If you want to know what medical insurance is or what is health insurance and Its definition, Importance, and Types, then this article will help you a lot.
Because here I am going to tell you that there will be more knowledge in fewer words. So you read it carefully.
The one I am going to tell you is that –
- What is health insurance,
- Types of Insurance,
- Health insurance eligibility,
- Why it is so important?
- Health insurance benefits,
- Some important things to know before getting insurance, and
- The name of the world’s famous health insurance companies.
So let’s start –
What is Health Insurance?
This is a quite useful method. The use of which helps you when your health condition is poor and you are in dire need of money.
Whether it is the cost of surgical equipment, expenses for nurses, or any other hospital expenses.
Occasionally there is a time in every person’s life when he or his family has a poor health condition.
At the time when they need more money, the health insurance company gives them all the expense.
But in return, you have to deposit premiums under certain policies in that company, after which the company is willing to bear your expenses.
Such a company is like both private and government. You can choose which one is better for you.
Companies help you pay for the ambulance, nursing care, medical bill, treatment charges, and surgery bill.
To get these benefits you only have to do one thing and that is to choose any good policy plan from that health insurance company and you have to pay, which is called Premium deposit in the language of insurance.
After which all your healthcare goes to that health insurance company, the company you plan to purchase.
Which plan will be good for you depends on you, what you want.
This is why I said that some companies also give you money for regular check-ups from time to time.
You have to pay a premium according to plan, mostly premium is to be deposited annually and some monthly.
It totally depends on the policy.
But it is very important for us to have health insurance. As soon as I tell you, all your doubts will go away.
There are also many types of insurance, like –
- Accidental insurance,
- Car insurance,
- Home insurance,
- Marine insurance etc.
Types of Insurance –
- Personal health insurance –
It is known only by its name that it can only be done by an individual.
- Family Floater Health Insurance –
This plan contains all the members of the family, whether their age is low or more.
That is, this plan is best for a joint family, in which a maximum of 14 people can join.
But it relies solely on policy and plans that the company provides the service.
I have seen most people that they do not choose the family floater health insurance plan because they feel that more family members, that is, more money. But that does not happen, it depends on you what you want.
I want to tell you through an example –
If your family member has 4 members, then if you choose a plan of $1000 on one member, you will have to pay $5000 for 5 members. Which is a huge amount in a way, even smaller than the other.
It totally depends on you what you think.
- Senior Citizen Health Insurance –
By this name, you may have come to know that such insurance is only made for senior citizens.
This is beneficial for those who are retired or are about to retire.
Because after retirement many people increase the chances of getting many diseases, due to which the insurance company is asked to choose such a plan.
- Critical Illness Insurance Plans –
In this plan, the company provides assistance when your health is in critical condition. Like – helps in epidemics, or if you have a dangerous disease, like – cancer etc.
- Personal Accident Insurance –
This is also a kind of individual plan, whose policy helps you when your accident has happened (sorry to say so).
Health Insurance Eligibility –
Well, it does not have any special eligibility. Anyone can do it, whether it is a child, an old man, or a young man.
Health Insurance Benefits –
Its biggest benefit comes when your company has compromised a lot of hospitals.
This means that when your health condition is poor and you are admitting in a hospital, then the health insurance company you have in your policy, you get full financial support from that company.
The company gives the amount from medicine to the hospital bill. You do not have to pay any kind of bill.
That’s why whenever you join a policy, you must take this information about that company, that the company is connected to more and more hospital.
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Health Insurance Disadvantage –
Its just one drawback is that if you fix the premium for one year in it. And if your family members or you do not get sick then you do not give money to the company. And you have to renew it again next year.
Why It Is So Important?
When someone gets a small disease, hundreds of dollars are spent in it, but you think that if someone gets a major disease or accident, then how much will it cost?
And at that time you will not have the money, then at that time you only help medical insurance.
Some things to know before getting health insurance –
Before taking any policy you should thoroughly investigate it, then you should choose the plan.
Read without documentation, do not ever join the insurance plan, because there are some hidden things that you can not know and you make a mistake.
If you are going to take policy through agents then you should take full information from it. If you still do not believe in agents then you can search on online reviews, opinions, Quora etc. Find out about her rating.
Also, be sure that the company has already covered the insurance company or not. If yes then what was the process?
- What will be your last date of insurance?
- Does your company offer plan hospitalization, emergency hospitalization, and cashless hospitalization?
If You Think Wellness Is Expensive … Then Try The Illness.
List of Health Insurance Companies –
- Wellpoint Inc. Group
- Aetna Group
- HIP Insurance Group
- California Physicians’ Service
- Lifetime Healthcare Group
- Molina Healthcare Inc. Group
- Cigna Health Group
- Independence Blue Cross Group
- HCSC Group
- Blue Cross Blue Shield of Michigan Group
- WellCare Group ( Source )
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