What is a health insurance
policy?
A health insurance policy is a contract between an insurer and an
individual or a group, in which the insurer agrees to provide
specified health insurance at an agreed-upon price the premium.
Depending on the policy, the premium may be payable either in a
lump sum or in instalments. Health insurance usually provides
either direct payment or reimbursements for expenses associated
with illnesses and injuries.
The cost and range of protection provided by the health insurance
will depend on the insurance provider and the particular policy
purchased. These days, most companies give the benefit of health
insurance to the employees. However, in case your employer does
not offer a health insurance plan, it is advisable to opt for a
health insurance scheme.
Why do you need health
insurance?
Health insurance has become a necessity in today’s world
considering the rise in the cost of medical care and treatment and
the huge population of the country. The escalating cost of medical
treatment today is beyond the reach of the common man. Even if an
individual is healthy and has never had any major problem, it is
not possible to predict what may happen in the future.
There is a growing public awareness for better health care and
desire to have better health care from private medical providers.
In case of a medical emergency, cost of hospital room, doctor’s
fees, medicines and related health services all add up to a huge
sum. In such times, health insurance provides the much needed
financial relief.
What
you need to know?
You should understand the policy, and become familiar with common
health insurance provisions, including limitations, exclusions,
and riders. It is very important to know what your policy covers
and what you have to pay yourself. Health Insurance policies
generally cover boarding, nursing and diagnostic expenses, which
include room rent charged at the hospital or nursing home, fees of
the surgeon, anesthetist, doctor, etc.
Some policies even offer fixed cash amount for each day you stay
at any hospital for treatment. If you have a persistent health
problem and then decide to take insurance, it might not be
covered. Expenses on hospitalization, incurred in the first 30
days after taking a policy are also not entitled, except in case
of an injury from accident. Treatment of certain diseases is not
covered during the first year of your policy. The list of diseases
may vary form one health policy to another.
Growing Stronger, Growing
Better
Global Health
Healthcare Provider
Selecting the right medical policy - treatment
of Selecting the right medical policy, Selecting the right medical policy
types, Disease medicines, Selecting the right medical policy symptoms,
Selecting the right medical policy and Disease symptoms, Selecting the right
medical policy symptoms Disease and diagnosis, Symptoms and Solutions, Signs
and Symptoms, type of Selecting the right medical policy, cause common,
common Selecting the right medical policy, Selecting the right medical
policy List, causes list, Infectious Selecting the right medical policy,
Causes, Diseases , Types, Prevention, Treatment and Facts, Selecting the
right medical policy information, Selecting the right medical policy:
Definition, Selecting the right medical policy names, medical Selecting the
right medical policy, medical Selecting the right medical policy and
disorders, cell Selecting the right medical policy, Selecting the right
medical policy Worldwide, Selecting the right medical policy Research,
Selecting the right medical policy Control, Selecting the right medical
policy Center, Digestive Selecting the right medical policy Week,
Information about Selecting the right medical policy, causes of different
Selecting the right medical policy, Selecting the right medical policy
Articles, Selecting the right medical policy and conditions, Health and
Selecting the right medical policy, Selecting the right medical policy
Patients, Selecting the right medical policy and Sciences, causes of
alzheimer's Selecting the right medical policy, Selecting the right medical
policy causes, alternative medicine heart Selecting the right medical
policy, body ailments, Selecting the right medical policy medicines, medical
antiques, type of blood Selecting the right medical policy