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Today, finding good, yet cheap health insurance providers can be a very laborious task, almost impossible even.  And also, it might confuse you as to why you need to get a health insurance in the first place, especially when you’re still young. Getting a health insurance may come off as an expensive and meaningless venture, but it’s actually not. Think about this: when you break your leg following a football game, or when you twist your ankles after falling down a ravine, or maybe when you get sick with dengue fever—how much do you think you will be spending for medical expenses alone? Getting a health insurance will help you against acquiring medical expenses.

There are many affordable or cheap health insurance providers that cater to the needs of people from all walks of life. There are insurance plans for kids, adults and senior citizens. And there are special health insurance plans too. Whatever health insurance you choose, it is aimed at helping an individual cover for the expenses he liable to, such as hospital bills, surgery, medical, and health.

What exactly is a Health Insurance?


Basically, a health insurance is defined as an agreement between the insurance provider (a company or government-funded entity) and an individual or his guarantors (his/her employers or organization). This can be either a renewable or lifelong agreement especially when it comes to private health insurances. Some health insurance plans might even be compulsory i.e. national health plans. In the contract or agreement, it is indicated in print exactly what and how much health care costs will be covered by the insurance provider.

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There are many different kinds of insurance plans and there are also several insurance providers around. There are insurance providers who provide expensive health insurance plans and there are cheap health insurance providers. It might be very confusing for one to figure out what type of insurance plan he should get and what insurance provider he must choose. Aside from that, more confusion arises because some people simply do not understand how the world of health insurance plans works.

What are the different kinds of Health Insurance?


There are actually four kinds of health insurance that are available for you and me. Understanding these five kinds of health insurance will make it easier for you to make a smart choice on what insurance best suits you or for your family. The four kinds of health insurance plans are listed below and explained in detail for your better understanding.

  • Indemnity Plan (or Fee-for-Service Plans)—an indemnity plan or often called a fee-for-service plan is one of the most traditional kinds of health plans. It is basically very simple. This health plan compensates your medical providers for every single service you get in a situational basis. An example of this would be when you need to have an x-ray; your insurance company pays the bill once the hospital sends an insurance claim.

You are usually required to pay an annual deductible fee when you avail an indemnity plan, so that they can compensate you for the services covered under the health insurance. Aside from that, you will also be at liberty to choose the doctors and hospitals that you favour.

  • Preferred Provider Organizations (PPO)—a plan such as this one will be the one to settle the overall arrangements of fees with a variety of hospitals, clinics, doctors and health providers. Your PPO insurance plan may agree to cover up to 90% of the costs should you receive treatment from an in-network provider. However, if it is with an out-network provider, your PPO will only compensate 70% of the cost incurred.  
  • Health Maintenance Organization (HMO)—an HMO plan is a health plan that requires u to pay the company advance for your coverage, instead of paying separately for every service related to your health. HMO’s can give and offer you a variety of services that will greatly benefit you—from health care to dental coverage.
  • Point of Service Plans (POS)—a POS plan is similar to an HMO plan but is different in the way that it gives you the freedom to take control of your own health care plan instead of getting referrals from the appointed primary care physician.

Whichever of these plans you decide to choose, it is always best to get them from the best cheap health insurance providers around. As a matter of fact, there are so many cheap insurance options you can choose from out there. Even with the recession, it is still a smart choice to be insured, thankfully there are health insurance providers to supply us with quality health care at a lower price. Listed below are just some of the best cheap health insurance providers in the US:

  • Humana Group
  • UnitedHealth Group
  • Kaiser Foundation Group
  • Wellpoint Inc. Group
  • UnitedHealth Group
  • Independence Blue Cross Group
  • Aetna Group
  • HCSC Group
  • Wellpoint Inc. Group
  • Coventry Corp Group
  • Highmark Group
  • Independence Blue Cross Group
  • Coventry Corp Group
  • Blue Shield of CA Group

The insurance companies listed above are in no particular order.



With the current recession, it is still important to get insured, and what better way to do that than by seeking the services of cheap health care providers? It is important for one to be insured these days as the cost of medication and medical expenses are enough to cripple one financially. Availing a health insurance would make life medical expenses a lot more manageable.  And also, you will find that health insurance can come pretty handy especially at times when you undergo an unexpected medical emergency.

It is not only enough to be insured, it is also important that you seek out the insurance providers that can give you the most out of what you are paying them for. Aside from that, it would also help for you to decide what kind of insurance plan suits you best, as well as which among the insurance plans you are capable of availing financially speaking. The list of insurance plans as well as the top insurance providers will give you an idea of what you need.