Understanding Health Insurance – Part II

October 5, 2008

I talked about in the earlier post that health insurance is a necessary part of any personal financial plan, as health care costs can be extremely high, and you never know when you might need these services. Typically health insurance falls into two main categories, indemnity (or reimbursement) plans and managed care plans.

Depending on your policy an indemnity plan will cover medical expenses in part or full, for a specified amount per day, over an agreed period of time and give you the option of choosing your own doctors. Managed care plans provide you with a much broader coverage in terms of what is covered and for how long, but the downside of this type of plan is that you will not be consulted regarding the doctors or hospitals involved in your healthcare.

A good health insurance policy should cover the basic following issues:

• Hospitalization costs include room, board and any additional services
• Full surgical costs including surgeon’s fees and any additional costs related to surgery.
• Doctor’s costs, including hospital visits or visits to the doctor’s surgery.
• Medications – your plan should cover the cost of all associated prescription drugs.

If you live in Indiana then you will have the benefit of working with one of the top US health insurance companies, Nefouse & Associates, Inc. A leading provider of health insurance in Indiana, Nefouse & Associates Inc will be able to help businesses and individuals to find the best and most affordable health care coverage for their needs.

Nefouse & Associates, Inc. are an independent broker and so provide an unbiased Indiana health insurance service and can offer you a number of competitive rates, with a free no obligations quote.

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