What Health Insurance is Best For Me - And What Does This Have to Do With a Single Payer Plan?

What health insurance is best for you? Thedifferent selections of benefits catering to
answer to that question depends on yourdifferent kinds of insurance needs. There are so
understanding of what health insurance is andmany because health insurance is largely managed
what your particular needs are. First, it is notby private insurance companies regulated by
discounted health care. Generally speaking,Federal and State laws. Single payer health
insurance is a kind of risk management. Yourinsurance generally refers to a system where the
premium is your monthly payment to thegovernment manages and pays on all insurance
company to assume the risk of expense. In oneclaims. Medicare would be an example of a single
sense, this is a sort of gambling. In this case, thepayer insurance managed by the Federal
health insurer is betting that you will not needGovernment.
care, and the premium you pay every month isNow, the issue of which health insurance is best
your hedge to offset the consequences shouldfor you is answered in part by what specific
you face large medical expenses. Your healthhealth care needs are in question. There are many
insurance benefits are what you get when thedifferent kinds of policies, and the choices can be
company "loses" and has to pay out.overwhelming. For example, there is disability
Now that we know that a health insurance policyinsurance, accident and dismemberment insurance,
is a way to manage risk, it is important totemporary health plans, continuation of coverage
understand that there are a number differentinsurance, hospital only insurance, catastrophic
kinds of agreements, or policies, availablecoverage, disease specific, long term care,
depending on your needs. Generally, the subjectsupplemental, and fee for service and managed
of health insurance brings to mind questions aboutcare polices.
doctor and hospital care available for individualsHow you choose a health insurance policy
and families through privately purchased policies,depends on your assessment of your costs,
and/or employees through an employer groupneeds, and circumstances. If you need doctor and
health insurance plan. When choosing a healthhospital coverage for specific period of time,
insurance policy, you (or an employer) mustthem you might seek a temporary policy from
decide what your tolerance for risk is and howBlue Cross or Humana, for example. If you need
much risk you want managed. To that end, therefamily health coverage, then you might,
are many private companies selling insurance plans.hypothetically, seek a comprehensive medical plan
Some examples of household names that you arefrom Wellmark, Aetna, or John Deere. Some
sure to recognize are Aetna, Blue Cross Bluepeople take out a policy, to provide another
shield, Humana, United Healthcare, Sterling, andexample, from United Healthcare (or some other
Mutual of Omaha. Insurance companies are areinsurer) to pay only in the event of hospitalization
also known as "payers" because they areas result of cancer. Other people, who work in a
responsible for paying out on your insurancehigh risk environment, might take out a policy to
claims when need arises. Though there may be apay in the event of dismemberment occurring
relatively small number of companies with instantunder certain, specified circumstances. The policies
name recognition, there are literally hundreds uponcan be quite specific and written to answer your
hundreds of health insurers, and these are allspecific needs.
separate payers offering different policies with