©David M. Schmader July 2004, February 2005
| Brown/Schmader Associates Members of the Solon Chamber of Commerce Dave Schmader Solon, Ohio 440-248-5258 Dick Brown Chagrin Falls, Ohio 440-247-5180 |
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| Brown/Schmader Associates Insurance for Individuals, Professionals and Small Businesses Life • Health • Annuities • Long-Term Care • Employee Benefits • Business Succession Planning |
Health Insurance
Health insurance is a necessity!
Medical expenses can virtually bankrupt someone. Among seniors, one of the leading causes of bankruptcy is health care costs. It can
wipe out life savings and for those who are younger without the resources to absorb such catastrophic expenses, can set them up for a
lifetime of indebtedness.
What types of health insurance are available?
Health insurance plans generally fall into one of two categories: indemnity plans (also known as reimbursement plans) and managed care
plans such as health maintenance organizations (HMOs), preferred provider organizations (PPOs), and point of service (POS) plans.
• An indemnity plan allows you to choose your own doctors and pays for your medical expenses--totally, in part, or up to a specified
amount per day for a specified number of days.
• Managed care plans generally provide broader coverage, but they all involve an arrangement between the insurer and a selected
network of health-care providers (doctors, hospitals, etc.). For example, an HMO will require that a primary care physician in the network
coordinate all of your care and refer you to specialists in the network.
No matter which type of health insurance you buy, you'll need to make sure it offers the right kinds of coverage and the coverage you
need.
Click here for more information about Individual Health Plans
Click here to complete an Individual Health Quote Request Form
Health insurance is a necessity!
Medical expenses can virtually bankrupt someone. Among seniors, one of the leading causes of bankruptcy is health care costs. It can
wipe out life savings and for those who are younger without the resources to absorb such catastrophic expenses, can set them up for a
lifetime of indebtedness.
What types of health insurance are available?
Health insurance plans generally fall into one of two categories: indemnity plans (also known as reimbursement plans) and managed care
plans such as health maintenance organizations (HMOs), preferred provider organizations (PPOs), and point of service (POS) plans.
• An indemnity plan allows you to choose your own doctors and pays for your medical expenses--totally, in part, or up to a specified
amount per day for a specified number of days.
• Managed care plans generally provide broader coverage, but they all involve an arrangement between the insurer and a selected
network of health-care providers (doctors, hospitals, etc.). For example, an HMO will require that a primary care physician in the network
coordinate all of your care and refer you to specialists in the network.
No matter which type of health insurance you buy, you'll need to make sure it offers the right kinds of coverage and the coverage you
need.
Click here for more information about Individual Health Plans
Click here to complete an Individual Health Quote Request Form
| Brown/Schmader Associates Members of the Solon Chamber of Commerce Dave Schmader Solon, Ohio 440-248-5258 Dick Brown Chagrin Falls, Ohio 440-247-5180 |
©David M. Schmader March 2007, May, 2008