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No. A cafeteria plan allows you to choose from various options..
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What is the difference between health insurance and health plan?
They're basically the same thing. Health insurance is an insurance plan that pays medical bills.
What is the difference between health insurance and a medical plan?
They're basically the same thing. Health insurance is an insurance plan that pays medical bills.
What is a private health insurance plan?
A private health insurance plan is one that you pay for yourself and covers you and your family. It is possible to have health insurance through your employer and private insurance at the same time.
What is the difference between a health insurance plan and a health insurance policy?
There is no difference. These are just two different terms referring to the same thing.
Can you have an HSA Plan and a Medical Reimbursement Plan at the same time in a corporation?
I work at a large health insurance provider and in Canada, yes you can.
Can you get an international health insurance policy if you plan to travel to Europe for a year?
Yes. This type of insurance is called Expatriate Medical Insurance. This insurance is also called Global Expatriate Medical Insurance. However, you may find that the host country has its own form of health care. This type of plan offers the same medical care you would get in you home country.
Are healthcare and Medicare the same?
No. Medicare is a public health insurance plan for those over 65 and certain disabled persons.
If Im planning to travel should you purchase travel health insurance through the same company you get your regular insurance from?
You can get traveler's health insurance or international medical insurance from your regular insurance company if they offer it.Depending on your current plan, it may already be included, or you may even get a discount.
What processes health care claims and performs related business functions for a health plan?
Health care claims are processed by people called claims processors and some are electronically paid on a computer. The business functions of a health care plan are taken care of by underwriters, computer programers, insurance agents, human resource personnel at employers, managers at the insurance headquarters, customer service reps and of course accountants. Your plan is chosen by your employer based on costs and coverages. An individual plan is chosen by the same criteria.
Is a company bound by an online health insurance quote?
No matter where you are shopping for health insurance (online, on the phone, or in person), all premiums must be filed with your state's Department of Insurance. That means the rates will be the same. As for whether the company is "bound" by the quote, the company can only quote pre-filed premiums so long as you are providing accurate information in your quote application, the premium will be the same for the same plan from the same company.
In the Obama health care plan are American's required by law to have health Insurance?
Yes, but Obama has created this as a loophole to please insurance companies while still allowing people to have government health care. The "fine" for not having health insurance (and therefore having government health care instead) is only $300 per year, which is MUCH less than Americans pay for health insurance. It's the same as putting in a $300 a year tax increase to pay for health care, but he didn't call it that to trick the insurance companies into supporting it!! Haha, smart guy!!
Is portable life insurance the same as long term health care?
No. You will only get "insurance" from an insurance company.
