You have heard this in the past; accidents do occur. Maybe you haven’t paid much attention to this before, but there is a lot of truth in this often cited statement. Haven said that, it is important to always have good health insurance, because without it, you may be placing yourself in serious financial trouble. Below, we offer short summaries to help you understand the types of coverage available so that you are not surprised by an unfortunate situation that may cost you and your family in the next few years. General health insurance deals with the different types of insurance plans. These vary from plans that insure the costs of doctors and hospital bills to those that take care of specific needs, such as the need to make payment for health care, in the long term. Also disability insurance – a replacement for lost wages if you cannot work because of accident or illness- is considered as health insurance, although not particularly for medical costs.
Meanwhile, when the subject matter is centered around health insurance, it is usually focused on the kind of insurance provided to employees by their employers. This is the type that insures medical expenses, surgery and hospital expenses and is often referred to as “Abundant” or “Major Medical” health insurance. When the dialogue turns to more general health care coverage, you are more likely to hear terms such as “Fee for Service” or “Managed Care.” In addition, you will probably hear about certain types of treatment plans administered. They range from health maintenance organizations or health plans to Preferred Provider Organizations or “PPOs” and point of service plans or “POS”. Although the remunerated and managed service plans differ in significant ways, in a way, they are parallel. For example, both cover a variety of medical, surgical and hospital expenses, while most offer some coverage for prescribed medications, and some include insurance for dentists and other health care providers. However, there are many vital discrepancies that will make one or another form of insurance more appropriate for you and possibly for your family.
Coverage for a group is typically offered by many companies, although unions, professional associations and other organizations also offer it. Group health insurance, as an employee benefit, has various rewards. A lot – though not the entire cost is often absorbed by an employer, since the award overhead is generally lower due to group buying in large groups. In this area, when you enroll when you become eligible to cover, you probably will not be asked to prove it is safe. (Enrollment usually occurs when you take a job for the first time and often during a certain period each year, which is called “Open Enrollment”). Some companies even offer their employees a choice of paid and managed service plans. In addition, some group plans also offer dental insurance along with doctors. Short-term health insurance. Temporary health insurance is generally a short-term medical plan, at reasonable prices, intended for healthy people who, in the interim, do not have health insurance. It can take effect already the following day after the inscription. It can be purchased for periods of up to 30 days or up to 180 days, and is usually paid in a single payment or in monthly payments.