| Health insurance is a topic that seems to always | | | | is generally purchased by an employer seeking to |
| be in the news here in the United States. | | | | provide low cost health care to their workers. |
| Whether it's a topic in the presidential race or the | | | | This gives individuals and families the opportunity |
| latest attention getting tactics of film maker, | | | | to buy health insurance at a greatly reduced cost, |
| Michael Moore, there's always something new | | | | compared to buying a private policy. If your |
| coming up to keep the topic in the public eye. | | | | employer offers Group coverage you should take |
| Unfortunately, most people don't even have a | | | | advantage of it. |
| basic understanding of health insurance, the | | | | Short Term |
| different types of health insurance or what is | | | | Short Term health insurance is exactly that, |
| available to them. Here is a brief rundown of the | | | | "short term". It's designed for individuals that only |
| different types of health insurance available and | | | | need a temporary policy, such as students |
| what they're meant for. | | | | graduating from college that no longer have a |
| Individual or Family | | | | student health plan, but haven't found a job yet, |
| This one is pretty obvious. Individual and family | | | | or an individual who is between jobs and needs |
| plans are private policies that provide protection | | | | short term protection. |
| against illness or injury. The amounts of coverage | | | | Student Health Insurance |
| provided are different and depend upon the plan | | | | This is also pretty self explanatory. Kids leaving |
| purchased. Premium payments are determined by | | | | home for college are generally no longer covered |
| the amount of coverage provided within the plan, | | | | by their parents policy, therefore, they need their |
| the deductible amount, Riders, etc. Some of these | | | | own protection. These are policies that are |
| plans are known as HMO's (Health Maintenance | | | | designed specifically with the needs of students in |
| Organizations) and PPO's (Preferred Provider | | | | mind. |
| Organizations). | | | | There is of course, more to these policies than |
| Group Health Insurance | | | | what I've given here, but the idea was just to |
| This is similar to the example above, with the | | | | get you familiar with health insurance and some of |
| main difference being that Group health insurance | | | | the different types of coverage available to you. |