What Is Managed Care Health Insurance?

Save
Next Video:
How to Stay on an Employer's Health Insurance Plan After Termination....5

Managed care health insurance refers to a medical or health insurance plan that utilizes a local or national network. Find out about managed care health insurance with help from the president of The Stratford Financial Group, Inc. in this free video clip.

Part of the Video Series: Health Insurance & More
Promoted By Zergnet

Comments

Video Transcript

Hello, I'm Jeffrey Ingalls; President of Stratford Financial Group and Stratford Employer Services in Wayne, New Jersey. And right now, we're going to talk about what is managed care health insurance. Managed care health insurance refers to a medical or health insurance plan that utilizes a local or a national network of participating providers. By offering increased benefits in the form of copays and lower deductibles, these plans steer their members to the in-network participating provider listing. The purpose of a managed care health insurance program is to provide members with services performed by providers that are working together to provide the only necessary treatments in the most cost-effective manner possible. For example, many managed care plans will require their members to select their Primary Care Physician or PCP and obtain a referral before receiving in-network specialty care. Participating providers have agreed to charge and accept lesser fees. However, the popularity of these plans insure that the providers receive a steady stream of income and new patients. Some common managed care plans are PPOs or Preferred Provider Organizations, Point of Service Plans, EPOs or Exclusive Provider Organizations and HMO or Health Maintenance Organizations. I'm Jeffrey Ingalls; President of Stratford Financial Group and Stratford Employer Services in Wayne, New Jersey. We can be found online at www.stratfordlink.com and you just watched what is managed care health insurance. Thank you.

Featured

Related Searches

M
Is DIY in your DNA? Become part of our maker community.
Submit Your Work!