The Definition of Insurance

There are three main types of health insurance: indemnity plans, managed care and state-sponsored health insurance. Each type has its advantages and disadvantages depending on the type of health insurance you are looking for.

Indemnity plans, also known as fee for service plans require their policyholders to pay for their care, and how they are replaced by their caregivers or in part or in its entirety. A compensation plan does not limit a patient, choice of doctors or institutions. This is the best choice for those who are not very ill and needs a "fundamental and essential" health, or someone who travels a lot and can not always choose their doctors or institutions.

Managed care that offer comprehensive care in exchange for a recurring contribution. Health maintenance organizations (HMOs), point of service (POS) and preferred provider organizations (public) handled all types of plans for care. Typically, these plans have a special group of caregivers, and if they do not get treatment for these providers, which can not be met. Managed care is the best choice for those who want a health care we usually by employers.

The government-sponsored health insurance is generally available for pensioners, the elderly and people who do not necessarily provide for other health insurance plans. The most common forms of state-sponsored health insurance is Medicaid, Medicare, State Children's Health Insurance Program (Schip), military health, Indian health care and state-specific plans. If this sounds like the best option for you, check in each of them to see if you qualify.

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