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Health Insurance Coverage - A Safety Net

Health Insurance Coverage - A Safety Net

Health Insurance Coverage

It is rightly said that health is wealth. Anybody can fall ill and with the cost of treatment being very high nowadays, health insurance is the best option. The amount of premium payable depends upon various factors like health, age, health policy etc. More and more people in the US have started opting for insurance plans that cover their health.

Whether you are a 17-year-old guy or a 50-year-old man, health insurance is very important. A person could get ill at any age, and it would be difficult for the family to spend huge amounts for treatment, so it is better to be risk free and insure your health. Health cover is unlike life insurance wherein the money is paid on death of the insured person. In health cover the treatment cost is fully managed by the insurance company. They pay the treatment fees to the hospitals directly and help you save your hard earned money. The premium payable depends upon the health cover that you have opted for.

There are different kinds of health insurance plans like Indemnity policy, Managed care and under this there are three main types: Preferred Provider Organizations, Health Maintenance Organizations, Point-of-Service plans.

Buying a health insurance plan is very easy nowadays. You can call a health insurance advisor or even email and ask about the various health insurance plans and select the one that would suit you best. The health insurance advisor can provide the best deals as he has the knowledge of all the insurance plans and could recommend a good one for you. The best and easiest way is getting quotes from two or three websites and comparing them and choosing the best one. Most of the websites provide free health insurance quotes online. The monthly premium payable, tenure etc is also provided.