Americans spend billions of dollars on health care costs each year. Much of that money is in the form of health insurance – without it, you could spend $100 or more for a trip to a doctor to treat a simple cold. Health insurance comes in all shapes and sizes to suit most people's needs; however, understanding your policy and benefits might be confusing if you don't know what all the terms mean 12. Once you get a health insurance policy, your provider issues you a policy number with which you can identify your account.
Health insurance provides you with coverage for doctor's visits, emergency care and other procedures for a set monthly cost. While there are different types of health plans, you are always issued an insurance policy number by your insurance provider used to identify your account.
Health care costs can be expensive, with the potential to cause financial troubles and even bankruptcy. Health insurance provides you with coverage for doctor's visits, emergency care and other procedures for a set monthly cost. There are many different types of health insurance plans, including health maintenance organizations (HMO), preferred provider organizations (PPO) and exclusive provider organizations (EPO). Many employers offer health care benefits to employees and their families. The employer generally pays a portion of the coverage costs; the rest is taken out of your paycheck. You can purchase health insurance as an individual; however, this tends to be more expensive than a group policy.