HEALTH INSURANCE

C.GEETH PRIYA, B.COM.,M.COM.                                                  

                                                                 HEALTH INSURANCE

Health insurance is a type of insurance that covers medical expenses that arise due to an illness. These expenses could be related to Hospitalization costs, cost of medicines, or doctor consultation fees. Health insurance plans have extended usage in the day-to-day lives of individuals. Health insurance plans offer coverage for several types of ailments and surgeries. They also cover other aspects of medical treatment. 

No matter your age, gender, or financial status, you need health insurance. Just like you need car insurance, in case anything happens to your vehicle, health insurance will cover you if you become sick or suffer an injury.

Health insurance plans can be bought for multiple people at the same time. Family floater health insurance plans can cover your entire family under a single plan by ensuring equal distribution of coverage for all the family members insured under the purchased health insurance plan. You can cover yourself, your spouse, children, and dependent parents under the family floater plans.

There are some essential health benefits:

·         Ambulatory patient services (outpatient services)

·         Emergency services.

·         Tax benefits

·         Reduced financial pressure

·         Hospitalization.

·         Maternity and newborn care.

·         Mental health and substance use disorder services, including behavioral health treatment.

·         Prescription drugs.

 

The different types of Health Insurance include Health Maintenance Organizations (HMOs), Exclusive Provider Organizations (EPOs), and Point-Of-Service (POS) Plans.

Purpose of Health Insurance

Health insurance protects you from unexpected, high medical costs. Some of the common features that are available under a regular health insurance plan are pre and post-hospitalization costs, organ donor expenses, medication costs, domiciliary expenses, room rents, ambulance charges, etc. These features are available for the policyholders after the waiting period of the plan and can be used after the claim-settling procedure.

                                    ‘LIFE IS A GIFT INSURE IT WELL’

 

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