A Health Plan is a type of insurance that covers the cost of medical care. It offers coverage for preventive care and services within the network. However, if the plan’s deductible exceeds the amount of the premium, you’ll have to pay a higher portion of the costs yourself. There are many different types of health plans.
Health plans can be managed by an employer or a group of employees. These plans are governed by the Employee Retirement Income Security Act, which provides protections for participants and access to plan information. It also requires individuals administering a health plan to meet certain standards of conduct. It is important to understand what your health plan covers and to choose the one that best fits your needs.
There are many different health plans available through the Marketplace. Depending on your income, health history, and needs, the Marketplace can help you find a plan that’s right for you. The cost of each plan differs, but all plans offer the same basic health benefits. You can compare costs by comparing features. You can also qualify for free or low-cost coverage through Medicaid and CHIP.
Health Maintenance Organization (HMO): An HMO is a type of health plan that covers doctors in a particular network. Most HMOs require patients to use doctors and hospitals in the network. They also require patients to choose a primary care physician (PCP), who provides general medical care. In order to get the most benefit from your health plan, you must have a referral from your PCP.