What are the Merits and Demerits of Health Plans?

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How does one protect and secures his / her life? You can protect your life and your family life's by health insurance plans. You would find many people in California who are without health insurance. Now this has become one of the most necessities things in a person life. There are many insurances and each insurance covers varies from other.

Some of the major health insurance in California are Kaiser Insurance, Anthem Blue Cross Insurance, Blue Shield Insurance, Aetna Insurance, Health Net Insurance and Pacificare Insurance. The insurance which are mentioned above have different plans such as Medical plan, Individual plan, Group plan, HSA plan, Indemnity plan, HMO plan and PPO plan.

Almost all the things in this world have both merits and demerits and you will also find merits and demerits in insurance plans. Each plan varies from other plans and each plan has it own advantage. Health insurance is mainly for protecting you and your family life. These also help you in paying for any major surgery bill. You can now apply for any kind of insurance on online. Almost all the insurance have minimum premium which is paid once in year. There are insurance where you have expenses apart from premium. Lets us have a look at the merits and demerits of each plans.

Group Plan:

The benefit of group plan is they are less expensive and covers the insurance for whole family. The insurance company ties up with some of the hospitals and doctors for their health plan. If you go to these hospitals and doctors then will immediately start the medical treatment.

Individual plan:

As the name indicates this plan is especially for individual where all the medical expenses are paid by the insurance company. The medical expenses includes dental, therapies like physiotherapy, radiotherapy etc. medication and hospitalization.

HMO Plan:

This health maintenance organization plan covers almost all the expenses and offers all the health care facilities. The demerit of this plan is they refuse to treat certain medical treatment.

PPO Plan:

The Preferred Provider Organization provides a contract of health care facilities to the insurer at low cost. These have a bigger network of choosing doctors and hospitals of your choice. But the disadvantage of this plan is these are more costly than the traditional HMO plan.

HSA Plan:

These Health Saving Account plan is tax incentive where the taxes are free. The money in your account can accumulate interest and these are paid for your medical and health expenses. You will be provided with a debit card which is used for paying any health expenses.

Indemnity Plan:

Here you need to pay all the medical expenses from your pocket and then you can ask the reimbursement from the insurance company. The advantage of this plan is you can choose any doctor or hospital of your choice. The disadvantage is you need to fill many forms at doctor's place and also at insurance company.

Sharma is a SEO copywriter for Blue cross CA, Blue cross california. He has written many articles in various topics like Anthem blue cross california.To Visit Our Website Blue shield california.

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