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Joined: 17 Jul 2006
|Posted: Wed Jul 19, 2006 5:02 am Post subject: Health Insurance
|Are You Wondering If Health Insurance Would Have Helped?
The best thing in America is free health care. Health insurance is an
option that could provide you this. Given the way health care costs
risen; many families have gone bankrupt paying the bills for a sick
person in the family. Some are fortunate to have <a
medical insurance cover </a> either by the employer or have cover by
parents or relatives medical insurance policies others are not so
Well what do you want to choose; a health insurance policy that sounds
like a bad investment or paying all of the bills yourself. A quick look
at a health insurance policy seems like an unaffordable luxury unless
some one land up sick and you have to foot all the bills. Medical bills
can go way beyond the monthly premiums you pay. Looking at the big
picture and planning with that in mind is not a bad investment. If you
were to be injured in a car accident, insurance can come quite handy
the bills and even for the dent in the savings you face when you have
Thinking that doctor’s bills are measly when compared to the premium
will take you no where. Being prepared for the large expenditure means;
taking the right health insurance policy.
* A low copay or deductible would result in higher premiums. This
would also mean that your insurance pays every time the bill
exceeds the copay amount.
* A higher copay or deductible would result in lower premiums. Just
look at the maximum amount you would have to pay. If that is ok
then this policy is and ideal choice and would mean that unless
the bill is large the insurance would be paying for it.
If you have very little money then get an affordable plan so that you
would have to pay little money for the coverage. You would have to pay
for your routine visits to the doctor. This is a lot easier than having
to bear a hefty bill of the medical care costs. The plus points of
for regular routine check ups will avoid you going for a sudden
expensive treatment. You are regularly examined and thus you can avert
any major health happening and stay fit and healthy.
*Are there other options?*
If you are savvy enough with your money you could save money and get
deductions. Health savings account or HAS allows you to put back
a small amount into a dedicated bank account for health services. To
avail this plan you must be covered by a High Deductible Health Plan
(HDHP). The money you save on the premiums (in case you take another
plan) could be put into the health saving account (tax free) and you
could also get the High Deductible health plan as insurance against
unforeseen eventualities. This money saved is thus combined with an
insurance plan to maximize benefits.
Travel insurance and Group Health Insurance are options that you can
choose because this is the most likely scenarios when accidents happen.
When you travel or when a group is going on vacation or camps. This is
in case your cover by medical insurance is too less.
spam.spam gives info on health insurance, medical
insurance cover etc. It is a source of information that helps to
you and your dependants against any financial constraints arising on
account of a medical emergency.
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