Health Insurance
With growing facilities and the changing life style we are forced to get into the grip of so many diseases which leads to lot of expenses. If your employer does not provide health care benefits, the out of pocket expense for medical treatment can be too much for many people to pay. One option for those who realize that is Health Insurance Policy. There are different types of health insurance plan like catastrophic health insurance plan, disability insurance plan and health insurance for college students.
Catastropic health insurance is a plan with low monthly premium payments but highly deductibles. This plan includes hospital stays, surgery, x-ray and lab tests but doctor’s visit and prescription drugs would not be included. Most youngsters opt this plan because they are generally healthy in case of accident, injury, which would not require much doctor’s visit and prescribed drugs. Aged people opt for this plan to protect against major illness such as heart attack and cancer.
Disability Insurance provides coverage for occupational hazard that might cause to some unexpected accident while at work or the employee become sick. This insurance is provided to compensate for loss of income when he is not able to report for work, by which he can reduce the financial burden. The premium will be deducted from the pay.
One more plan is known as Health Insurance for college students which would vary from one institute to another. Although the consultation and check up is free and you have to bear the expenses like lab test and consulting specialists. If the services are available at the health centre, the insurance will cover the expenses but you have to pay from your pocket when the doctor is consulted outside the campus. If a student suffers from any pre-existing problem, the expenses should be borne by the student himself, even though it is treated inside the campus. During holidays also you might not get the coverage as your health insurance may not be active.
As medical expenses are rising, more people opt for health insurance plans. But it can’t be ruled out that there are several people unknowingly fall in the prey to scams. They are lured by the low premiums charged by the unauthorized companies. These companies squeeze money from the innocent victims and sell the fake plan over the phone. These companies will easily cheat the people those who have problem in affording insurance or do not actually eligible to take health insurance
It is very important to take a health insurance policy but beware of the scams before entering.
