The new part of New York leading health benefits insurer demystifies of 33 industry-standard terms
Madison, WI (NYSE) June 30, 2011
"When consumers understand the basics of health insurance industry is to understand a lot less scary and much easier," said Tom Olson, senior vice president of sales and marketing, WPS Health Insurance. "In the WPS, we help consumers barriers excluding them from participating fully in eliminating the crucial decisions that affect their health and their bags."
Some terms explained WPS include:
Charge, one of the ways people share their medical expenses. The patient pays a fixed rate for certain medical expenses (such as $ 10 per doctor visit), while the insurance pays the rest
Deductible-The amount of money for someone to pay every year to cover the medical expenses before your insurance starts paying.
Explanation of benefits, the insurer written explanation of how a medical claim is paid. It contains detailed information about what the company pays and what portion of the costs of the responsible person.
To help Medicare supplementary insurance plans offered by private plans that the "differences" in Medicare supplement.
Provide red group of doctors, hospitals and other health care provider organizations that contract with insurance at affordable prices. Consumers are generally paying less for services of network operators.
Rider coverage options that people have their basic health insurance plan to extend for an additional premium. A typical example is a pilot of motherhood.
Membership of the process is determined by the health insurance, or delivery of the applicants and / or policy and to expand premium s. to
Twenty-six more terms in the full article explains: "Health Insurance 101: Understanding the common terms and definitions", which is free at the Learning Center link on the website of WPS Health Insurance.
CM promotes the health of consumers who have questions about these terms, your own coverage, or other matters relating to health insurance, should call 1-888-245-4197 and a representative of the WPS speak friendly today.
WPS Health Insurance
Founded in 1946, WPS Health Insurance is the largest non-profit Wisconsin health insurance and offers affordable health insurance individual family health insurance, high deductible plans and health insurance plans short term health and as a flexible, affordable and cost-effective management of the group plan benefits for companies. In addition, the WPS Medicare division administers Medicare Part A and B for the millions of elderly people in several states and WPS TRICARE division serves millions more members of the U.S. military and their families. For more information about WPS Health Insurance.
Tami Gilbertson
Health Insurance CM
608.223.5970
E-mail info
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