Benefits and need for private health insurance

Any life prone to health risks would certainly have private insurance apart from the group and government insurance policies. Many countries offer discounted private health insurance rates and encourage citizens to have their own.

The advantages of having private health insurance over relying on Medicare and the public hospital system are:

  • You could enjoy luxuries like TV or telephone for entertainment when you are bedridden for many days.
  • The waiting time is shortened in case of calamities.
  • Immediate treatment and appointment with doctor is possible with private health insurance.
  • One can choose his own doctor. Many may want to have a family doctor for their ongoing and long-term.
  • You can request your own department at your own discretion.
  • Couples and singles should go for private insurance
  • More coverage
  • Low fee.

Who benefits most from private health insurance?

Sometimes certain issues are more beneficial to certain individuals than to others. In such a way, the most beneficial people of private health insurance,

  • Elderly people: Many situations, many relationships and almost the entire state of health go wrong in this stage of life.
  • Poor Health: Individuals who are health deficient from childhood can opt for this plan.
  • Athlete: Sports known with risks can pose a risk to your health. Private insurance would therefore be the most feasible.
  • High-risk activities: Besides sports, other work would have more affinity with danger to life. Eg. Persons who work with machines, chemical plants, asbestos factories and much more.
  • Couples without children could take out private health insurance, as this would be cheaper and more feasible during the in vitro treatment periods.
  • In addition, in vitro treatments are not successful in one go, but may take several attempts depending on the female quality. Therefore, private health insurance would be necessary to cover all such problems.

Public system vs private health insurance

While public health insurance is the best with many offers, they do not cover the great luxuries, accommodation, and urgent transportation and treatment costs in hospitals. It also does not cover optical, dental, physiotherapy treatments.

Private health insurance ensures control over one’s own emergency. Money would never stop people from working on things. His own desire to choose the hospital, doctors, application period and costs!

The role of the individual insurance market

The individual insurance market would play a greater role in McCain’s plan. His proposed changes to the tax code would encourage more people to buy their own coverage and allow them to buy insurance from companies in other states.

While this would increase choices for healthy people, allowing purchases across state lines would ultimately remove consumer protections that currently exist in some states, potentially limiting access for the elderly and those with health problems. McCain has proposed covering those with pre-existing conditions by expanding the state’s high-risk pools.

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Obama is proposing a National Health Insurance Exchange where small businesses, the self-employed and those without coverage can purchase a private or public plan, similar to the plan offered to members of Congress and federal employees.

Small businesses would qualify for tax credits to offset premium costs, and affordability for families would be ensured through premium assistance on a sliding scale based on income.

Insurers could not turn down applicants or charge higher premiums because of pre-existing conditions or other health risks.

Senator Obama proposes to build on the broadest risk pools in the system, strengthen employer-sponsored coverage, and expand Medicaid and the State Children’s Health Insurance Program while restoring the individual insurance market with consumer protections, benefit standards, and income-related premium assistance,” said Sara Collins, the report’s lead author and assistant vice president at The Commonwealth Fund.

Senator McCain’s plan would shift coverage from employers to the individual market.

allowing people to make their own insurance choices, but potentially making coverage unaffordable or unavailable to people who are older or have serious health risks.”