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Farmers Insurance Agent in Waterford, Michigan Offers Tips to Save on "Health Insurance" and Medical Costs
With the price of health care, insurance is a necessity.  The cost of medical care is rising rapidly and few people are able to afford this luxury without insurance. 
Types of Health Insurance Coverage: 
Two common categories of health plans are indemnity plans and managed care plans such as health maintenance organizations (HMO's) and preferred provider organizations (PPO's) and point of service (POS) plans. 
An indemnity plan offers the option of choosing your own doctors.  They pay for your medical expenses, in full, in part, or up to a specified amount per day for a certain number of days. 
Managed care plan provide broader coverage, but involve an arrangement between the insurer and a selected network of health-care providers.  An HMO will require that a primary care physician coordinate all of your care, referring you to other specialists within their network, when necessary. 
Whichever type of plan you choose to buy depends on your individual health care needs and your budget. 
What costs are covered? 
Health insurance plans vary, so you will want to ask questions and discuss your health care needs with your insurance agent.  When comparing insurance plans, be sure to find out if they provide additional benefits that ... more

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