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Both individual health and dental insurance plans have confusing, yet important, abbreviations.

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

Below is an explanation of each to help you learn the things you need to know about individual he

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

alth and dental insurance plans.

Health Maintenance Organization (HMO): An HMO is a health insur

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

nce plan that allows you to choose a primary care physician who will act as your “go between” in

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

the event you need to see a medical specialist outside of your primary care physician’s field. I

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

f you have an HMO health insurance plan, you “prepay” for services rather than pay a deductible.

ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

Preferred Provider Organization (PPO): PPOs are available with both individual health insurance

easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi

plans and dental insurance plans. Like an HMO, a PPO lets you choose your doctor or dentist with

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

in a particular network. Unlike an HMO, you only pay for the services you are given by the docto

and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ

or dentist.

Point of Service (POS): A POS is a health insurance plan that combines features fr

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

om HMOs and PPOs. Like an HMO, there is usually no deductible, low co-pay, and a primary care ph

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

ysician. Like a POS, you’re allowed to go out of the network of doctors, in which case you’ll pa

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

a deductible and possibly higher co-pay.

Indemnity Plan (IP): The IP is a very popular dental

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

insurance plan. Coverage is limited, but you usually have the option of choosing your own dentis

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

t, which actually helps you save money.

Dental Health Maintenance Organization (DHMO): After pa

t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel

ing one annual premium, a DHMO guarantees a certain number of visits, though it doesn’t allow you

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

to choose your dentist.

Dental Discount Plan (DDP): Although a DDP isn’t a traditional dental h

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

ealth insurance plan, you can get discounts from dentists who agree to participate in the plan. T

.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de

ere’s no limit and you choose your own dentist.

Rather than let abbreviations complicate things,

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

learn the meanings to easier find the right individual health and dental insurance plans for you

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

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Do you prepare your own income tax return to save money on preparation? If you do, or you are planning on using this method on your next return, there are some things that you should know that will help you to avoid making costly income tax errors. Errors that can cost you some of your refund or that can cost you in time having to amend your return and send it in again.

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