Health insurance is important in today's world, as it provides coverage for medication, visits to the doctor or ER, hospital stays and other medical expenses. It gives a person some form of financial support to meet the ever-growing health care needs that exist in today's society. It is estimated that millions of Americans have little to no health care, and are hard pressed to seek alternative health care solutions to cover the ever increasing medical care costs for tests, examinations, prescriptions drugs and other medicinal needs.
Basically health insurance protects you against expenses that can be incurred due to some form of illness.
Types Of Health Insurance
Broadly speaking, there are two types of health insurance.
* Reimbursement or indemnity type
* Managed care type
The basic difference between the two is that in the reimbursement type of health insurance you have the freedom to choose a doctor of your choice and have the insurance company take care of the bill. While in the managed care type insurance, the health insurance company has a panel of doctors/specialists and hospitals, you have to go and visit in case you have a medical problem.
Why Does One Need Health Insurance
We need health insurance simply because quality health care is very expensive in the U.S and we need protection against these high prices. By having health insurance, if you fall seriously ill or sick you can relax and worry less, because the health care insurance company will cover the costs.
a) The Right Insurance Provider: Choosing the ideal health insurance quote can be a big headache. Here's what you need to look for when choosing a health insurer.
b) Hospitalization: The first thing you need to keep in mind when choosing the right health insurance quote is hospitalization. You need to make sure that hospitalization is covered otherwise you will end up paying large bills for small visits to the ER.
c) Next work out your approximate annual medical expenses and check and see if the co-payments and monthly premiums are worth it. Also check the overall cost of the health care plan.
d) Also check the financial security of the health insurance company. Most health insurance companies have a rating system, ask your insurance agent about it. Also ask the health insurance company for references of previous and present policy holders. Speak to them and listen to what they have to say. If they have any complaints do not use them.
e) Furthermore check out the company's review process, it should be quick and accurate. Payments should be made on time and there should be a professional customer service center to answer your queries and respond to your problems.
f) Also check with your state insurance commission and see if the company your interested in has ever received any complaints or lawsuits.
g) When researching a company's health plan, also make sure that all the doctors on the health insurance company's panel are certified and there are plenty of specialists to choose from.
h) Make sure you also go over the part of the policy concerning urgent medical care and medical facilities while traveling. There should be a minimal difference in the cost of visiting a preferred provider and a non-preferred provider.
i) Lastly remember to choose a well-rounded rounded health care plan that covers all medical diseases and illness. Always make sure that you are going to be properly protected.
Once you have are satisfied with all the above answers, you can then go ahead and choose you health insurance provider.