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Health Insurance

Health Insurance

Health insurance is coverage that can cover all or a  portion of the cost of an insured individual’s medical and surgical expenses. In health insurance terminology, the “provider” is a clinic, hospital, doctor, laboratory, health care practitioner, or pharmacy. The “insured” is the owner of the health insurance policy; the person with the health insurance coverage.  In March 2010, President Obama signed the Affordable Care Act. The law put in place a  mandate that every American must obtain health coverage either through an employer, an individual health policy or through the federal health care marketplace.

Getting all of the facts so that you can obtain the correct policy can sometimes be challenging. Mistakes can be difficult and costly to fix. You don’t need to figure it out on your own though. Let the health insurance experts at Veritas Risk Management help you!  Contact us today and we will walk you through the process.

Important Definitions:

Office Visit Co-Payment: Insured’s payment for office visits

Deductibles: An amount deducted by the insurance carrier from the total that they will pay toward hospital and other services, in-network and/or out-of-network. Once the deductible is met the plan coverage kick in as set forth in the policy.

Network of Participating Physicians: Doctors who are contracted with the plan

Out of Network: Any provider outside of the contracted with the plan.

RX Coverage: Coverage for prescribed medications.

Health insurance is becoming more complicated every day. At Veritas, we are committed to educating you to streamline your plans and find the best protection possible.