BASED ON YOUR NEEDS AND REQUIREMENTS, CvC" HEALTH+PLUS Insurance Services can help YOU the
individual, your family or organization to determine the best Health, Dental, Vision, Long Term Care and Term Life Insurance, Medicare Supplements, Short-term Health Plans, and International/Travel Health plans.If this is all new to you, contact us. Also, below are some
regularly used terms which can assist you in finding the
best plan for you, your family or your group.
HMO (Health Maintenance Organization):A facility or network of facilities which requires
members to receive services from one of their
providers in order to have the costs of those
services covered by the plan. An HMO typically
offers the greatest level of benefits of any type of
plan, but is also the most restrictive in terms of
choices of providers.PPO (Preferred Provider Organization):
An insurance plan's preferred list of providers who
normally offer discounts in the billing of their
charges to the insurer. Most PPO plans provide
for greater benefits than would a traditional
indemnity plan. Unlike an EPO or HMO plan, a
PPO plan does allow participants to elect to
receive services from non-PPO members.EPO (Exclusive Provider Organization):
An insurance plan's exclusive list of providers who
normally offer substantial discounts in the billing
of their charges to an insurer. Most EPO plans
provide for greater benefits than would a traditional
indemnity plan.
Traditional (Indemnity Plan):The traditional type of health paln where the
insured pays a deductible the a portion of the cost
of medical expenses after satisfying the
deductible. The traditional plan would usually
provide a lower level of benefits than many other
options. But would offer the lowest premium
available.
POS PLAN (Point of Service):A plan that offers different levels of benefits
through choice of providers (HMO, PPO,
non-network) at time service is rendered.
Other commonly used terms
CO-INSURANCE
Is that percentage of covered expenses under a
plan which must be paid by the insured individual.
For example in an 90/10 Co-Insurance plan, 90%
of the charges will be paid by the insurance
company, and 10% of charges will be paid by the
insured individual.
CO-PAYThe amount paid by the insured at the point of
service (office visit, etc.). With a Co-Payment
feature you by-pass your deductible for selected
services, but this cost doesn't count towards your
annual out of pocket expenses.
For more Information on these plans, call us at (800) 967-9910 or fill out this quote form, and we'll call you back with the information you need.
