Paying medical bills can be less costly for those with corporate health care insurance, which helps individuals cover the expenses of various health services.
Insurance Basics
1. Health insurance pools a large number of people who pay monthly premiums, and the company uses these funds to pay for members' health needs, according to the terms of the agreement.
Corporate Health Care
2. Many large companies offer workers the option of enrolling in corporate medical insurance, which can offer lower rates than on the individual market, because many employers pay some of the premiums.
Plan Types
3. The two dominant options are HMO and PPO insurance. In an HMO, you first seek care from your physician and then go to specialists when referred by your doctor. PPOs offer more flexibility of care, but can be more costly.
Read more: What Is Corporate Health Care Insurance?
