About Different Types of Health Insurance

Series Summary

The term health insurance is generally used to describe a form of insurance that pays for medical procedures. It is sometimes used more broadly to include insurance covering disability or long-term nursing or custodial care needs. It may be provided through a government-sponsored social insurance program, or from private insurance companies. It may be purchased on a group basis or by individual consumers, yet in either scenario, the covered groups or individuals pay premiums or taxes to help protect themselves from high or unexpected health care expenses. Similar benefits paying for medical expenses may also be provided through social welfare programs funded by the government. In this free video series, an insurance broker discusses health insurance; the different types of health insurance, how health insurance works and what is covered with health insurance. Discover how PPO insurance works, how to get health insurance after being disabled at work and whether or not health insurance covers psychologist visits. With these tips on health care and finances, anyone interested in receiving health insurance, or anyone who already has health insurance, should be better informed about their benefits.

Video Transcript

"Hi, my name is Vic Schumacher. I'm with HPE Financial Services. I understand that you're looking to understand the differences in the different types of health insurance. Health insurance is comparable to like buying a car. The idea is it'll get you from one point to another but how fancy do you want to ride in that car? Health insurance consists of medical insurance, it consists of accidental death and dismemberment, it consists of Medicare, it consists of disability. All of these different plans can be purchased individually, or they can be put all into one policy. The idea is how much do you want to try to get involved with your coverage. The most important thing is to remember to have some coverage, no matter how good or how bad it is. You never want to leave yourself unprotected financially, in case you have to use the policy. The idea here is that you can add and delete from the policies as desired. You should also contact an advisor who represents a variety of companies, who after understanding our particular need and requirement for the coverage can lead you in the right direction. My name is Vic Schumacher, the company is HPE Financial Services, helping people everyday."