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Thread: Health Insurance Information You Should Know

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    Default Health Insurance Information You Should Know

    Health insurance is possibly the most important aspect of the life of a man and is the difference between medical care and not in a position to go to the doctor when sick or for a review. Health insurance is used to pay for medical costs, have a would cost arm and a leg without insurance. At least with insurance, the majority of medical costs are covered by the insurance companies and patients only pay a small feecalled a co-pay.

    Health insurance also encompasses long term nursing or custodial care and disability. Health insurance is provided for full-time workers (40 hours per week) by an employee’s employer. Insurance can be purchased by corporations or by individual people. Health insurance may also be provided by the federal government through different programs such as welfare.

    There are nine keywords that are involved with Health insurance, which every policyholder should know, to understand their reporting.

    A premium is the amount the policyholder pays the insurance each month will receive the coverage.

    The deductible is money from their pockets at the expense of policyholders for doctor visits or prescriptions, before the insurance pays its share of the bill.

    Policyholders an additional payment when they visit a doctor for a check or a purchasePrescription. The policyholder would have to peel out $ 15 from his pocket to pay for a visit to her doctor, but the insurance is the rest of the bill, which could pay anywhere from $ 50 to $ 400

    Sometimes, a policyholder has to pay a coinsurance. A co-insurance is when the policyholder a percentage of the total cost of the service (s) instead of paying the fixed amount (payment charged). This could mean that the policyholder must pay for a very smallFee or a very high fee, determined according to the percentage of the insurance company.

    Each insurance has exclusions. Exceptions are defined benefits, not covered in the plan. If a policyholder a service performed, the need for exclusion of the policyholders to pay for this service in full, without the help of the insurance company.

    There are limits of insurance coverage in most insurance plans involved. The majority ofCoverage limits to how much will be paid with a service company. Once the company pays for an agreed amount of the policyholder must then pay the remainder of the bill.

    On the other hand, there are limits to the policyholders. They are called the pocket maximums. Once the policyholder reaches the maximum amount of money his pocket for services, the insurance paid out to pay the remainder of the bill.

    Capitation payment is an amount ofMoney that an insurance company promises a medical provider for the supply of policy, all holders of the insurance company back.

    The final term with the health insurance that all policyholders should know is involved in-network provider. An in-network doctor is a default on a list of providers compiled by the insurance company. This in-network operators to offer medical care for a reduced price for aPre-arranged agreement with the insurance company.



  2. #2

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    Quote Originally Posted by sannok View Post
    Health insurance is possibly the most important aspect of the life of a man and is the difference between medical care and not in a position to go to the doctor when sick or for a review. Health insurance is used to pay for medical costs, have a would cost arm and a leg without insurance. At least with insurance, the majority of medical costs are covered by the insurance companies and patients only pay a small feecalled a co-pay.

    Health insurance also encompasses long term nursing or custodial care and disability. Health insurance is provided for full-time workers (40 hours per week) by an employee’s employer. Insurance can be purchased by corporations or by individual people. Health insurance may also be provided by the federal government through different programs such as welfare.

    There are nine keywords that are involved with Health insurance, which every policyholder should know, to understand their reporting.

    A premium is the amount the policyholder pays the insurance each month will receive the coverage.

    The deductible is money from their pockets at the expense of policyholders for doctor visits or prescriptions, before the insurance pays its share of the bill.

    Policyholders an additional payment when they visit a doctor for a check or a purchasePrescription. The policyholder would have to peel out $ 15 from his pocket to pay for a visit to her doctor, but the insurance is the rest of the bill, which could pay anywhere from $ 50 to $ 400

    Sometimes, a policyholder has to pay a coinsurance. A co-insurance is when the policyholder a percentage of the total cost of the service (s) instead of paying the fixed amount (payment charged). This could mean that the policyholder must pay for a very smallFee or a very high fee, determined according to the percentage of the insurance company.

    Each insurance has exclusions. Exceptions are defined benefits, not covered in the plan. If a policyholder a service performed, the need for exclusion of the policyholders to pay for this service in full, without the help of the insurance company.

    There are limits of insurance coverage in most insurance plans involved. The majority ofCoverage limits to how much will be paid with a service company. Once the company pays for an agreed amount of the policyholder must then pay the remainder of the bill.

    On the other hand, there are limits to the policyholders. They are called the pocket maximums. Once the policyholder reaches the maximum amount of money his pocket for services, the insurance paid out to pay the remainder of the bill.

    Capitation payment is an amount ofMoney that an insurance company promises a medical provider for the supply of policy, all holders of the insurance company back.

    The final term with the health insurance that all policyholders should know is involved in-network provider. An in-network doctor is a default on a list of providers compiled by the insurance company. This in-network operators to offer medical care for a reduced price for aPre-arranged agreement with the insurance company.
    Good explanation of the industry terms.

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    There are lots of plans for health insurance. It depends upon your requirements like age, persons, present health condition etc. Also take a look at your budget and make a decision on a price range with which you’ll be comfortable

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    Health insurance had been a necessity for many people well it had become their way on assuring their love ones in the future. Health insurance is guard against the likely health problems that could occur in the future, and you have totally no way of knowing what might happen.

    __________________

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    Interesting information.

    One thing to keep in mind is that health insurance rates vary greatly. And I do mean greatly!

    Here in Ohio, Cleveland health insurance rates are significantly higher than other parts of the state.

    I assume this is true for other states as well.

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    Thumbs up Get Best and Affordable Medical health insurance

    Thanx for d valuable information. I totally agree with you But With a wide variety of health insurance options and pricing available around the world,choosing the right health insurance plan for you and your family expects you to understand the different types of insurance - their costs, coverage and their rules.So you need to take care of all the aspects and you are well on the way to obtain the right health insurance plan like IINDIVIDUAL HEALTH
    best and affordable health insurance
    INSURANCE.NET that will help you financially when you need medical attention and enables you to obtain the best possible treatment whenever and wherever you need it.

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    Health insurance is like car insurnce if you think about it. It is good to have it when you need it and it hurts when you don't have it. I am here to tell you that you don't want to go without http://www.goldenrule.com Health Insurance these days.
    Last edited by Mark Rosenthal; 12-28-2009 at 04:11 PM. Reason: fix the link for him

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    Quote Originally Posted by trainerguru1 View Post
    Health insurance is like car insurnce if you think about it. It is good to have it when you need it and it hurts when you don't have it.
    very good view !

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    Trainer...Golden Rule has been busy these last few months. Rates have remained stable in most states.

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    Hi Sannok,

    Thanks for updating such a useful post.

    Medical expenses are sky high these days, but was never cheap ever. Even a small treatment or an appointment with a doctor might consume a lot of money. Health insurance is a must, it saves money and covers unexpected calamities. Health insurance comes in handy to meet emergencies of severe ailment or accident. Sometimes it is associated with covering disability and custodial needs. Life is unpredictable, insurance can make it safe and secure from bearing huge loss. Health insurance is affordable and carries the assurance and freedom from insecurities that threaten life now and then.

    Thanks,
    Corwin.

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