|
|
Life in the USA is a complete guide to American life for immigrants and Americans. All materials on this siteCopyright © Elliot Essman 2007. All rights reserved. Home Back Next
|
Life in the USA Medical Care Health Insurance
|
Health Insurance
"Major medical" insurance plans were widely used before the health insurance problem reached crisis proportions. With a major medical plan, the policy holder goes to his or her own doctor, pays the bill, then submits a claim for reimbursement to the insurance company. Most plans have a "deductible," an amount you pay yourself. If your plan has a $1000 deductible, for example, and you had $5,000 in medical expenses, you'd pay the first $1,000 and be reimbursed for the remaining $4000.
The larger the deductible, the lower the cost of the insurance. If you wanted
insurance to protect yourself only against "catastrophic" medical expenses--$100,000, for
example--you might decide on inexpensive insurance with, say, a $10,000 deductible. You'd
be willing to absorb some expenses once in a while in order to reduce premium payments
year after year. Next Section: Managed Care Medical Care: Chapter Home
Life in the USA Home
Page. Contains information on how to get in touch with me, since I welcome
comments, corrections (of facts and typographical errors), and suggestions for new sections.
You'll be able to access all 20 topic areas of this site. The URL of this site is: http://www.lifeintheusa.com/medical/healthinsurance.htm
Building Yourself -
Stylegourmet -
Linguix |