The Basics Of Health Insurance
The Health insurance, in this modern world of cancer,
heart diseases, AIDS, diabetes, asthma, aging and
other type diseases or afflictions, it is essential to
have some sort of health insurance.
There are many levels of health insurance coverage
available; unfortunately, like most things in life,
you get what you pay for, and good coverage can be
The two most common terms in referring to health
insurance are premium, which is the amount paid for
the insurance, and deductible, which is your
out-of-pocket expense before the insurance pays your
For instance, you might pay $300 premium per month for
family coverage, and your deductible might be $250 per
person, which means if you have to fell and broke your ankle
and went to the hospitals emergency room, you would be
required to pay the first $250 of the bills.
You can purchase very basic catastrophic coverage,
which would carry a very high deductible and the
premium would be less than comprehensive coverage
which would have a higher premium and lower
It pays to invest the time to investigate various
insurance options, taking into consideration your age,
your general health and the health of your family
Your employer may offer group health insurance, which
is mosts likely the least expensive options for you, or
usually the premium is the deducted from your paychecks.
Health insurance is a calculated risk; can you afford
the premiums or are you willing to risk that you would
pay less out of pocket for medical expenses in a year
than the premiums would cost? Consider carefully.