Scheduled Health Insurance vs. Comprehensive Health Insurance

Scheduled Health Insurance vs. Comprehensive Health Insurance

Scheduled Health Insurance: in recent years these health insurance plans take the name mini-med plans or association plans. These plans are not meant to replace a traditional comprehensive health insurance plans and are more of a basic policy providing access to day-to-day health care such as going to the doctor or getting a prescription drug. They may provide benefits for hospitalization and surgical, but these benefits will be limited. Scheduled plans are not meant to be effective for catastrophic events. These plans cost much less then comprehensive health insurance. They generally pay limited benefits amounts directly to the service provider, and payments are based upon the plan's "schedule of benefits". Annual benefits maximums for a typical scheduled health insurance plan may range from $1,000 to $25,000.

Comprehensive Health Insurance: is health insurance coverage that pays a percentage (may be 100, 90, 80, 70, 60, 50 percent) of the cost of hospital and physician charges after a deductible (usually applies to hospital charges) or a co-pay (usually applies to physician charges, but may apply to some hospital services) is met by the insured. These plans are generally expensive because of the high potential benefit payout, $1,000,000 to 5,000,000 is common, and because of the vast array of benefits that are covered.