insurance

What is managed care?

 

What is managed care?

The Bankrate.com financial term of the day is: "managed care."

Managed care is the catch-all term for health insurance plans that are all about controlling expenses. What's managed are the costs, through the use of a network of doctors, hospitals and other providers who agree to charge negotiated rates. Patients save by staying within the network.

HMOs and PPOs are part of the alphabet soup of managed care, a system geared toward the goal of providing quality and cost-effective health care.

To get a quote on a new insurance plan, visit the Insurance section at Bankrate.com.

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
advertisement
advertisement

Blog

Mitch Strohm

Auto loan rates for Monday, May 23

Be sure to shop around for the best rate on a car loan.  ... Read more


Connect with us