Health Insurance can seem like such an intimidating feat. You might feel like a tourist in Japan who is trying to understand the squiggles and symbols and make sense of them but just like this tourist, without some proper understanding, it may seem near impossible to understand what it is all about. The following will explain what exactly health insurance is, why it is so important, and some key terms to help you on your way to being an informed customer.
Health Insurance is protection against medical expenses. It covers things such as illnesses, injuries, and conditions. Employers might have a plan that covers you or you might pay for individual health insurance out of your own pocket.
The first type of safety net is COBRA, the Consolidated Omnibus Budget Reconciliation Act of 1986. This act ensures that you can maintain your employee health coverage, after leaving a job for around 18 months. This is a wonderful act because it allows individuals who are in a transition period with employment to have health coverage.
The next type of safety net is, a Pre-existing Condition Insurance Plan. This type of plan will not be as important in 2014, but in the meantime, this plan can help those who have difficulty finding insurance because of a pre-existing condition. There is one condition though, that must be met, and that is that you must have gone 6 months without insurance.
A State high-risk insurance pool is another version of pre-existing health condition insurance plan. These plans are run by your state of residence.
Medicaid is a good insurance safety net, especially for Children, Pregnant Women, and people with disabilities. Through this kind of plan you can get great coverage at many providers for limited costs. The main problem with this plan, however, is that it can be difficult to be accepted and enrolled into the program.
Premium: This term simply refers to how much you are paying to have health insurance every month. When you are paying your premium every month, you are keeping your health insurance active.
Coinsurance: Coinsurance is the percentage of the medical bill that you pay. If you are pay coinsurance amounts then both of you are paying into the medical bill. For example, if you have a plan that covers 90 percent of the bill, then the coinsurance amount is the remaining 10 percent.
As you look for Utah Health Insurance, you should be sure to also check out county and state insurance programs, these more local insurances can be extremely helpful, especially if you are visiting local doctors. Finding the right plan for you and your family will help you all to be more healthy and financially secure as you look for insurance.
No matter what kind of coverage you find for your family, having a knowledge of safety nets will help you to feel more secure throughout the many transitions of life. You deserve to be healthy, and this will certainly help.
Health Insurance is protection against medical expenses. It covers things such as illnesses, injuries, and conditions. Employers might have a plan that covers you or you might pay for individual health insurance out of your own pocket.
The first type of safety net is COBRA, the Consolidated Omnibus Budget Reconciliation Act of 1986. This act ensures that you can maintain your employee health coverage, after leaving a job for around 18 months. This is a wonderful act because it allows individuals who are in a transition period with employment to have health coverage.
The next type of safety net is, a Pre-existing Condition Insurance Plan. This type of plan will not be as important in 2014, but in the meantime, this plan can help those who have difficulty finding insurance because of a pre-existing condition. There is one condition though, that must be met, and that is that you must have gone 6 months without insurance.
A State high-risk insurance pool is another version of pre-existing health condition insurance plan. These plans are run by your state of residence.
Medicaid is a good insurance safety net, especially for Children, Pregnant Women, and people with disabilities. Through this kind of plan you can get great coverage at many providers for limited costs. The main problem with this plan, however, is that it can be difficult to be accepted and enrolled into the program.
Premium: This term simply refers to how much you are paying to have health insurance every month. When you are paying your premium every month, you are keeping your health insurance active.
Coinsurance: Coinsurance is the percentage of the medical bill that you pay. If you are pay coinsurance amounts then both of you are paying into the medical bill. For example, if you have a plan that covers 90 percent of the bill, then the coinsurance amount is the remaining 10 percent.
As you look for Utah Health Insurance, you should be sure to also check out county and state insurance programs, these more local insurances can be extremely helpful, especially if you are visiting local doctors. Finding the right plan for you and your family will help you all to be more healthy and financially secure as you look for insurance.
No matter what kind of coverage you find for your family, having a knowledge of safety nets will help you to feel more secure throughout the many transitions of life. You deserve to be healthy, and this will certainly help.
About the Author:
Miller & Wade Group caters to clients by providing exceptional insurance services, including high-quality products, sales support, and underwriting services through a pool of core carriers. We offer the best Utah medical insurance around.
0 commentaires:
Post a Comment
Thanks for your comment.