Health insurance is just like other insurance forms. It is an insurance form of collectivism, which allows people to bring the risks, in this case the risk associated with costs of illness. This collective form is usually owned publicly or otherwise organized non-profit people of the pool, although in a few countries, health insurance policies can also manage non-profit organizations. It is sometimes used in the broadest sense of insurance covering disability or long-term care or custodial care needs. It can provide a program sponsored by the government social security or private insurance companies. It can be purchased as a group (for example, a study to cover the employees), or buy individual.
In any case, groups or individuals to cover the tax payment or tax, help protect against unexpected costs of health care. Alike benefits paying for some medical allowances may also be through social programs funded by the general government.
In assessing the risk of health and care costs, a usual financial structure may be developed to ensure that funds are available to pay for health services, as defined in the insurance contract. Benefit administered by the central, such as government agencies, private companies or non-profit organization.
Health insurance policy is an insurance contract and the person or his sponsor (e.g. an employer). The health contract may be again renewed yearly or monthly. The type and amount of health spending, which will be covered by health insurance company is informed in advance of the States, or Evidence cover booklet. Obligations of the insured person may take various forms. Read more...
It’s about economy of scale. When you apply for medical benefits, you join a group of other people with your doctor to combine purchasing power. Your insurance company covers the entire group, but as individuals, so that everyone shares the cost of the stay-Stay Smart Stay healthy healthy. Stay Smart Stay Healthy by Edward Batchelor at Humana Inc. was created as provide a new media venture to manage, and support awareness and understanding of the healthcare industry. His goal was simple: the consumer of the health system to educate, by the usual complexities and replacing them with an informative and engaging series of videos. Video Rating: 4 / 5
While most work places provide health insurance for their workers as well as paying for workmen’s compensation, there are still many work sites that do not cover their workers. The importance of health insurance at the workplace cannot be under estimated. From factories to restaurants, health insurance at the workplace can mean the difference between a safe and stress free working environment to a stressful and anxious working environment. The old saying that providing protection means that while you wish to never have to use that protection, you would not want to be in a situation where that protection was not available.
The importance of health insurance at the workplace not only assures your employees of protection in case of injury or illness but also assures the employer of not having to face a lawsuit from an injured employee or one who became ill due to the workplace environment. No one wants to work without the protection of health insurance. The current job situation may be forcing some workers to accept employment without the protection of health insurance. However, their acceptance of employment on those terms does not strip those workers of resorting to the courtroom in case they do get hurt or ill on the job.
In some situations, an employee is warned to provide for his own health insurance as a condition of accepting employment. That might be another option to employers who are trying to lower their cost of doing business. In other situations, employers can ask their employees to willingly allow the premiums for their health insurance coverage at the workplace to be deducted from their paychecks. There are ways of getting health insurance coverage at the workplace and still keep operating expenses down. Whatever means is used; the importance of health insurance at the workplace can never be underestimated or neglected.
There are several ways to get coverage on a family health insurance plan. One good way to obtain it would be through your employer. Many employers offer family health insurance plans at a greatly reduced price. The lower premiums are obtained by sharing the premiums with both the employer and the other employees of the company.
There may be some disadvantages in doing this though because there may not be many options to choose from. Many employers only offer only one or two plans. Some plans may not meet all the needs you are looking for and you may want better coverage. This is where purchasing your own family health insurance plan would make a whole lot more sense. You can buy the coverage that you know your family will use on a monthly or yearly basis. You will not have to pay for things that you or members of your family do not use. Let’s say for example that you or someone in your family is on a lot of prescriptions. You would then want to purchase a plan that offers prescription coverage at a low cost. Then you may want choose not to have some other insurance coverage like say hospital visits. There are all kinds of variations you can choose when picking out your own family health insurance plan, and many people choose this option because they can choose a plan that fits there needs so they do not waste money on things they do not need. Dental coverage is also a great option.
Young adults are all too often caught up in their busy life styles and milestone events. From a new career and home to graduation it’s easy to be sucked into a whirlwind forgetting about the importance of health insurance. The story of Kelly Ives is reminder enough health insurance should be a priority and taken off the back burner:
Kelly graduated in March of 2009 and employed shortly after. Health insurance through her work held a two month wait period, standard in most businesses, for the insurance to kick in. When she received the health insurance she submitted a copy of her certificate showing she still held coverage through her parent’s health insurance however this was not enough. In December of 2009 Kelly was hospitalized for five days racking up thousands of dollars in medical bills. Kelly noticed the first couple of bills were paid for by her insurance, however once the larger bills started coming in it refused to pay giving reason for the two month coverage gap. Her medical bills currently total more than $10,000 and collection letters have begun to affect her credit score.
To read more about Kelly Ives’ story visit the Cincinnati Press.
Kelly’s experience shows how just important it is not only to have health insurance, but keep continuous coverage after graduation. A young adult working to establish their financial stability cannot afford to be paying masses of medical bills. A great solution for those between graduation and a job or simply between careers is short term health insurance. This type of coverage can be less expensive than permanent health insurance and provides coverage when you need it most. Often referred to as catastrophic coverage, short term medical insurance does not cover routine doctor appointments however will give coverage when emergency situations like Kelly’s occur. For a free quote comparison on short term health insurance quotes visit: GradGuard.