Making Sense of Health Insurance— Frequently Asked Questions about Health Insurance.

What is health insurance?

Basically, health insurance offers you coverage for hospitals, physicians and other medical expenses due to illness or injury.

What kinds of health insurance are available?

There are two major types—indemnity and managed care plans.

When you have an indemnity plan, you have to pay for all your medical costs up front. To get reimbursed, you send your insurance company a claim. With a managed care plan, you pay a set fee when you seek medical care and your insurance covers the rest. But you have to stay inside the plan’s network.

How can I get health insurance coverage?

Many people get health insurance through their employer. You can also buy an individual health insurance policy, where you purchase coverage directly from the insurance company. Doing so gives you the unique ability to tailor your insurance to fit your needs.

How much does health insurance cost?

There’s no easy answer to this question. Premiums vary depending on:

• The comprehensiveness of the plan you choose
• How high your out-of-pocket costs are
• Your overall health

Get your questions answered.

Chances are, you’ve got your own questions about health insurance—and we have the answers you’re seeking. Ask our health insurance advisors a question now!