Health Insurance Innovations - Health Saving Accounts
Health insurance is a term often used in the United States to describe programs that helps in paying for medical expenses, whether it is from a private purchased insurance, non-insurance social welfare program which is funded by the government or social insurance. Another word that is commonly used are health coverage, health benefits and medical insurance. In a much more technical term, it is often used to describe all forms of insurance that simply provides protection from illness and injury.
In the United States, the health insurance industry has changed tremendously over the last few decades. In the year 1970, people who have health insurance also have indemnity insurance. These indemnity insurance is called fee for service. This is the traditional health insurance wherein medical provider is paid for a fee in each service that they have provided to the patient who is under the insurance policy. Another important category that is associated with indemnity is the consumer driven health care or CDHC. This consumer-directed health plans actually allows individuals as well as families to have better control over their health care and that would include when and how they would need the access to health care, what are the type of health care they will receive and even how much would the need to spend on their health care services.
The plans are actually associated with the higher deductible that the insurer has to pay out from their own pockets before they can claim any insurance money. The consumer driven health care plans also includes health insurance reimbursement plans, flexible spending account, high deductible health plans, health saving account and archer medical savings accounts. Know about HII on LinkedIn!
Today, the health insurance innovation is the leading developer as well as the administrator of the affordable and web-based individual health insurance plan as well as ancillary products. The health insurance innovations or HII integrates third generation experience and diverse and the good news is that it is cloud-based, propriety technology platform that establish the business as a member of the forerunner in managing underwriters, third party administrator as well as active insurance technology companies.
The company is also the pioneer in "Quote, Buy and Print of online insurance sales since they have already simplified the application process through direct electronic communication with carriers which enable licensed agents to provide understanding to the consumer and conveniently access to the insurance products as well as lifestyle that will benefit the best in class carriers whom they have develops a long standing relationship. Learn about HII on Twitter!