Health plan
Health Plan
A Health Plan (pronunciation: /ˈhɛlθ plæn/) is a type of insurance coverage that pays for medical and surgical expenses incurred by the insured. Health plans can reimburse the insured for expenses incurred from illness or injury, or pay the care provider directly.
Etymology
The term "Health Plan" is derived from the English words "health", meaning the state of being free from illness or injury, and "plan", which refers to a detailed proposal for doing or achieving something.
Types of Health Plans
There are several types of health plans, including:
- Preferred Provider Organization (PPO)
- Health Maintenance Organization (HMO)
- Point of Service (POS)
- Exclusive Provider Organization (EPO)
- High-Deductible Health Plan (HDHP)
- Catastrophic Health Insurance Plan
- Medicaid
- Medicare
- Children's Health Insurance Program (CHIP)
Related Terms
- Insurance: A contract in which an individual or entity receives financial protection or reimbursement against losses from an insurance company.
- Premium: The amount that must be paid for your health insurance or plan.
- Deductible: The amount you owe for health care services your health insurance or plan covers before your health insurance or plan begins to pay.
- Copayment: A fixed amount you pay for a covered health care service, usually when you receive the service.
- Out-of-pocket maximum: The most you have to pay for covered services in a plan year.
External links
- Medical encyclopedia article on Health plan
- Wikipedia's article - Health plan
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