Florida health insurance refers to insurance offered by health insurance companies for the residents of Florida. The insurance provider may be a government agency or a private organization. According to the plan chosen, the insurer pays the medical costs of the insured if the insured becomes sick due to covered causes, or due to accidents.
Florida heath insurance companies mainly offer two types of insurance – indemnity plans and managed care plans. With indemnity plans, the insurer reimburses the insured for medical expenses no matter who provides the service. The indemnity category includes three different plans, which include reimbursement of actual charges, reimbursement of a percent of the actual charges, and indemnity. With the first plan, the insurance provider will reimburse for the total cost of the service, the second plan covers a percentage, while the indemnity will cover a definite amount daily for a specified number of days.
There are mainly three types of managed care plans – HMOs (Health Maintenance Organizations), PPOs (Preferred Provider Organizations), and POSs (Point of Service plans). According to the HMO plan, the insured has to pay a flat monthly rate. PPOs are paid on a service-by-service basis. PPOs are usually sponsored by insurance companies or employers who reimburse the insured for the service. In a POS plan the insured pays a small co-payment as long as the service provider is a part of the network.
The rates for Florida health insurance vary from one insurance company to another. It is advisable to compare various insurance providers before selecting any particular health insurance plan. Most of the insurance companies also offer online insurance quotes. This helps the customers to select the ideal insurance policy that suits them the best.
