You have worked so hard to become financially secured. You are happy about your finances, but have you taken time to make plans for your health? Your health should always be a top priority no matter how busy you are. Financially, it is very risky to go without any medical or health insurance. If you have no other coverage available to you, at the very least you should consider buying a medical or health insurance policy that would cover the cost of a catastrophic medical emergency, even if it does not cover you for routine medical expenses.
Medical or Health insurance is all too easy to overlook, until you really need it. When you need it, it may be too late. There are a few things you should keep in mind as you investigate the options available to you.
What is medical or health insurance?
Medical or health insurance is a contract between you and an insurance company under which, in exchange for your premium payments, the insurance company agrees to pay for medical expenses which you incur under the terms of the contract.
There are different types of medical or health insurance coverage
Employer-provided health insurance - The best source for health insurance today is your employer-provided plan since its cost is subsidized by your employer.
These health insurance plans are generally one of four types: service provider plans, indemnity plans, preferred provider plans or health maintenance organizations.
Individual health insurance - Health insurance policies are available directly from insurance companies for individuals. The advantage of this type of policy is that you may shop for the type of benefits you want. The disadvantage is you have to pay the whole cost.
Medicare Insurance - Medicare insurance coverage provides mandatory basic hospitalization benefits for all U.S. citizens over the age of 65 under Part A coverage.
Part B coverage is a voluntary program that provides coverage for doctor bills at a monthly cost to you. Medicare insurance typically covers only half of the average senior citizen health care bills. It can be supplement with Medigap insurance.
Take the time now to get your fast free health insurance quote and prevent the unexpected.
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