Know Health Insurance to Get Your Medical Expenses Covered
What Is Health Insurance? Health Insurance is a financial product in which the insured pays a monthly and the insurer takes care of medical expenses if the policyholder falls ill or meets an accident. Why Should You have a Health Insurance Policy? Benefits of having a health insurance plan: Medical Coverage: Health insurance policies provide a cover for all pre- and post-hospitalization expenses of insured, in case the insured needs medical attention. Healthy Future: These policies provide a healthy future to buyers by providing affordable healthcare services to the insured and their families. Tax Relief: Govt. offers different schemes that may provide a tax relief on the gross income earned by the policyholder. Types of Health Insurance Health Insurance offers a range of policies including: • Group Health Insurance • Individual Health Insurance Group Health Insurance Group Health Insurance policies are offered to a group of people usually by an employer to their employees at affordable monthly premiums. Individual Health Insurance Individual health Insurance policies provide medical coverage to self-employed, unemployed or those who want a specifically tailored insurance for them. Types of Health Plans Generally, health Insurance offers a range of plans that are: • Bronze Plan • Silver Plan • Gold Plan • Platinum Plan Bronze Health Plan Under the Bronze health plan, the insurance provider covers 60 percent of your medical and surgical expenses and you need to pay for the rest. This plan is suitable for people with very sound health condition but having less money. Silver Health Plan Under the Silver health plan, the insurance provider pays for 70 percent of your medical and surgical expenses and you have to take care of the rest amount. This plan is suitable for people with good health condition having little money. Gold Health Plan Gold health plan is one step ahead of both bronze and silver plan and takes care of 80 percent of your medical and surgical expenses and you need to pay for the rest 20 percent. This plan is suggested for people in vulnerable health condition having some money. Platinum Health Plan The Platinum health plan is a bit expensive but and it’s most comprehensive of all. Here, the insurer covers the 90 percent of your medical and surgical expenses and you pay for the mere 10 percent. This plan is suggested for people who want maximum coverage on the same. How Much It Costs? The cost of insurance plans depends on a number of factors that include: • Insurance Buyer’s age • Smoking and drinking habits • The country they live • Number of people getting enrolled (with or without spouse/child) • The insurance provider Policy Claim Factors The insured or their beneficiary should take care of a few things while making a claim: • The insured should be admitted for at least 24 hours • The claim should be filed within 24 hours of the admission • Lodging and other non-emergency expenses shouldn’t cross their limit Exclusions in Health Insurance There are a few conditions in which you might be denied a medical coverage: • Cosmetic treatments • Custodial care • Home Childbirths • Dental treatments • Infertility care • Protection for travel or work Get Insurance at Best prices! Optinsure provides multiple cheap health insurance quotes from a large pool of insurance providers and helps to compare various insurance plans easily. Contact us to avail top insurance quotes easily and choose a cheap health insurance plan as per your requirements. Website: www.optinsure.com Tel: 1 (855) 894-1863 Email: quote@optinsure.com
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