Health insurance, in this modern world of cancer,
heart disease, AIDS, diabetes, asthma, aging and
other diseases and afflictions, it is essential to
have some sort of health insurance.
There are many levels of health insurance coverage
available; unfortunately, like most things in life,
you get what you pay for, and good coverage can be
very expensive.
The Basic Terms for Health Insurance
the insurance, and deductible, which is your
out-of-pocket expense before the insurance pays your
provider.
For instance, you might pay $300 premium per month for
family health coverage, and your deductible might be $250 per
person, which means if you fell and broke your ankle
and went to the hospital emergency room, you would be
required to pay the first $250 of the bill.
You can purchase very basic catastrophic coverage,
which would carry a very high deductible and the
premium would be less than comprehensive coverage
which would have a higher premium and lower
deductible.
It pays to invest the time to investigate various health
insurance options, taking into consideration your age,
your general health and the health of your family
members.
Your employer may offer group health insurance, which
is most likely the least expensive option for you, and
usually the premium is deducted from your paycheck.
Health insurance is a calculated risk; can you afford
the premiums or are you willing to risk that you would
pay less out of pocket for medical expenses in a year
heart disease, AIDS, diabetes, asthma, aging and
other diseases and afflictions, it is essential to
have some sort of health insurance.
There are many levels of health insurance coverage
available; unfortunately, like most things in life,
you get what you pay for, and good coverage can be
very expensive.
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| Top 10 Health Insurance FAQs |
The Basic Terms for Health Insurance
The Two Most Common Terms - in referring to health
insurance are premium, which is the amount paid forthe insurance, and deductible, which is your
out-of-pocket expense before the insurance pays your
provider.
For instance, you might pay $300 premium per month for
family health coverage, and your deductible might be $250 per
person, which means if you fell and broke your ankle
and went to the hospital emergency room, you would be
required to pay the first $250 of the bill.
You can purchase very basic catastrophic coverage,
which would carry a very high deductible and the
premium would be less than comprehensive coverage
which would have a higher premium and lower
deductible.
It pays to invest the time to investigate various health
insurance options, taking into consideration your age,
your general health and the health of your family
members.
Your employer may offer group health insurance, which
is most likely the least expensive option for you, and
usually the premium is deducted from your paycheck.
Health insurance is a calculated risk; can you afford
the premiums or are you willing to risk that you would
pay less out of pocket for medical expenses in a year
than the premiums would cost? Consider carefully.
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