· Types of Health Insurance
There are basically four different types of health insurance programs. A conventional plan was where the employers fully covered all the medical expenses of their employees but this became very expensive for the corporations, so less drastic and cost-effective alternatives were developed. The details of them are as follows:
1. Health Maintenance Organization
This was the immediate alternative of the conventional plan. Here the organization pays a fixed annual fee to a group of healthcare services which in turn cover the health care services for the tenure free of cost. They usually cover both, prevention and treatment of the individuals.
2. Preferred Provider Organization
These are the most popular form of health care services provided by the organizations. Because it relieves the employees from the approvals, permissions, and recommendations of the senior authority in the organization before visiting a doctor.
Check 3rd Type of Health Insurance Plan on Next Page..>>