Tips to Ensure You Get Affordable Health Insurance

Tips to Ensure You Get Affordable Health Insurance

Nowadays larger parts of our house hold expenses are spent for meeting the medical costs. The chances of us getting infected with a health disorder are very large and we cannot predict at what time a serious illness or an accident will affect our life. Human life is full of uncertainties and this is the reason why it is advisable to have health insurance coverage for all the members of our family. If we don’t have health insurance coverage, then it would be the greatest mistake that we commit in our life as we would have to spend some good money from our pockets to meet the medical expenses.

The reason why most people do not take health insurance coverage is that they are not able to meet the cost of an insurance product with their limited income. Affordable medical insurance is something that is most common nowadays. But it is an unfortunate fact that most of our people are unaware of the various affordable insurance options that they can choose for. Being unaware of these information’s means that they are not getting themselves insured and would suffer if any major health disorder happens to them.

Finding an affordable medical insurance is not a big task. There are many simple ways that you can make use of to save much of your insurance costs.

1. People who are engaged in profession that are very dangerous to their life would attract only less affordable rates. If you change your profession to another which does not expose you to hazards then the chances of you getting affordable rates are many.

2. You should choose yearly premium instead of monthly payment. Some people may think that these monthly payments are very comfortable. But if you want to save the cost, then you should … Read More

The Different Types of Health Insurance Plans

The Different Types of Health Insurance Plans

There are several different types of health insurance plans out there. When shopping for health coverage, it can get confusing. Each different policy is broken down to satisfy every individual’s needs. It’s important to understand that there isn’t just one type of policy out there.

Types of Health Insurance Plans

Major Medical – This is the most popular type of policy because of the well-rounded medical coverage. The insured pays a monthly premium in exchange for protection from major medical expenses and a small fee for doctor office or emergency room visits, called a copay.

Catastrophic – A catastrophic policy is designed to protect you from major losses. These policies have a larger deductible than your standard major medical policy ($10,000 or more) to keep monthly premium payments to a minimum. People typically buy this kind of policy if they don’t mind paying for minor medical costs but want protection if anything disastrous were to happen.

Indemnity – There are several different types of indemnity policies on the market. Indemnity plans have similar benefits to major medical policies but come with stronger limitations. These are sometimes selected by individuals as a more affordable option.

Guaranteed Issued – Most carriers require that your application gets reviewed by their underwriting department to determine whether or not you are insurable. Individuals with an extensive medical history or pre-existing conditions often do not pass their underwriting guidelines. A guaranteed issued policy will accept individuals with pre-existing conditions and is one of the last options for people who have been declined by other companies.

Discount Plans – There are many advertisements out there for discounts on medical services. This might sound like health insurance, but it’s not considered a real health insurance policy. You pay a monthly premium for a discount on your medical services. … Read More