Health insurance is a type of insurance where your chosen insurance company pays the medical costs whenever you are sick or meets an accident.
The claim of medical costs will all depend on the type of health insurance plan you have purchased.
The insured is obligated to pay a monthly premium to the health insurance company.
Most health insurances in the US are provided by the employers may it be government or corporate.
However, this idea is now changing and as a result companies are opting out of providing health insurances to the employees.
This is why a lot of people are being forced to purchase their individual or family health insurance plan.
If you are one of those, then here are few things that you need to know first and could help you in choosing a plan that is best for your needs.
1.
Type of coverage While basic coverage is cheap and covers only surgery and hospitalization, you should know that comprehensive is more costly but has a wider coverage such as prescription drugs, preventive care, routine medical check and the costs covered in basic coverage.
2.
Deductibles Remember that with higher deductibles, you get lesser premiums.
Deductible is the amount you pay and the rest of the bills are paid by your health insurance company.
If you purchase a short-term plan, expect that you pay lesser premium.
This is actually the cheapest in the market today.
3.
Doctor access Many insurance companies provide doctors network in order to lessen their costs.
These are just some of the basic things you need to know before purchasing a plan.
Be wise and choose only which you think suits your needs.