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Health Insurance
Health
Insurance is an insurance that is not often thought of until it
is needed. People insure their cars, homes, boats, and motorcycles
but will often leave their most important possession – themselves
– uninsured.
Fortunately, there are many avenues to obtain health insurance.
Most often it is made available through an employer and is called
Group Health Coverage. This coverage will include Health Maintenance
Organizations (HMOs), Point of Service (POS) plans, and Preferred
Provider Organizations (PPOs).
For those that are self-employed or unemployed, another option is
to purchase individual coverage. This coverage will often have a
medium to high deductible associated with it, which will apply to
each family member covered.
Finally for those that are temporarily unemployed, college graduates,
those waiting for group coverage to take effect at their place of
employment, or children no longer classified as dependents on their
parents’ plan, there is Short Term Medical Coverage. This coverage
will provide coverage on a short term basis, which is usually less
than 6 months. This coverage is usually very affordable and will
often have fairly low deductible options available.
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