A private
health insurance exchange is an exchange run by a private sector
company or nonprofit. Health plans and insurance
carriers in a private exchange must meet certain criteria defined by the
exchange management. Private exchanges combine technology and human advocacy,
and include online eligibility verification and mechanisms for allowing
employers who connect their employees or retirees with exchanges to offer
subsidies. Discover what you need in pursuit of wealth, click
here for free copy!
They are designed to help consumers
find plans personalized to their specific health conditions and medical treatment, preferred
doctor/hospital networks, and budget. These exchanges are sometimes called
marketplaces or intermediaries, and work directly with insurance carriers,
effectively acting as extensions of the carrier.
Some have membership restricted to
particular groups, but the majority have open membership. Membership to most health
funds is now also available through comparison websites like moneytime, Comparethemarket.com,
iSelect Ltd., Choosi and YouCompare. These comparison sites operate on a
commission basis by agreement with their participating health funds. The Private Health Insurance
Ombudsman also operates a free website which allows consumers to search for and
compare private health
insurers' products, which includes information on price and level of cover.
Dentists can cost quite a lot of money,
especially if you do not look after you teeth. A basic clean can cost anywhere
from $50 to $200 depending on where you live and which dentist you go to. With private health insurance, this
cost would be dramatically lower because of the rebate that would be given from
your insurance provider. Should you choose to go to a dentist that is a part of
your insurers network of practitioners, the price could be even lower again.
As previously mentioned, you are
probably not ready for a hip replacement just yet, but what about if you need
your wisdom teeth removed, your appendices taken out urgently or your tonsils
swell up to the size of golf balls repeatedly? These are all things that can
happen to someone of any age and can all be expensive surgeries without private
health insurance. In fact,
these operations can have hospital bills running into the thousands, all of
which you will be left to pay. While many public hospitals can carry out these
operations, there is no choice of doctor or when you will be operated on. In
most cases you would need to share a room with not just one, but many other
patients and would rarely receive the same amount of medical attention compared
to a private hospital. While public hospitals endeavour to manage as many cases
as they can, private hospitals will allow you to pick and choose doctors, rooms
and many other services which will no doubt make your hospital experience far
more tolerable. After all, no one likes being in hospital.
No comments:
Post a Comment