly fee, and a deductible is applied to the cost of the services. Service related to health or emergency was exempted from the deductible. Insurance company share the cost of services once the deductible of insured was met. For most companies the split may be 80/20 or 70/30. There will be a cap on the total amount of money the insurance company will pay in a lifetime.

Health Maintenance Organization (HMO)

Since last decades HMOs have become more popular. Again here insured has to pay a premium that makes him/her a member of the HMO. After becoming a member, he can visit any doctors who are part of the group. Doctors under contract with HMO they may work together in an HMO facility or may have their own clinics. Members needs to pay, which is called co-pay when they visit the doctor. There is no paperwork needed to validate the claims of an HMO member. However, they may have to wait longer for non-emergency appointments.

Preferred Provide Organizations (PPO)

PPO s the merge of above both models and is a fast growing sector of health insurance. Insured is allowed to choose his/her physician from the networks of doctors. This physician is responsible for designating the need for specialized care. Co-payment is required when an office or hospital visit is made. Insured can also choose the doctor who is outside the network.

Do collect as many quotes as possible for comparing services and rates. This is a free way to learn about every option.

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