Health Insurance – Terms

For beginners who want to understand all about health insurance policies, here are certain terms which could be hard to comprehend. Deductible This refers to the expenses that the insured has to bear before enjoying the benefits of the health insurance plan. This is generally charged on a yearly basis. The amount differs depending on individual or family insurance policies. Co-insurance or Co-payments This refers to the amount the insured needs to pay in addition to the deductible amount before the insurance provider starts paying for the expenses. Lifetime Maximum This is the maximum expense that the health insurance plan […]

Read more »

How to go for a wellness benefit check-up

Wellness benefit coverage in a health insurance plan typically covers for routine health examinations like screening and diagnosis tests, blood tests, cholesterol and thyroid examinations, smear tests, neurology examinations and cardiovascular examinations. Vaccination costs for children are also included in this coverage. The insurance provider who offers this benefit as part of medical insurance generally has a tie up with some clinics and medical set-ups and offers certain medical check-up packages. It is more advantageous if there is a provision of direct claims settlement where the bills are settled by the insurance provider to the hospital. The insured just needs […]

Read more »

Finding self-employed health insurance

People who are on the entrepreneurial track should ensure that they are covered by an appropriate health insurance plan as soon as they leave their permanent jobs. Appropriate health care helps the entrepreneur focus on the success of business without the burden of financial expenses as a result of an un-expected illness or injury. As soon as you quit your corporate workplace, invoke your rights under the COBRA (Consolidated Omnibus Budget Reconciliation Act). Under this provision, you can continue your current corporate medical insurance plan coverage up to 18 months at the same subsidized rate given to the company by […]

Read more »

Health insurance Exclusions – Individuals and Family

Exclusions are those conditions that the insurance plan shall not cover. All insurance plans have exclusions; there isn’t an insurance plan without exclusions. Exclusions are generally listed as a separate section in the policy certificate but in some cases, they can be distributed in various parts of the document. Look at the list of exclusions which is given in the policy brochure or the certificate. If the list is long, then it is mostly comprehensive. If it is not lengthy, then expect other exclusion conditions to be spread throughout the paperwork. All plans including international student insurance, trip cancellation insurance, […]

Read more »

Choosing the doctor for your health insurance plan

Once you finalize your health insurance plan, it is important to choose your doctor who would provide the required health care services. This is a very important step as the expertise of this medical professional can have a direct impact on the quality of your life in the future. Perform research on the credentials of the doctor. His experience and past performance is very important. Ensure that he deals with patients of all age groups and he has a good network of specialists who he can refer to in case required. HMO and PPO plans give you a list of […]

Read more »

Medical assistance out of PPO network

A PPO (Preferred Provider Organization) is a health care system managed by a set of hospitals, clinics and medical experts who provides services only to a specific association or group. It is generally funded by an insurance company or employers or some type of an organization. The physicians associated with a particular PPO network provide medical consultation at subsidized rates to the employees, policyholders as well as sponsors. In turn, the policyholders also get benefited by enjoying discounts if they consult a medical professional associated with the PPO network. Many insured individuals always ask a common question: whether they can […]

Read more »

Swine flu coverage for international visitor health insurance

The coverage benefits of international visitor health insurance plans vary depending on the type of policy as well as the coverage limits. Though there are some standardized benefits offered by almost all health insurance plans, if you are looking for specific coverage like war, terrorism, epidemics, hazardous activities, pandemics, trip interruption, you need to look out for health care coverage for these special instances. The swine flu outbreak was announced during the last week of April 2009. When panic spread, it became quite problematic for people to get health insurance coverage for any expenses incurred due to the disease. Not […]

Read more »

Private Health Insurance Coverage – Individuals, Groups and Family

Individuals can buy private health insurance plans to ensure coverage for medical exigencies and assistance. Medical insurance plans are available for a single individual or an entire family consisting of spouse, and children (typically less than 19 years). Health Insurance for individuals and groups can offer a break in premium if all the dependents are registered under the same plan. The premiums are calculated based on the age of the individuals, pre-existing medical conditions and medical services for which the insured seeks coverage. Review the exclusions section especially the pre-existing medical conditions exclusion under the plan. Typically most plans exclude […]

Read more »

Wellness Benefit – International Health Insurance coverage

International health insurance with wellness benefit covers various routine check-ups, screening or diagnosis tests, blood tests, smear examinations, cardiovascular observations, neurology check-ups and other important tests that can help detect various types of illnesses and chronic medical conditions. These tests enable the physicians to detect health issues during its early stages and �prevent� them from becoming life threatening. The wellness benefit feature is becoming more and more popular among people in the recent years as it reduces health care costs in the long run. Wellness benefit also encourages people to monitor their health on a regular basis by covering the […]

Read more »

Health Insurance coverage compels Americans to take up employment

The global financial crisis has forced some Americans to take up jobs that they would not otherwise opt for under normal situations. Jobs can offer health coverage through the employer�s group health insurance plan. It is quite obvious that health insurance is one of the major lures for some Americans to seek employment. Employee group health insurance plans typically have rich benefits and the employer usually contributes to the premiums. Private Health Insurance premiums for a family in some states can cost more than $1,000 per month. In some instances people work multiple jobs to pay their health insurance premiums. […]

Read more »