Simply put, medical insurance helps you pay for health care needs other than dental and vision care. For a fixed monthly fee (premium), you are entitled to specific health care services, usually including regular checkups and other services that promote general health, as well as emergency care for injuries and illness. Most providers offer a variety of plans, with optional benefits and riders to tailor your coverage to meet your health risk profile. For example, if you know you are healthy and at low risk for health issues, you might choose a higher deductible with lower premiums. The following are some of the more common options individuals choose to cover healthcare costs for themselves and their family.

Health Savings Account (HSA): These plans combine lower cost premiums, higher deductibles, and a tax-favored savings account, providing more control over health care expenses.

High Deductible: Costs for routine health care expenses are paid for by the insured, keeping premium costs low.

Short Term Medical: Designed to fill gaps in insurance coverage during times of transition and change.

Student Coverage: Essential medical-care coverage for students.

Medical Insurance Plan Types
Medical insurance plans are often categorized as either indemnity or managed-care plans. The primary differences are in out-of-pocket costs, choice of health care providers, and how bills are paid.

Indemnity plans typically offer a broader selection of health care providers than managed-care plans. With an indemnity plan, the carrier pays for covered services only after it receives a bill, which means that you may have to pay up front and obtain reimbursement from your insurance carrier later.

Managed-care plans typically maintain health care provider networks. Health care providers participating in a network agree to perform services for patients at pre-negotiated rates and will usually submit the claim to the insurance company for you. In general, you'll have less paperwork and lower out-of-pocket costs with a managed-care plan and a broader choice of health care providers with an indemnity plan

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