Health Insurance Guide - Nib Health Insurance Australia Section

Nib Health Insurance Australia Navigation



Health Insurance San Ca
Health Insurance Companies Texas
Health Insurance Medical
Affordable Health Insurance Florida
Group Health Insurance Companies
Health Insurance Estimates
Health Insurance Online Quotes
Group Health Insurance Florida
Health Insurance Short Term
Maryland Health Insurance Companies
Health Insurance Overseas
Health Insurance Medical
Health Insurance Alternatives
Ratings Of Health Insurance Companies
Midwestern Health Insurance
Health Insurance Companies In California
Alternative Health Insurance
Guaranteed Issue Health Insurance
Private Health Insurance Administration Council
Individual Health Insurance Quotes
New Jersey Health Insurance Companies
Nanny Health Insurance
Clarendon Health Insurance
Arizona Health Insurance Quotes
Health Insurance Companies New York


Best Sellers

Annuities: The Shocking Secrets Revealed.
Discover the Shocking Secrets that Banks and Insurance Companies Don't Want You to Know.

Affirmations Software - Sculptor3.
Affirmation goal setting motivational software, for improved mental/physical health, personal growth.

The Power Of Positive Habits E-Book.
Learn how to Re-Program your Mind & Body and reach your goals Automatically!

Self Improvement: The Top 101 Experts.
This eBook is best described as an Encyclopedia of Self Improvement with information on 101 of the top Experts in the industry.

Find Spiritual Balance With Deepak Chopra & Authentic Ayurvedic Products At Chopra.com


Best Nib Health Insurance Australia Products

Instant Health Insurance Quotes

***** Free Glucose Monitor - Click Here! *****

DiabetesStore.Com America's Diabetes Super Store

Simple. Affordable. Accurate. Shop the OMRON® Webstore!

Blood Pressure Monitors from Omron Webstore!



Main Nib Health Insurance Australia sponsors

Nib Health Insurance Australia

 

Latest Nib Health Insurance Australia Amazon Book Added




Privacy
Amazon Affiliate
Partners

 

Welcome to Health Insurance Guide

Nib Health Insurance Australia Article

Health Insurance Plans: Individual vs. Family
Ron King

For most of us, a primary consideration when choosing a health care plan is the cost. Coverage is important, but with the rapidly increasing cost of healthcare, finding the right health insurance plan for your budget is job 1. Knowing what you need in a health insurance plan, and just who and what needs to be covered by it, will help you to decide what type of policy you need.

Health Care Plans For The Individual

An individual health insurance plan covers only you. No surprise there. If you have no dependents, this will be the best choice from a cost standpoint. Individual plans still vary a great deal in price, depending on the type of coverage you choose.

The Indemnity Plan.
A traditional health insurance plan that covers visits to any doctor you wish to see, and will cover any procedure the doctor prescribes for you. You'll notice variations between plans as to the size of the deductible and the limit on out-of-pocket expenses. Overall, this is the more expensive type of individual health insurance plan, but it offers the most freedom of choice.

The Managed Plan.
Individual managed plans, like HMO's, are more cost-effective, but you give up some of the freedom of the indemnity plan. You will be able to see only the doctors on your approved list, and any specialists you see must be by referral. If your health care amounts primarily to yearly check-ups and the occasional prescription for antibiotics, this is a plan that could work for you. It will cover health emergencies, there are just more hoops you have to jump through.

Both of these health insurance plans sometimes include prescription and dental coverage at an additional cost.

Family Health Insurance Plans

Since family health insurance plans cover more than 1 person, the cost will naturally be higher. The bigger the family, the bigger the price tag. Also, the age, gender, and health choices (like smoking) of each family member will play a big part in how much this type of policy will cost. There are indemnity plans for families and they offer the same freedoms as the individual plans. This can be a real bonus when dealing with multiple people on 1 policy.

Family health insurance plans also come in the managed health care package and work pretty much the same way as the individual ones. The cost will be higher than the individual managed plan, but not as high as the family indemnity plan.

Group Insurance Plans

Many companies now offer their employees group insurance coverage, footing the bill for most or some of the premium. Since many of these companies offer both types of health insurance coverage, how much you end up paying out-of-pocket will depend on which type of policy you choose.


About the Author

Ron King is a full-time researcher, writer, and web developer. Visit http://www.healthinsuring.com to learn more about this subject.

Copyright 2005 Ron King. This article may be reprinted only if the resource box is left intact.




Nib Health Insurance Australia News

No item elements found in rss feed.