Tag: coinsurance

Types of health insurance plans

There are many types of health insurance plans: Managed Care Plans: Health Maintenance Organizations (HMOs), Point of Service (POS) Plans, Preferred Provider Plans (PPOs) Fee-for-service plans Coverage for catastrophic illnesses Savings accounts for medical expenses Medical indemnity policies Cancer insurance and other supplemental insurance All of these plans require you …

Is it mandatory to enroll in Medicare?

Medicare is a public health insurance program designed for people 65 and older and people with disabilities that covers hospitalization and other media at reduced rates or for free. The hospitalization portion of Medicare, Part A, begins automatically at age 65. Other Medicare benefits require you to enroll. If you …