subject: Common Questions Regarding Health Insurance [print this page] Common Questions Regarding Health Insurance
Here we introduce some common question, and their answers related to health insurance.
1. I'm young and healthy. Why should I spend money for medical insurance that I'll never use?
Having insurance is like carrying an umbrella. A person may not need it most of the time, but when there is a heavy downpour he'll be glad that he had one. Mishaps can happen anywhere and with anyone. Even young and healthy people have accidents, seasonal illnesses, and sometimes tragic health issues. If God forbid, a person ends up having a serious medical condition then a health insurance plan, if already purchased will help him get funds. But, if a person does not own a policy then his preexisting condition may exclude him from getting coverage. In addition, a person can get much lower premiums when he/she is young and healthy. Thus, health insurance provides excellent protection at very little cost.
2. Is there a benefit to using a health insurance agency, as opposed to getting quotes for policies on my own or going through a single agent?
A health insurance agency provides a number of benefits. First, they have established relationships with many, many insurance companies. This means that they have access to all of the best medical insurance plans in the marketplace, while not having a bias toward any single insurer. These companies will definitely conduct a health insurance India comparison survey, and then select the best. While he can research various plans on his own, a health insurance agency will do the groundwork for and present the concerned person with all available options.
3. What's the most important feature to consider when buying health insurance?
There are two important features that people often overlook: the lifetime maximum coverage and the maximum out-of-pocket expense. A person may have relatives and friends who may provide him funds during mishaps and bad times. But when buying a health insurance a complete study of medical care India comparison must be conducted. This will help an individual to select a policy with a maximum lifetime coverage and minimum premium.
4. Can I trust online comparisons for health insurance?
Yes. The law requires that identical plans have identical pricing, regardless of whether a person goes directly through the insurer or use a health insurance agency. In other words, if a person is looking for some XYZ company's Plan A, he will receive the same quote whether he gets it online, place a phone call, or visit an insurance agency or company. Thus, conducting a complete health insurance India comparison would definitely help. One important thing to be noted is that the price a person pays may depend upon a number of variables. These include his age, gender, whether he smoke or not, and any pre-existing medical conditions that he may be suffering from. The final price is determined by the concerned person's medical history.
5. What's the difference between an HMO and a PPO?
When it comes to medical insurance, a health maintenance organization (HMO) requires that, for non-emergency services, a person has to use their physicians and hospitals. A preferred provider organization (PPO) allows a person to visit any health care provider. But, of course would provide him more benefits if he visits health care professionals and services within their network.
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