Medicine and health care industry have changed over the years. Doctors may not make house calls anymore, but they have an arsenal of miracles to help us live longer, more productive lives. Health protection can insure we receive proper care without the cost burdens, which may affect our business and other aspects of our lives. Many factors determine the price - individual or group plan, medical history, age, type of coverage, residence. Deductible - the amount of money you pay before the plan provisions kick in.
Lower deductibles mean higher premiums.
This is one of the latest methods of cost sharing. At this point, the plan usually covers 100 percent. Usual and customary - the charge allowed by your plan for different services in your area. Panel - the group of providers who have contracted with your plan to provide services at usual and customary rates.