About Health Insurance Policy

Odunsi

Member
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
 
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Guest

Guest
Health insurance really helps because you will be entitled to free medical treatment.
 
G

Guest

Guest
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.
 
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Guest

Guest
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.
 

jhon paul

Member
Health insurance is a type of insurance policy designed to pay out the cost of medical treatment. It works on a similar way to any other type of insurance or annual premiums. If you have an illness or injuries health insurance can cover private treatment for pre-agreed conditions.
By using the health insurance policy you can cover different treatments like:
  1. In patients treatments like health checkup tests surgery
  2. cash benefit treatment takes place in an NHS ward facility
  3. usage of diagnostic equipment.
 
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