The Pros and Cons of Using a Preferred Provider Service
If you make a claim on your health insurance, your claim will only be successful if your health insurance provider recognises the provider you have decided to use. When an insurance provider recognises a provider, they will often have arrangements for payment which can help to reduce the cost of treatment. A preferred provider service offers a number of benefits and disadvantages compared to other healthcare options. Below is a guide to everything you need to know.
The benefits of using a preferred provider
You can save money
If you opt to use a preferred provider, you will often be able to reduce the cost of your treatment. This is because preferred providers are often dentist, doctors and other health professionals who linked to the insurance company.
You can secure a higher rebate
When dealing with a preferred provider, you can be safe in the knowledge the rebate promised to you in the agreement will be supplied to you. This is because the agreement which the provider has with the insurance company. Furthermore, it is likely that the rebate you have secured from a preferred provider will be higher than the rebate you would receive from a non-preferred healthcare provider. When a provider doesn't have a direct agreement with an insurance company, you may find that the rebate which they advertise may not be the one you are awarded when the bill arrives.
You can enjoy a faster claim
Because a preferred provider has a relationship with the insurance company, your claim should be processed at a greater speed after your treatment. When recovering from an operation or other medical treatment, the knowledge that the insurance can be settled quickly can reduce stress and aid your recovery.
The disadvantages of using a preferred provider
You may not have a wide range of choice
Because the number of preferred providers is limited, you may not have a wide range of choice when it comes to choosing a healthcare provider.
You may not have continuity of care
If you need to switch from your current doctor or dentist to a practice which is a preferred provider you will lose the continuity of care. Continuity of care occurs when you see the same health professional over an extended period of time, and it is a key factor when it comes to receiving high-quality healthcare.
If you would like to find out more, you should contact a company which deals with preferred providers.
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