Commercial Health Insurance Companies

The commercial insurance companies have the market incentives and the ability to take on a new role as controllers of rising health care costs.

Whats commercial health insurance?

Commercial health insurance is in most cases understood as health insurance that is not managed by the state. Medicare Advantage is a public health insurance scheme managed by privately held insurance companies licensed by Medicare. It is possible to obtain commercial insurance through your employers or your spouse's employers or as part of the marital scheme if you fulfil certain conditions.

Almost half of Americans get business insurance through their jobs, according to Kaiser Family Foundation figures. It is also possible to take out health insurance directly with an insurance company, via the German Bundesmarktplatz or via an insurance agent. There are two types of commercial insurance: single or group. Your employer's offer is group insurance.

Occasionally, trade organisations and other organisations also cover groups. Groups can have different cover levels, and some companies have more than one insurance company to select from. Personal cover is a health insurance policy that you take out for yourself or your own relatives. If you are an entrepreneur buying commercial insurance, you will be able to select from a selection of available insurance policies offered by insurance companies in your country.

As a rule, you have the option of choosing between different cover ratios when choosing a health insurance policy. They can choose a high co-payment but lower bonus or a higher bonus scheme that only involves co-pays for physician outings. They can also have a kit listing of hospital or physician facilities that you can view according to the nature of the schedule.

If you have any queries about your existing insurance and your cover, please contact your company's appropriate agent, e.g. a manager or HR manager, or call the client services number on the back of your insurance voucher. When you want to make changes to your cover, it is important to consider when your business will have open matriculation.