Health insurance is an insurance plan in which the insurer is liable
to pay medical cost of the insured person in case the latter meets with
a medical emergency. The insurance company can be a government agency
or a private organization.
A Health Insurance Company is
always there to help you and your family at times of fiscal distress
when you are physically unwell. Insurance policy comes in four
essential types. However, you are to choose the one best suited to your
needs.
The four different health insurance policies include
individual medical coverage, medical supplement insurance, Medicare and
disability insurance. You have to consider many things before deciding
which insurance policy you would choose to suffice all your medical
expenses. You must also decide the amount of coverage you require.
In
your professional area, if you are to receive health insurance through
your employer, you should make sure the amount of coverage you are to
receive in terms of health care.
The points you should clarify before going for a health insurance policy:
Does your policy only cover accidents in the working area
Will the policy cover the cost of transplants or long term care
Does your insurance policy cover pre-existing conditions, chronic or life threatening conditions
How much cash will the policy shell out before it is considered at its limit
What amount of coverage will your insurance policy provide for all the members of your family
Some
people are extremely reluctant in going for health insurance policies.
Some people are however of the opinion that they cannot go for an
insurance policy because they don’t have enough money to expend for
such stuffs. However, the government has turned up with several
economical health-related insurance policies to suit the financial
capacity of people coming from all sorts of financial backgrounds. Such
insurance plans are cheaper in comparison to several private plans.
Health
insurance comes with two essential options. First, you can opt for
“fee-for-service” policy in which case you are free to consult with
your preferred medical practitioner. This policy is a bit expensive to
meet your necessities. The other insurance option is the managed care.
This is comparatively a more limiting policy and here you have to go to
the medical practitioner recommended by the company. It costs less but
at the same time curbs your preferences.
Tips to follow while buying a health insurance policy
What
policies will you avoid – You need to stay careful in case of “hospital
indemnity policies” and “dread disease policy”. One tends to cost you
more whereas the other do not provide sufficient coverage to meet with
all your medical expenses
You need to have a perfect
understanding of the law – When you plan to create your own insurance
policy you need to do some research work to have an idea about the need
you have to meet. Only a better understanding enables you to choose
perfectly
Dealing with small businesses – If small
businesses feel that it is not easy for them to find good coverage from
the insurers they prefer to go to the state department of health
insurance to gather essential information about small insurance group
health providers in that particular locality
Employees
Options – In case of employers providing insurance provisions not all
employees enjoy the facility of choosing their preferred insurance
plan. They have to accept what is being provided to them
In
today’s world, we all fight for our existence and to exist we have to
stay healthy with lots of vigor and energy. In short, an apposite
health insurance policy is the key to the secret of a healthy
existence.