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Health
Insurance Overview
Just like other forms of insurance, for your
car and your home, health insurance helps relieve
the burden of unexpected events: you put away
a little in case you need a lot later. You and
your family's health should be of the highest
priority.
Every year, the cost of healthcare increases
dramatically. Simple same-day surgeries, required
tests and emergency attention can add up to
thousands of dollars or more.
The overall benefits of health
insurance are obvious. You won't be avoiding
the doctor because it costs too much. The hospital
bills won't be piling upon your desk waiting
for attention. Your health insurance will provide
the help and care you demand. Also, if you drive
a car, health insurance will work cooperatively
with your auto insurance in case of an accident.
There are many health insurance companies available,
offering various types of plans. We are capable
to get you the best plan and coverage to suit
your needs.
Using this comprehensive tutorial, you can
find out about different types of health
insurance, choosing a policy, and much more. |
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Health Insurance - Understanding The Basics |
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What is health insurance?
Simply put, health insurance
is protection against medical costs. A health
insurance policy is a contract between an insurer
and an individual or group, in which the insurer
agrees to provide specified health insurance at
an agreed-upon price (the premium). Depending
on your policy, your premium may be payable either
in a lump sum or in installments. Health insurance
usually provides either direct payment or reimbursement
for expenses associated with illnesses and injuries.
If your employer does not offer a health insurance
plan, you may wish to purchase health insurance
on your own.
Why do you need it?
Let's face it-- health insurance
is a necessity in today's world. The costs of
medical care and treatment have soared to new
heights in recent years and are expected to
rise even further in the years to come. Think
for a moment about the enormous medical costs
you would incur if you suffered a major injury
tomorrow or were suddenly stricken with a life-threatening
illness. Uninsured people live with such risk
every day of their lives; health insurance can
shield you from that risk. Even if you're healthy
today and have never had any major problems
in the past, you simply can't predict the future.
In addition to medical emergencies, routine
conditions requiring visits to a physician happen
all the time. This is especially true if you
have children. Ear infections, rashes, and high
fevers are commonplace with infants and children;
numerous trips to the doctor can be pretty expensive
without health insurance.
What do you need to know?
You should know where to get health insurance,
and understand the various types of private
health insurance that are available. There are
some important differences between indemnity
plans, HMOs, PPOs,
and POS plans worthy of
understanding.
You should also make every effort to understand
your own health insurance policy, and become
familiar with common health insurance provisions,
including limitations, exclusions, and riders.
It's important to know what your policy covers,
and what you'll have to pay for in out-of-pocket
expenses.
When comparing health insurance policies, you
should strive to balance coverage against cost.
While price is an important consideration, there
are also other factors that may influence your
decision when it come to choosing a health insurance
plan.
Understanding the taxation of health
insurance benefits and premiums is also
an important issue, especially if you're self-employed.
Being aware of your COBRA rights, in the event
that you lose your health insurance
coverage due to a change in employment or
other factors is also worth investigating.
When to get it?
If you don't have health insurance
right now, you should seriously consider purchasing
it as soon as possible. No one can predict the
future--you don't know when you might suffer
an accident or become seriously ill. Health
insurance can help to protect you against
financial ruin.
Please Note: The information contained in this
Web site is provided solely as a source of general
information and resource. It is a not a statement
of contract and coverage may not apply in all
areas or circumstances. For a complete description
of coverages, always read the insurance policy,
including all endorsements
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Free Health Insurance Quote offered through
Affiliate Program at Alabama, Alaska, Arizona,
Arkansas, Connecticut, Delaware, District of Columbia
(Washington DC), Florida, Georgia, Hawaii, Idaho,
Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana,
Maine, Maryland, Massachusetts, Michigan, Minnesota,
Mississippi, Missouri, Montana, Nebraska, Nevada,
New Hampshire, New Jersey, New Mexico, New York,
North Carolina, North Dakota, Ohio, Oklahoma,
Oregon, Pennsylvania, Rhode Island, South Carolina,
South Dakota, Tennessee, Texas, Utah, Vermont,
Virginia, Washington, West Virginia, Wisconsin,
and Wyoming. |
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