Insurance Guide

Insurance companies use the term “ adverse selection ” or “ adverse selection insurance “  to describe the tendency for only those who will benefit from insurance to buy it. Specifically when talking about health insurance, unhealthy people are more likely to purchase health insurance because they anticipate large medical bills. Those people are adverse [...]

Historically, HMOs tended to use the term “health plan“, while commercial insurance companies used the term “health insurance”. A health plan can also refer to a subscription-based medical care arrangement offered through HMOs, preferred provider organizations, or point of service plans. These health plans are similar to pre-paid dental, pre-paid legal, and pre-paid vision plans. [...]

How health insurance works? or How health plan works? It is very common question. First of all, Health insurance or health plan need perform a adverse selection. The reason is very simple, by using adverse selection, health insurance company or health plan company selects most of people in good health condition. After adverse selection, a [...]