Health insurance is the protection of an individual or a group against the financial loss resulting from ill health or illness or injury. Well, here comes a big question: how many people know about this and how many people have the health insurance?
Seriously, like other types of insurance, health insurance is also a general form of insurance that you don’t need until and unless you seriously NEED it. Health insurance won’t help you until you fall into the trap of the high medical bill. But if you think you are safe in the difficult period of your life, you should consider yourself as the suitable candidate for health insurance.
There are different types of health insurance policies, but almost all health insurance policies pay a fixed percentage of the costs for the policyholder. Below you will find a number of basic forms of health insurance:
The first is compensation plans. This plan allows the holder to get help when and where they need it. There are no restrictions when it comes to seeking medical help and there are no restrictions on the doctor either. You can simply choose your own general practitioner. But this plan is a bit more extensive than the others.
The next one is Confident/Uninsured. People without insurance and people who do have health insurance but have to pay 100% of the insurance premium.
In addition to these two types of insurance, there is another health insurance and that is Managed Care Plans. They are again of a number of different types. With one type, the policyholder pays a fixed amount per month, regardless of how much medical care he/she needs in a given month. There is another type in which a group of doctors and hospitals are created that provide medical services only to the policyholder.
So from all of the above, you can choose which one is best for you and your wallet. It is a time-consuming job to choose which one suits you best. But it’s the need of a lifetime, so we shouldn’t ignore it.