Perhaps you have recently changed jobs; your new job does not have an inclusive life/health insurance option, unlike your old one. Or maybe you have never bothered with life/health insurance? None of us are getting any younger; perhaps you have just married or even have a little one on the way. The truth is that it is always a good time to get some health insurance, whatever your age or marital status. This small guide will show you some of the options and a few reasons why this is a wise avenue to be taking.
Is it Simple?
Most things related to insurance seem very complicated, and they needn’t be. Let’s look at a guide to the main four categories of health plans for insurance.
Indemnity is the oldest form of health insurance; it will look after your basic needs but will come with a limit. If you need extensive surgery and the cost is very high; then the chances are that your indemnity policy will not cover you. It may well cover a percentage, please check the limits and options available to you when looking at this type of policy.
Health Maintenance Organization Insurance
With this type of coverage you will able to relax knowing that most of your health issues will be covered. But you will be restricted to hospitals and doctors that are connected to your health plan. The policy is not expensive and is a good option should you prefer it.
Preferred Provider Organization
This will also look after your health worries but you will need to make a small payment for every visit you make. You need to check the list of preferred providers; if they meet your approval than you should consider this option.
Point Of Service
The POS plan gives you more options in comparison to the already discussed possibilities. It can be operated much like the HMO plan; whereby you need to make a small payment for each visit. Or you can choose to treat the POS like an indemnity plan if you require a wider list of hospital and doctor choices.
This is a very important factor to be considered when looking at health insurance plans. You need to carefully read and compare the amount of emergency care that is catered for. Some plans will pay for all of the care; others will only foot the bill for fifty percent. Usually the cheaper plans will pay for a smaller percentage of emergency care. And let’s be honest, the emergency care was probably the main reason you are looking for a health plan in the first place.
Is There a Best Time To Get One?
The best time to get a health insurance plan is when you don’t actually think that you need one. You may feel very fit and healthy; you exercise regularly and do not smoke or drink. But you never know when something untoward may happen to you, or your loved ones. So please do not leave it too late, why not start looking straight away?