|
|
|
Group Health Insurance
 Group Health Insurance refers to a coverage structure made available to a group of people through employers, purchasing pools or associations. According to the record of United States Census Board, more than 60% of the American population is covered through such plans by employers. Let us look at some key features of group plans available in America. More..
|
|
|
|
 |
|
|
|
|
Buying Health Insurance
|
Buying the right health insurance policy is essential for your peace of mind. With the market being flooded with various products and companies in this field, it might feel like a daunting task for you select a policy that will cover all your needs. Here is a simple guide on purchasing health insurance policy for yourself and your family. |
- Types of plans available:Step 1: In USA, the popular health insurance plans range from Fee- For Service plans, Managed Care, Health- Maintenance Organizations, Point of Service plan to Preferred Provider Organization. Each of these types has its own pros and cons. While some plans are ideally suited for individuals, there are others that are specifically designed for families. Knowing the various features of each type of policy is the essential first step to buying the right plan for you.
- Modes of buying coverage:Step 2: Health insurance policies can be bought from various companies either through an individual plan or a group plan. Group plans are available through employers, purchasing pools or associations whereas individual plans can be bought by any individual for himself or his family.
- Carry out a thorough market survey:Step 3: It is recommended that you check out plans from at least 4- 5 different companies before buying your health insurance. Ensure that the company you have short listed is licensed to carry out business in your state or area of residence. Most providers offer a “free- look” clause i.e. they would give you about 10 days to check your health insurance policy after buying it. Incase you are not satisfied, you can return the policy and the premium paid would be refunded.
- Make your checklist:Step 4: Before searching or buying any health insurance, make a checklist of things that you expect from your policy and are essential to you. Include issues like services you want to be included (hospital care, surgery- in patient and out patient, medical tests, dental care, home care, maternity care etc.), choice and location of hospitals or doctors, paperwork involved in payouts, premiums payments, etc. This checklist will help you keep all your goals in mind while buying the policy.
More Articles :
|
|
|
|
 |
|
Buying Health Insurance