Health Insurance


Health Insurance

Because of the extremely high costs of medical care, health insurance is an absolute must. Most people who have medical insurance acquire it through their employers. There are 3 varieties of medical insurance:

  • Indemnity plans. You either pay a deductible after which the insurance company will pick up the tab, or you agree to pay a portion (e.g., 10%) of all medical bills up to a certain amount. These plans offer the most choices and can be purchased individually or by a company as a group benefit.
  • Health Maintenance Organizations (HMOs). These are networks of medical personnel and facilities that provide medical care on a prepaid basis. The 2 most common types are:
    • Group practice model: Hires or contracts with physicians to provide medical services in a central facility.
    • Individual practice association: Contracts with individual physicians to provide medical services in their own offices.
  • Preferred Provider Organizations (PPOs). Contracts a network of doctors, hospitals, and other healthcare providers who agree to treat members at special negotiated rates.

Health Insurance Tools

Body Mass Index Calculator – Are you fit or fat? Your height-to-weight ratio can provide clues about your overall health.

Health Plan Analyzer – Compare two health plans at a time to help find the plan that best suits your needs.

Healtheon / WebMD Advanced Medical Databases – This directory of advanced medical databases can help you search for answers to your health questions.