What Does PHSP Do For You?

What does a PHSP do for you? Why is it coveted by individuals? It means that you have access to a private health service plan as well as publicly guaranteed medical benefits. While people may access private coverage through an employer or through an educational institution, public insurance means you can be treated for any medical situation, at any time, at any hospital in the country. Taking that one step further, owning private insurance guarantees you greater benefits including hospital coverage, greater doctor’s selection and covered services. Why would an individual opt to pay for medical and dental insurance if universal coverage already provides them with coverage?

One of the greatest benefits of PHSP is the options it offers. People like having options. This alone is a selling point of private health service plans. No matter what type of medical or dental services or treatments you are recommended to have, you can access medical insurance to offset the total cost of service. If you need services like a MRI or CT scan and a private clinic offers the service, you can make an appointment and be a patient at that clinic. If you heard great things about a desired doctor but he only accepts new patients with one of these plans, then you will have access to that doctor. If you still want to see that doctor but you have public insurance, you may find yourself on a waiting list for his availability as he is only required to have a specified number of patients with public insurance. If you need to be admitted to a hospital for overnight observation or recuperate after surgery, if you have PHSP you might find yourself in a private room. While the patient with publicly funded insurance will not be turned down and will be afforded medical treatment, she might find herself in a room with three or more other patients. The medical care is the same but the comforts associated with the visit might be significantly different.

National health care plans create guaranteed medical care for all citizens. This universal approach to health care guarantees coverage and ensures an individual will not be turned down regardless of his or her financial capability to pay for the necessary services at the time of need. This differs from many countries that do not provide national health care but rely on states and municipalities to care for its constituents. Taxpayers and corporations pay taxes to provide a system to wholly cover every man, woman and child who hold citizenship within the country. The monumental system creates coverage for all but allows for supplemental insurance to be purchased. This leaves a choice to an individual whether they need additional coverage depending on access and financial capability to purchase health insurance.

While the public option provides core coverage and necessary medical and dental care, insurance is often purchased to cover “what if” scenarios. Most citizens make the choice to utilize the private option if it is available and they have the means to pay the premiums associated with private coverage. Availability and financial capability are driving points for most people to make a decision about health insurance. However it is important to assess potential usage and personal medical history. Do you get colds and need medical assistance on a consistent basis? Do you or a family member have a condition that requires yearly checkups and prescriptions? Do you have surgery scheduled for the coming year? Anticipating expenditures and usage will help the consumer make decisions about PHSP participation with a covered employer.