Posts Tagged ‘Health Insurance’

Points to Consider While Shopping for Health Insurance

December 1, 2009

Your lifestyle will affect the cost of your insurance coverage – if you smoke, are overweight, or have an otherwise unhealthy lifestyle, your insurance costs will be higher. Pre-existing medical conditions will also increase the cost of your insurance coverage.

Most plans cover normal medical expenses – but before signing anything, think about what other services you and your family are likely to need, and if the plans you’re considering cover those needs. This is where it pays to know about the medical history of your relatives, so that you can make decisions based upon what types of medical conditions might run in the family.

If you require specialist care, make sure your plan covers it.

Emergency care – usually a referral from your doctor is a prerequisite of emergency medical care. Some health insurance policies won’t pay for weekend hospital visits unless you are referred by your doctor, and some will require that you wait until a weekday if it’s not a matter of life and death. Check out these types of details before making a commitment.

Prescriptions – think about what prescriptions you currently need and what you may require in the future. Insurance plans vary as to the percentage you are required to pay on prescriptions, and some charge a flat fee rather than a percentage.

Supplemental insurance – dental insurance and chronic or acute illnesses such as cancer are not usually covered by normal health insurance. Dental insurance is usually covered by an entirely separate policy. Diseases such as cancer, or critical conditions such as heart attack or stroke, can quickly become expensive, and supplemental insurance is designed to kick in when regular health coverage is exhausted.


Health Insurance A Necessity of Life

November 10, 2009

Health is the biggest and most crucial asset of every living being. A health insurance policy is meant to financially assist you in case there occurs a setback to your health. The insurer may be a private organization or a government agency. In a health policy, coinsurance refers to the percentage of the medical bills that the insured individual will have to pay after the deductible is met. There are different types of health insurance but mainly all the health insurance pays a fixed percentage of the expenses for the policy holders bill. There are several means by which an individual can get health insurance. A person may pay for his or her own insurance. A person may receive health insurance as part of an employment package. A person may receive health insurance through local or Federal programs. In many instances, there can be a combining of the premiums paid. What that means is that, for example, an employer might pay a certain amount of the medical insurance premium and the employee pays the remainder of the premium, usually through payroll deduction. In other cases, an employer or government entity may pay the full amount of the premium. As with all types of insurance, health insurance comes in many forms and is available at differing levels of coverage. The best case scenario would be if an employer paid the full amount of the monthly premiums and there were no co-pays or deductibles charged to the patient. This type of coverage is rare, however, unless you are extremely well placed in a company or you are living below the poverty line. Most consumers will be in a co-pay system of health insurance wherein they are responsible for a certain amount of the bill and the insurance company will pay the rest. As you might imagine, there are many different levels of coverage in these arrangements as well.

Worried About Your Future Medical-Needs? Buy Health Insurance

October 28, 2009

Having a health insurance will lessen your worries of future dilemmas on thinking of how to pay your hospital bills. The health insurance company then is obliged to cover up your bills depending upon what was agreed. Some health insurance plan provides a whole coverage of all your hospital expenses. Others depend on the contract you have signed. There are many different types of health insurance and generally the main ones which people choose are individual and family insurance.

Individual insurance is ideal if you live on your own or if your family members already have health insurance. Unfortunately if you are buying outside of a company, you will end up paying a higher insurance rate. Family insurance on the other hand is a little cheaper, though it is still quite expensive for some. It does allow coverage for the whole family though which can really be a huge weight off your shoulders. If you had to take individual health insurance out for each family member it would cost a fortune so specially designed family insurance is definitely worth paying for!

If you are self employed there is also a special health insurance plan for you too. However, once again it is generally quite expensive so not everybody finds that they can afford it. The thing that you really have to ask yourself though, is can you afford it if you had an accident? If the answer is no then health insurance is generally a good thing to have.

There are some good value plans out there; it is just a matter of finding them. If you have a chronic illness then health insurance may well be handy for you, though bear in mind that the insurance rates will be extremely high. This is because insurance companies want to ensure that they do not have to pay out loads of money to somebody who is paying low insurance rates. So, be prepared to pay that little bit extra if you do currently have health problems.