– Health Insurance: Yay Or Nay
You might have heard about health insurance but, you’re probably not sure of it’s importance.
You might be contemplating on whether to go ahead with it or not…
Don’t worry, this article will surely help to clarify your thoughts.
WHAT IS HEALTH INSURANCE?
Health insurance is a contract or agreement that you make with an insurer to have pay some or all of your healthcare costs in exchange for a premium.
Simply put, Health insurance is a type of insurance coverage that pays for medical and surgical expenses incurred by the insured(you).
Having health insurance can keep you from incurring medical bills you can’t afford to pay out of pocket.
WHO NEEDS HEALTH INSURANCE?
Everyone needs health insurance; old, young, adult, infant, rich, middle-class, poor, unemployed, working-class… Everyone!
Health insurance can help with the costs of minor or major medical issues, including surgeries or treatment for life-threatening illnesses.
HOW DOES ONE GET HEALTH INSURANCE?
Some employers offer health insurance as part of an employee benefits package.
In the U.S and other foreign countries, you can also purchase health insurance through the Health Insurance Marketplace.
Also, certain individuals may qualify for health insurance coverage through Medicaid or Medicare programs.
HOW DOES HEALTH INSURANCE WORK?
Health insurance can be somewhat tricky to follow through. Some care insurance plans require policyholders to receive care from designated healthcare providers.If patients seek care outside the network, they must pay a higher percentage of the cost.
Many managed care plans require patients to choose a primary care physician or a doctor who oversees the patient’s care, makes recommendations about treatment, and provides referrals for medical specialists.
Insurance companies may also deny provision for certain services that were obtained without preauthorization.
All these rules should be stated in the material provided by the insurance company and should be carefully reviewed.
It’s worth checking with employers or the company directly before incurring a major expense.
Insurance plans with higher out-of-pocket costs generally have smaller monthly premiums than plans with low deductibles.
When shopping for plans, individuals must weigh the benefits of lower monthly costs against the potential risk of large out-of-pocket expenses in the case of a major illness or accident.
So, you see it is essential for any and everyone to be insured health wise.
What are you waiting for?
Hurry up and get insured today…
Learn more today…… Telegram