Preferred Provider Organization (PPO):
The preferred provider organization, or “PPO”, is a combination of traditional fee-for-service and an HMO. Like an HMO, there are a limited quantity of doctors and hospitals to choose from. Whenever you use those companies (sometimes known as “preferred providers”, other times called “network providers”), most of your healthcare expenses are covered. Whenever you go to doctors within the PPO, you present a card and don’t need to fill out forms. Generally there is a small co-payment for every visit. You might require to pay deductible and co-insurance amounts.

Health Maintenance Organization (HMO):
The HMO plan offers a great choice for those who feel more safe under the care of a primary care doctor who oversees all of their medical treatments. Beneath the HMO, you’re placed with a doctor of your choice (within the plan), who will be your regular physician and make suggestions concerning your care. This plan is cheaper than PPO plan in context of premiums.

Free-For-Service plans (FOS):

The Free for Service plan offer the most choices regarding healthcare specialists and facilities. For an additional fee the policy holder may choose their own medical options. The insured needs to pay a preset deductible amount, before the insurance supplier gives money for these services. The company pays 80% of the total cost and the other 20% ought to be paid from your own pocket.

Point-Of-Service plans (POS):

They are indemnity-type of health plans provided from the HMOs. According to this plan, you will get service from primary care doctors and then these doctors refer other healthcare companies. However, if the referral is outside the network, the health plans pay all or the majority of the healthcare bill.

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Description Of Different Types Of Health Insurance Plans is a post from: WiredWriter

For the purpose of this article I will be bringing to your attention to how clerical errors can cause you a lot of a lot of headaches and might even have you lose money. People often take for granted the information written on a policy, is accurate and then only realise once an event has occurred that they are underinsured or that due to something written in the policy the insurance company will not pay out. Simple errors such as leaving out a 0, at the end of an amount, or even a piece of information incorrectly entered could cause a big mess.  

Because your policy and your premiums are determined by information it is important that the information given is correct. From your side there are ways in which you can assure that you have given the correct information to the insurance company. Firstly make sure that you enter all your details correctly. If filling out a paper form, once you have done filling in the information make a photocopy of the document. Do this before you fax the document back to the company. This is important to protect yourself, so that if the error occurred on their side, you have proof. Then also always check the information again, before signing. Many people just skim over the information written in contracts, and do not take the time needed to really understand what is being read. This results in people signing documents and then later saying that they were not aware of what they were signing.  If you are not sure about a particular clause, do not be shy or hesitate to ask either a broker, or an agent for clarification.

I can only imagine how heart wrenching it must be to discover, after the trauma experienced from losing your most valued possession that your insurance will not pay out due to some clerical error.  Many people have experienced this horror discovering that not only have they lost something very important to them, but that all the money they had paid on monthly premiums meant nothing.  Do whatever you can to prevent yourself from being in that position.  A little bit of time spent reading and rereading your contract and asking when you do not understand something can save you lots of money and heartache in the long run.

Check Your Insurance Policy For Clerical Errors is a post from: WiredWriter