Health insurance is generally an insurance which covers a portion or all of a person’s risk involved in the provision of health care, spreading the entire risk over a number of insured persons. Most commonly, this type of insurance is used by individuals and families as a source of protection. When looking for health insurance policies, it is important to determine what type of insurance will best fit your situation. For individuals, health insurance can be purchased directly from an insurer, called a PPO. In order to participate in such a plan, one must have a health status that would qualify them for a particular health insurance plan. In addition, in order to keep the premiums low, many people choose to have group insurance.
Private health insurance companies are generally categorized into three types – government run, government backed, and private. Government run insurers are made up of numerous private health insurance companies, including HMOs (Preferred Provider Organizations), PPOs (Preferred Provider Organizations), and POSs (Point of Service) insurers. Government run insurers are generally less expensive than their private counterparts. On the other hand, they provide fewer services and have stricter guidelines. They also tend to deny coverage to people with pre-existing medical conditions.
Government run health insurance companies have set rates and coverage limits based on medical needs. If you visit their offices for a physical exam, check on your health status, and request a quote, you will receive a form that you need to complete and return to the office. Private insurers generally offer different coverage plans and premiums, depending on the medical history of the applicant. However, most private insurers usually have some coverage for pre-existing conditions. In addition, most private insurers often require proof of an applicant’s current health status. If the applicant has had a previous incident of pre-existing conditions, the insurance company may require further screening and/or offer a more expensive coverage plan.
When shopping for health insurance, it is best to be upfront about your medical history. Tell the insurance company if you have any major or minor illnesses or conditions, such as cancer, AIDS, diabetes, epilepsy, and cardiac conditions. Also, tell them if you are a smoker or if you drink heavily. The truth is that health care costs skyrocket for smokers because they are more prone to serious illnesses, and smokers are more likely to delay getting treatment when they are sick. This can result in the cost of health care coverage going out of control.
A major pre-existing condition means that you have a medical condition which is predicted to be present in the future. Major medical care coverage plans typically do not cover conditions that develop after the policy has been purchased. Therefore, all major medical care plans pay for major illnesses, such as cancer, HIV/AIDS, and diabetes.
Most health insurance plans available in the United States either require you to obtain emergency healthcare coverage or pay an annual deductible for covered medical procedures. Emergency healthcare coverage usually requires that you wait a set number of days before you seek treatment. The deductible amount will vary, depending on the healthcare plan you choose, from company to company. Monthly premiums for hospitalization and emergency healthcare are generally quite low compared to other types of policies. Learn and discover more about health insurance plan.
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