The Truth About Low Cost Health Insurance

insurance. There are three kinds of managed care plans. They are Health Maintenance Organization (HMO), Preferred Provider Organization (PPO) and Point Of Service (POS). The common believe is that low cost health insurances are a waste of money as they do not provide much cover at all. On the contrary, low cost health insurances such as HMO plans are not only cheap but they also provide quite a comprehensive cover. They even require minimal paperwork when making claims. POS plans even offer preventive care and well-being services such as discounts on health club memberships on top of being low cost health insurances. The main disadvantage of having a low cost health insurance is the fact that you cannot go to a doctor of your choice. The doctor you go to must belong to the network of your plan.

A Well-Informed Choice Of A Low Cost Health Insurance Is Beneficial To Those With Tight Budget

If your financial situation permits, it would always be better to go for a more comprehensive cover and one that allows you more control over the choice of your doctor. However, if you are one of those with limited financial resources, you do not have to fear low cost health insurance. They are beneficial and you can get good deals which are affordable and yet provide good cover. It is smarter to have a basic health insurance than to have none at all. Having a low cost health insurance can be a wise choice if it had been properly researched and