Health Insurance

There are two basic kinds of heath insurance -- Fee-for-Service and Managed Care. Although the plans differ, both cover a range of medical, surgical and hospital expenses. Most cover prescription drugs and some also offer dental coverage.

1. Fee-for-Service. These plans generally assume that the medical professional will be paid a fee for each service provided to the patient. Either the medical provider or the patient files the claim.

2. Managed Care. There many different forms of Managed Care insurance. Various plans work differently and may include: health maintenance organizations, preferred provider organizations and point-of-service plans. These plans provide comprehensive health services to their members and offer financial add-ons to patients.

The best type of health insurance available in the market today is the Long-Term health insurance. But do you really this kind of insurance? Here's why you DO.

1. Long term insurance preserves your assets for your family instead of spending the money on long-term care.

2. The odds that a man over 65 will need long-term care are 1-3; these odds are 1-2 for a woman over 65.

3. Premiums may be partially tax-deductible. .