Medical Insurance ArticlesMedical health insurance › Cheap Health Insurance Plan - A Simple Way to Save Money

Cheap Health Insurance Plan - A Simple Way to Save Money

Is there such a thing as cheap health insurance? It hardly seems possible when you look at the rise in hospital costs and physician services. Insurance companies have the task of underwriting the medical risk for insurance. The insurer then issues and delivers the policy to the insured once they are accepted into the plan. The policyholders then receive the policy declaration pages that list all of the benefits and features.

What are those benefits and features? How do they work after a hospital stay? When you begin to find the answers to those questions then you begin to understand what makes up the total premium. When you receive your first benefit statement after a hospital stay then you will begin to understand how the deductible is applied and how the coinsurance works.
Simple claims analysis

1. Total inpatient expense for 4 days in the hospital including physician services amounts to $4000.

2. Your policy has a $500 deductible with an 80/20 coinsurance clause with a maximum out of pocket $2000.

3. You must pay the first $500 for your stay leaving a balance of $3500.

4. You will pay 20% of that $3500 or $700 and the insurance company will pay $2800.

When your 20% reaches $2000 then the insurance company pays 100% of the remaining costs up to a million dollars (or 2 million etc).

The health insurance buying trends indicate that people are purchasing health insurance with higher deductibles. Deductibles bring down the premium dramatically. There are some plans with deductibles as high as $5000. This is called self-insuring because in essence that is what you are doing for the deductible amount.

Health Savings Accounts are also starting to become very popular. These savings accounts are tax deductible. They are like medical IRA’S. Contact your tax advisor or accountant for more details.

Article Source:http://ezerk.com
Article By: Mindi Haehl
Views: 6105

Comments On Cheap Health Insurance Plan - A Simple Way to Save Money0

Your Comment
Your Name
Your Email

Your Email will not be shown with your comment

Secret Number
15030

Please type the numbers shown above into the Secret Number box.

خرائط

غوغل

غوغل الارض

You are medical biller and are speaking with an insurance company regarding a denial of coverage for a particular patient. Discuss the patient and the procedures provided with the insurance company.

you are medical biller and are speaking with an insurance company regarding a denial of coverage for a particular patient. discuss the patient and the procedures provided with the insurance company.

medical insurance articles

خرائط غوغل

You are medical biller and are speaking with an insurance company regarding a denial of coverage for a particular patient. Discuss the patient and the procedures provided with the insurance company.

massage movies

Medical insurance explained

موقع غوغل

غوغل خرائط

You are medical biller and are speaking with an insurance company regarding a denial of coverage for a particular patient. Discuss the patient and the procedures provided with the insurance company.

you are medical biller and are speaking with an insurance company regarding a denial of coverage for a particular patient. discuss the patient and the procedures provided with the insurance company.

=medicalhealthinsurance

health insurance explained

articles on healthcare medical billing marketplace

موقع الخرائط

you are medical biller and are speaking with an insurance company regarding a denial of coverage for a particular patient. discuss the patient and the procedures provided with the insurance company

health insurance coverages explained

article on health insurance by sunday pos

موقع خرائط

medical insurance article

health insurance plans explained

Free internet films

في غوغل

switch 2 health corp

Scenario 3: You are medical biller

mn article doctor supports own medical insurance plan

insurance policy attributes

خرائط الارض

You are medical biller and are speaking with an insurance company regarding a denial of coverage for a particular patient. Discuss the patient and the procedures provided with the insurance company.

You are medical biller and are speaking with an insurance company regarding a denial of coverage for a particular patient. Discuss the patient and the procedures provided with the insurance company

You are medical biller and are speaking with an insurance company regarding a denial of coverage for a particular patient. Discuss the patient and the procedures provided with the insurance company

yhsm-inucbr_001

what do medical billers charge for PIP billing

umbrella beat

Scenario 3: You are medical biller and are speaking with an insurance company regarding a denial of coverage for a particular patient. Discuss the patient and the procedures provided with the insurance company.

Preferred provider denial of medical treatement of insured

medical insurance plans explained

medical billing denial scenarios

free full films

attributes of insurance policy

articles on medical insurance

articles- how having medical insurance affects diet in children with diabetes

خرائط بدقه عاليه

غوغل.كوم

غوغل كوم

غوغل الأرض

You are medical biller and are speaking with an insurance company regarding a denial of coverage for a particular patient. Discuss the patient and the procedures provided with the insurance company.