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About Health Insurance Policy

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    About Health Insurance Policy


    Health insurance will help you to manage the high costs of medical care. It can help you pay for doctor visits, hospital stays, drugs prescription and preventive care.

    It is possible to choose from a range of health insurance plans that fit your spending budget and have various levels of coverage depending on your needs.

    A health plan case study
    Let’s assum you have a serious accident. Your medical bills is $50,000. Your medical insurance plan makes an enormous difference in the sum you will pay.

    Small sample personal or employer health plan
    Yearly deductible: $5,000
    Coinsurance: 20%
    Annual out-of-pocket maximum: $6,000

    How it works
    In this case study, you spend the first $5,000 in medical expenses (your deductible) before your plan will start paying.
    After that, you are responsible for 20% of expenses till you get to the out-of-pocket-maximum. Basically, you only pay $2 of every $12 in covered costs till you reach the $6,000 out-of-pocket-maximum.
    Your health plan subsequently pays the remaining of your in-network covered expenses for the year, regardless of how high they are.

    What you will pay in this instance:
    Total $50,000
    You pay: $6,000 maximum
    Your health plan pays: $44,000

    #2
    Health insurance really helps because you will be entitled to free medical treatment.

    Comment


      #3
      Health Insurance will definitely save you in some ways by paying your premiuns in number of years it depends to your subscribed plan. It's a big help to avoid financial crisis.

      Comment


        #4
        You just have to make sure of the company. Do a background check, know how stable it is. If they are licensed, under Secrurities Commission depending on your country.So you wont regret. It's gonna be your savior and big help. Health Insurance is a MUST.

        Comment


          #5
          Thanks for sharing

          Comment


            #6
            Wow, this is incredibly helpful, will save this post for further reference. Thank you.

            Comment

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