care guide- health insurance

What is health insurance and why do I need it?

Health insurance means the protection of the human or group, insured against financial loss from illness or injury.

Like other forms of insurance, you don’t really tend to need health insurance until you need it. Car insurance for example, does not help you until you experience a car accident.

In a similar way, health insurance doesn’t often come into being until you need medical assistance.

Health insurance coverage varies greatly between policies, but basically, it pays a pre-negotiated percentage of the expenses for a policyholders’ covered medical treatments.

There are 3 types of Health Insurance

1. Self-Insured/Uninsured.

2. Managed Care Plans.

3. Indemnity Plans

Which of these types of health insurance is best for you will depend on your personal situation.

Choosing a health insurance plan is an instant-consuming task, but an educated choice will ensure you have the right insurance coverage when the positive need arises. And as we age, the absolute need will inevitably arise.