Health Insurance A Necessity Of Life

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Not everything in life goes smoothly or as we expect it to. That is why it is important that we should always be careful. Insurance of any kind is important to cover up for the uncertainties that may occur in future.

However the insurance that is most important to have is the  health  insurance as we can afford not to have the other insurances but the absence of  health  insurance can prove to be fatal not only for us but also for people around us as well.

There are different types of  health  insurance policies person who wants to get insured can choose the policy suits them the best. The two main types of policies are

1. Free – for – service insurance also known as indemnity insurance this is a traditional type of  health  insurance that pays the portion of each medical service you get like doctor’s visit and hospital stays while you pay the remaining costs. Premiums are higher than the other policies.

2. Managed care plans also known as HMO’s ( health  management organizations) or PPO’s (preferred provider organization). In this case the  health  insurance company has a contract with doctors and hospitals to provide you service. In this type of  health  insurance you pay monthly premiums and a small amount per visit called co pay. You can use the advice of other doctors as well by paying a higher amount of co pay.

The best way to go in for the  health  insurance is through a broker. You can choose your broker depending upon your requirements. A broker can get you a good  health  insurance policy as well as give you information on several key features of the policy in general. Like:

o What is the monthly premium?

o Is the policy guaranteed renewable/non cancelable or just guaranteed renewable?

o Are premium rates based on age of attaining the policy or using the features of policy?

o Does the plan pay for catastrophic medical costs?

You can answers to all the questions and more if you take the help of the brokers in your  health  insurance policies.

The  health  insurance organizations offer you different deductibles with larger the deductible the lower the monthly installments. You can choose a deductible of 50% to 80%. It all depends on your conditions.

Individuals with pre existing conditions for example, they have a  health  problem before going in for  health  insurance find it difficult to get  health  insurance coverage. However depending on your state you can choose any of the following policies. They are: open enrollment,  health  insurance provability and accountability act (HIPAA), high risk pools or temporary coverage.

The borrowers can choose from the myriad of resources that deal in  health  insurance.

Life is uncertain that’s why it is essential that we have insurances with us and every member of our family to live life with a reasonable amount of certainty. Also  health  insurance has plenty of features which help us in times that we feel a little vulnerable. So it is important that we go for a policy of  health  insurance.


Source by Roland Gary Jones



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