Being hospitalized is definitely not one of the best experiences in the world and it does not help that it can also be one of the most expensive as well. Luckily, many different health insurance packages are available to you to ensure that you get the best and most convenient the medical attention.
How health insurance works
Generally, the first thing insurance companies will ask you to do is to submit to a physical exam. Part of this is filling out a questionnaire detailing your lifestyle. Do you smoke$%: Do you drink heavily$%: Have you been hospitalized before$%: Does your family have a history of cancer$%: All these questions go towards determining whether or not you are eligible for health insurance. It goes without saying that the more inclined you are to health risks, the more likely your health insurance company will charge you an arm and leg on premiums, or deny you altogether. The premium is the amount of money that you pay to the health insurance company to keep your account intact. Deductibles, on the other hand, are the initial amount you have to pay for treatment, after which, the insurance company pays for the remainder. Generally, the higher the premium, the greater the deductible, and vice-versa.
For example, if your premium is, say, $10 a month and your deductible is a week's stay at the hospital, then that would mean that you would have to pay $10 every month and in case you get hospitalized, you would have to pay for your first week's stay there. If you had to stay in the hospital for a month, the insurance company would cover the cost of the other twenty-something days that you were hospitalized. Most health insurance packages also include subsidies for doctor's visits, medicines, and home care.
What to look for when buying a health insurance plan
Be sure to shop around first before selecting your plan. Find a baseline premium that you think you would be willing to pay and work from there. Do you think you need prolonged medication for your condition if you have one$%: Do you think you need dental coverage (particularly important for families with children)$%: Is your eyesight poor$%: All these things should factor into your decision when buying an insurance plan.
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