Health Insurance is the Need of an Hour

If you consider a health insurance you would find that it is almost similar to any other insurance policy but the only difference is in health insurance people actually try to get all the medical expenses which they may have to pay in future. There are number of companies which offer health insurance plans or policies.

One can get health insurance policy which have been made available to people or citizens by the private companies and also one can choose a government firm to buy a health insurance. Basically the profit which government earns from the health insurance business is usually given to non profit firms which are operated by the government.

Basically the health insurance is of two types – the first type of health insurance is health insurance of an individual and the second type is health insurance of the group. The group insurance is made to facilitate the people who are running big companies and through group insurance they help their employees if any unforeseen situation occurs. And in exchange of that the government provides that businessman or entrepreneur little relaxation in the annual taxes which he or she pays to them.

Following are the few things which one should know before buying any health insurance policy:

The very first thing which one should know is the premium of the policy which he or she would pay monthly or annually. This is an amount of money which has to be paid by the policy holder to the policy provider in order to keep his or her health insurance policy intact. It is basically pain on annual or monthly or quarterly basis. And it is highly dependent on the deductibles and the number of co-payments you do.

The second thing which one should know before buying any health insurance policy is the deductible. This amount has to be paid by the policy holder as well. For example if a person has to pay one thousand dollars annually as his or her health insurance premium then there would be some amount which they have to pay extra from their pocket in order to get full cover. 

The third and very important thing which one should know before investing in any health insurance policy is the co-payment. Policy holder also pays this amount. But this amount is paid much before the policy provider starts providing you with the money for your medical bills and other medical expenses. For example, the policy holder is required to pay $60 dollar to the doctor or when they are obtaining prescription. This co-payment will be done each time they acquire the service.

Co-insurance: Besides paying for the co-payment, an insurer may be also required to pay a certain amount of money as co-insurance. This is a percentage of the total cost of the policy holder. For example an insurer is required to may 30% as co-insurance. At this stage if they undergo any surgery they will pay 30 % of the cost while the insurance company will pay 70 percent. It is over and above the cost of the co-payment.

Exclusions: All different services under the medical service which are not covered under any single insurance policy are exclusion. At this stage, the insurer has to pay the full cost of the service.

Coverage limits: Certain insurance companies pay for a particular service only to a particular dollar amount. The excess charge is paid by the policy holder. Certain companies even engage this limitation to the annual charge coverage or to lifetime charge coverage. The beneficiaries are not paid if the service charge exceeds the mentioned limit.

Out-of-pocket maximums: This is similar to coverage limit, but in this case the insurer's out of the pocket limits ends, instead of the insurance provider's limits. Insurance company pays the remaining charge.

Capitation: Capitation is the amount paid by the policy holder to the policy provider in exchange of which the policy provider agrees to cover all the expenses of the insurer's member.

Article Tags: Health Insurance Policy, Should Know Before, Health Insurance, Insurance Policy, Should Know, Know Before, Thing Which, Policy Holder, Policy Provider

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ABOUT THE AUTHOR

Get instant insurance rates from multiple carriers online. Free comparison for cheap auto, low cost health insurance, affordable home insurance quotes. We are dedicated to helping  consumers find the most affordable and competitive home insurance on  the web.

Secure Your Health with Health Insurance Plans

Insurance is protection against any loss. Several types of Insurances are available in market like Auto insurance, Health insurance. Health insurance policies pay for your all medical expenses. These insurance bodily covers long term nursing or any disabilities. 

Health insurances are provided by government sectors or by private companies. These health policies are available on basis of group or can be purchased for individuals too. These policies protect you from high and unexpected expenses.

Idea of health insurance was first purposed by Elder Chamberlen in 1694. Firstly it was just for diseases. But at the start 19th century accidental insurance is also added to medical insurance. This insurance adds insurance facility for permanent disabilities. Actually this model started in 20th century. Most of health insurances cover cost of routine checkups, emergencies and most of the drugs. But it’s not always the same case. Different health insurances have their different conditions and terms.

Health insurance plans are designed in such a way that it can suit your expenses and easy to purchase. These insurance plans will protect you from costs as well as provide you wellness without any tension of payment of doctor bills. There are many health insurance plans provided by different hospitals or other organizations to suit your premium and your need. 

Two types of health insurance plans are available: -

1.    Comprehensive health insurance plans: - These plans will provide you a percentage of your total medical expense. These plans are very costly but they cover nearly total expense. 

2.    Scheduled health insurance plans: - These plans are not so expensive, so these are common in peoples. But have limited benefits. These plans are not so effective. They don’t give you all medical expenses. They give you maximum fixed amount of medical benefit.

Health insurance companies first checks the previous health record of person and current records too like smoking and drinking habits, weight or does he had any treatment done for any long term diseases. So they give them health insurance packages to choose according to that reports like a person having serious health issues have to buy comprehensive plans. This is called adverse selection. They also give discounts if person leaves smoking and stays healthy for long time. Other factors like lifestyle, high-price technologies, advance medical technology, age, drinking and smoking habits etc. also affect the health insurance cost. Some of the countries have made health insurance plans compulsory for every citizen.

Article Tags: Health Insurance Plans, Health Insurance, Insurance Plans, Health Insurances, These Plans

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ABOUT THE AUTHOR

Get instant insurance rates from multiple carriers online. Free comparison for cheap auto, low cost health insurance, affordable home insurance quotes. We are dedicated to helping  consumers find the most affordable and competitive home insurance on  the web.

Why Assurant Health is your best choice for Health Insurance?

With all the health insurance options that are available today you might be wondering which company is right for me. Most of us purchase health insurance based on impulse. We look at the next TV ad or some mailer that we got. The reason I can say that is because I’ve been in health insurance industry as insurance broker for over a decade. I will share with you things you should look for when shopping for health insurance. Also I will share with you a company which offers best 
options you can possibly get in health insurance coverage.

The reality is most of us are educated by insurance companies on what to look for in health insurance coverage. We are misled in looking for featured in coverage that insurance companies tell us we should look for. We go to insurance company’s websites to educate our self about insurance, which is completely absurd. I can reassure you that insurance companies are not going to tell you on what you truly should be looking for. I bet if I was going to ask you what to look for in health insurance coverage you might tell me things like; Deductible, co-pays, low monthly premiums. Well…. Maybe. Let ask our self’s on why do we have health insurance coverage in the first place? To protect our self from large unexpected medical bills. That would be a true statement that is what insurance is intended to do.

There is more to health insurance plans and companies than you ever thought. Let me ask you this question… If god forbid critical emergency did happen to you and you required a specialist, would you would to have access to the best specialist in the world or some local doctor? There are literally millions of people die every year because they did not have access to the specialist. Most presidents of the United States if ever required a specialist were taken to Mayo Clinic. Mayo Clinic is a world class hospital known around the world as the best medical facility for major illnesses and accidents. Do you think your insurance company will let you get treatment at Mayo Clinic? The answer is absolutely not, not a chance. What if you were in a car accident and there decision had to be made where your leg had to be cut of because the place that you were treated at did not have the right specialist to reconstruct the leg and your health insurance company was not willing to pay for reconstruction surgery at a facility like Moyo Clinic. Well at least you know you saved couple of buck on your health insurance that you called from one-eight hundred number that you saw on that TV commercial. The coverage that I wanted to share with you is offered by not yet very known insurance company. The company itself has been around longer than any other health insurance company in the world. They have been in business since 1892 and the name is Fortis. Fortis in early 2006 was the 26th largest company in the world. The health insurance is marketed under name of Assurant Health. Assurant Health is know a quality company that provides health insurance to families, self-employed, individuals, small businesses and large businesses. Assurant Health has a slogan that goes like this “Our Health Plan is Based on Yours”. Why Assurant Health is so much better that anything that is available on health insurance market today.

Assurant Health has easy and flexible portfolio of plans to choose from. Also every plan that Assurant Health offers is customizable. Some plans lets you choose how many doctor visits you want the insurance company to pay for. How much of a co-pay do you want to have. Every option that you ad or delete, accordingly lowers or increases your monthly premium. For example for someone like me who is healthy and has not been to a doctor for over five years and do not have coverage for doctor visits and save myself almost one hundred dollars per month. Considering that average doctor visit is sixty five dollars. That means over five years I saved myself almost six thousand dollars. As we discussed earlier let take a look at what is truly important in health insurance coverage. First I am going to mention options that Assurant Health Plans offer that other companies do not. If you think it is not the case with your coverage just stop reading this because it will be just waist of your time. I’ve been in the industry long enough to tell you how plans work. If you think you know how your plans work than obviously you are the expert and you should stop reading this article. Options that Assurant Plans Include that your plan does not.

Worldwide coverage, 24 hours a day.

It doesn’t matter whether you’re nearby or Far from home-you’re covered.

Initial rate guarantees-up to 36 months available.

You’ll lock in your premium rate for at least the first 12 month. With many deductibles you have a 24-month rate guarantee-and the option to extend it to a full 36 month! Lifetime benefit maximum options up to $8 million You choose the amount of protection you want.

Your choice of doctors and hospitals You’ll have access to some of the largest and best preferred provider (PPO) networks in the nation.

No referrals necessary to see a specialist You don’t have to jump through hoops when you need a specialist’s care-simply make an appointment.

Single deductible for accidents.

In the event there’s an accident involving more than one person in your family you’ll pay only one deductible.

No limit on Intensive Care Unit (ICU) With no daily dollar limit when confined in an ICU, you’ll have the peace of mind you need at a critical time.

Healthy Discount Available in most states, Healthy Discount rewards you for maintaining your good health by providing 10% off your renewal rates.

Some of these benefits will not make any sense and I can share story after story how not having even one of those benefits could cause tragic consequences to you or your family. Assurant Health is your number one most reliable and most affordable choice for health insurance. For more information on Assurant Health Plans visit http://www.AssurantHealthCoverage.com

Article Tags: Health Insurance Coverage, Assurant Health, Insurance Companies, Health Insurance,Insurance Coverage, Have Access, Insurance Company

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ABOUT THE AUTHOR

Dennis Alexander – Is leading online authority on consumer health insurance education. He dedicated year of research and educating families, individuals and small business owners and their health insurance options. Currently he is active insurance agent and consultant in State of California and maintains website for Health Insurance at http://www.HealthCoverageQuotes.com.