Health insurance is actually an agreement between an individual and the insurance company. Health insurance plan is a way to insure your and your family’s health under a certain amount of money. Well, there are many people who think that health insurance is not at all necessary because they don’t have a medical condition or any insurance requirement or just because they simply cannot afford any insurance. But sudden accidents don’t take place following a proper notice.
Health insurance covers compressive health insurance, compare policies, personal accidents, heal claim, health plan renewal, health advantage plus and many more. In other words, health insurance takes care of all the health care bills of a person including all illness, accidents and surgeries. There are different types of health insurance like individual health plan, group plan, employee health insurance, Medicare, Medicaid etc. But you have to choose your plan according to your needs.
Parameters to choose your health insurance: There are mainly two types of health insurance policies: individual and group. However the three most important factors to choose a particular health insurance plan are:
The age of all the family members: The more you grow older, the more the needs of health insurance increase. If there is any elderly person in your family, it is wise to take a family plan. Moreover, family plans are cheaper than individual plans.
Health condition history of all the family members: In this, you have to consider all the past and recent chronic conditions. If there are more than one person, who have bad health records, then it is advisable to go for family insurance. Otherwise, the members who have to move outside regularly, should consider individual plans.
Your budget: Always think ahead before going for any plan. Expensive plans may cover everything, but you may not need all these. Premiums can be paid off monthly, quarterly as well as annually. If you want to avoid any unpleasant situation to pay the premiums off regularly, then always think about your abilities first.
However, the main purpose of taking up a health insurance is to cover all health related costs from doctor visits to surgery; from medical tests and procedures to hospital stays. If budget and monetary ability are the main concern, there are many ways, with which you can find cheap health insurance easily. Three ways to get cheap health plans are:
Shop around: Don’t get tempted by a new offer. Firstly, shop around. Website and physical offices- these are two basic sources available.
Compare rate: Always compare the insurance prices and their coverage. While comparing the rates, you have to decide between higher co-pay and higher deductable.
Improve your health condition: The insurance rate always depends upon the health conditions of the insured person. The less health risk you have, the cheaper your insurance rate can be. If you can improve your health conditions by quitting drinking, smoking, or by shedding away some kilos, this will surely reflect on your insurance rate.
There are many health insurance policies out there, but you have to choose according to your requirements and abilities.