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PTP Insurance
Agents of Naperville, IL, an independent insurance agency
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Variations
of Health Insurance
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Participating Physician Organizations
(PPOs)
 While
not actually a type of healthcare insurance, PPO's do have a
significant impact on healthcare costs. As its name implies,
a PPO is an organization of physicians. PPOs also include medical
facilities like hospitals. In exchange for patient referrals,
they agree to be bound by a schedule of fees which are negotiated
by (typically) insurance companies. These negotiated fees are
usually lower than the usual and customary fees a doctor or hospital
would charge. Because PPOs tend to have a vast number of participating
doctors and hospitals, patients have a lot of freedom when choosing
their healthcare providers. Most major medical health insurance
plans incorporate the use of a PPO to lower the overall cost
of healthcare.
Discount Medical Card.
While not a healthcare insurance
policy, a discount medical card can provide you with lower medical
costs. For those who do not have healthcare insurance due to
a medical condition, or for those who are unable to pay the cost
of individual health insurance, a discount medical card might
be appropriate. Because this plan is not insurance, there are
no health qualifications; and the monthly costs are far lower
than those for a typical health insurance policy. A member receives
a discount medical card which entitles him/her to the rates established
by the underlying PPO. The difference between usual and customary
fees and PPO rates can be quite substantial.
Consumer Driven Health Care
In 2003 the Medicare Prescription
Drug, Improvement, and Modernization Act was signed into law.
This created tax-deductible Health Savings Accounts (HSAs) which
are pre taxed private bank accounts for the purpose of paying
for medical items or services. Consumers wishing to use an HSA
must also be enrolled in a qualified high-deductible insurance
plan. As of 2007, qualifying plans must have a minimum deductible
of $1,050. |
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People
to People Insurance Services Inc. - 1240 Iroquois, Naperville, IL, DuPage County - Serving Chicagoland (630) 355-2355 |
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Naperville Illinois personal and commercial independent insurance agents, PTP Insurance Agency, serves clients throughout
the metropolitan Chicagoland area which includes Cook County, DuPage County, Kane County, Kendall County and Will County;
including, but not limited to, Naperville, Bolingbrook, Plainfield, Aurora, Batavia, Barrington, Berwyn,
Bedford Park, Bloomingdale, Brookfield, Burbank, Burr Ridge, Carol Stream, Chicago, Clarendon Hills, Countryside,
Darien, Downers Grove, Elgin, Elmhurst Glen Ellyn, Glendale Heights, Hickory Hills, Hoffman Estates, LaGrange,
LaGrange Park, Lemont, Lisle, Lockport, Lombard, Lyons, Mokena, Montgomery, Oak Brook, Oswego, Romeoville,
St Charles, Schaumburg, Shorewood, Sycamore, Warrenville,West Chicago, Westmont, Woodridge and Yorkville.
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