If you're on a fixed income and are interested in signing up for
medical insurance, simply continue reading to learn about the different types
of medical insurance which are available. As a bonus, you'll also discover
which type of medical insurance is best suited to your needs.
The number 1 type of medical insurance for individuals on a
fixed income:
A PPO (Preferred Provider Organization) insurance plan, is
ideally suited to individuals on a fixed income. If you sign up to a PPO
medical plan, you'll pay lower fees, if you choose to use medical providers who
have been approved by your insurance company.
As an example, if you need to undergo a dental procedure and opt
to visit a dental clinic which is listed as an approved medical provider, the
fee which you'll be charged will be minimal. If you're on a fixed income and
don't have a lot of extra cash to spend on unexpected medical bills, it's well
worth signing up to a PPO insurance plan.
If you're concerned that you'll be limited when it comes to
health providers, there's so need to worry as whilst you receive impressive
discounts, should you choose to visit a listed healthcare provider, you won't
require a referral to use doctors, hospitals and clinics which are not listed
as a partner.
Alternative types of medical insurance, to consider:
1. POS (Point of Service) medical insurance
Whilst a POS medical plan may be cheaper than a PPO medical
plan, if you choose to visit a medical provider that isn't listed as an
approved medical provider, you'll have to receive a referral from your primary
doctor. In the event, that you need to see a specialist as a clinic, that isn't
listed under your insurance plan, you'll be required to pay the full fee on your
own.
However, no matter which type of medical insurance plan you sign
up for, if you're injured because of an accident, it's also well worth
contacting a personal
injury case lawyer. As you may well
be able to claim compensation, for the injury which you've sustained.
2. HMO (Health Maintenance Organization) medical insurance
If you sign up for medical insurance with a HMO, you'll only be
covered for care from a short list of approved doctors, who work for the HMO, that
you've chosen. Worse yet, in most cases you'll only be covered for care by
local hospitals, doctors and clinics. So, you're out of luckif you need to see
a specialistthat is located out of state.
3. EPO (Emergency Provider Organization)
If you opt for an EPO medical plan, you'll be limited to seeing
medical practitioners who are listed in your medical plan. However, in the
event of an emergency, you will be able to visit your nearest hospital, without
incurring extra fees.
So, if you're on a fixed income and want to increase your
chances of being covered by a health care plan, you're best off signing up to a
Preferred Provider Insurance plan. As whilst POS, HMO and EPO health plans
often boast cheaper premiums, there is a higher risk that you'll have to pay
exorbitant fees, should you wish to visit a specialist who isn't listed as one
of your approved primary health care providers.
