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A Guide to Health Insurance

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Health Insurance Tips

Health is wealth.” This old adage has proven itself to be true. Being in good health should be a primary concern because only then can we continue to do what we do every day. Huge earnings, a successful business, expensive house, clothing, and shoes, all these will be worth nothing if we have a poor health condition. This is why one should consider getting health insurance. But before you actually get one, read these health insurance tips.

The first thing that you can do is to research. Just like shopping for an item, you need to look at all your possible options so that you’ll know which one satisfies your needs. Ask around and learn from their experiences. Your friends and other people that you know can provide you with a lot of inputs which you can consider as health insurance tips as well.

Researching online is also another possible option. There are a lot of websites where you can get information concerning health insurance. Being informed also lets you define what your requirements are for health coverage.

There are different types of health coverage such as critical illness, hospitalization expenses, and injuries resulting from accidents, to name a few. Determine what you need, what you want to be insured of, and what fits your budget.
After determining your health coverage requirements, decide who among your family members will be included in the health insurance policy.

Next, you need to decide how much will be the total amount of your health coverage. This will be determined by what and who you have included in the health coverage.

Get a copy of the entire policy and read it thoroughly. Most health insurance tips would tell you to watch out for the exceptions and clauses in the policy that won’t give you coverage for something that you might need. The ones that are listed in the exclusions are those ailments and conditions where the health insurance coverage will not be applicable. You may want to check those out and make clarifications.

After looking at your choices and finally coming up with a decision, carefully fill out the application form, and submit the necessary requirements. It is important for you to be honest when filling out the details to avoid having problems later on and since dishonesty could cause you to be denied coverage.

These health insurance tips serve as little reminders before you choose a policy. Remember that although selecting the most complete health insurance would be the best, in most situations you have to consider your budget. When things seem a little tight, just choose a health insurance that covers just what you need.

The Truth in Applying for Health Insurance

Health insurance is one of the most in-demand type of insurances today. Especially that we are now living in a world that has over a thousand diseases. From the minor illnesses like getting colds to the most severe ones like cancer, you couldn’t be so sure that you won’t have them today. The probability that you might be sick in the future is so high that medical insurance has become similar to a necessity already rather than a mere want.

The Truth

But what people don’t really know about applying for medical insurance is the fact that it is not easy. To get approved by a company you want, even a perfectly healthy body will not bear any merits since it is one of the requisites.

There are a lot of things you need, and a lot more you would have to provide just so you could secure yourself a medical insurance. The wait is usually long, and the application has a competitive nature.

When you want medical insurance you must be perfectly fit otherwise they will not accept you. The chances that they will still do even if you have disclosed a sickness that they could qualify as a symptom to more serious illnesses, the probability that you will be approved is much lower than zero. Companies are afraid to give you insurance because the risks they have to bear are much higher.

Even if the insurance companies are supposed to take a portion of the risk from us, they have limitations which is why you have to undergo a tedious process in making sure that you qualify for it. It isn’t an easy sail.

Competitive Nature

If you have tried competing for anything, then you would somehow know the feeling you’d get when you apply for medical insurance. You are not competing with others, but you are competing with the medical insurance company. In this combat, if you win, they will give you your insurance and if you don’t then you won’t get anything.

The company will constantly give your reasons why you can’t apply and you have to constantly disprove that. It is like a debate only you won’t be able to bluff your way out; you have to be supported by documents. You have to convince them that you are perfectly well, and your medical records are not sufficient to do that.

You have to convince the company that you are well and that you are not likely to be sick in the next years. This is a clear irony for someone who wants a medical insurance, but that is how the system in applying for medical insurance works.

Fighting the Fear of Health Insurances

Most people don’t want to get health insurance even if they think they might need one because of the fear that they might not be given what is due to them when they need it. The people cannot be blamed for this since there has been an increasing number of health insurance companies digging in holes for their clients not to have the just compensation that was promised to them.

However, you will need this insurance especially if you are uncertain that you will be able to finance the medication if something bad happens to you. So, to avoid being one of the victims of those mean health insurance companies that instead of helping you give you more problems, here are some tips you might want to try.

Knowing the Health Insurance Company

Do not be lured by good advertisements that promise you many kinds of things. This is the primary goal of advertising so you should not fall for it.

Remember that in advertising, the good things are the only ones that are exposed. Know a health insurance company by investigating their performance. Every company has their dirt, look for it and then from then on decide on which of these companies dirt’s you will be able to tolerate.

Also, bear in mind that no matter how big and popular a company might be, they are never perfect. Sometimes, it is even these big health insurance companies that have the worst secrets. Do not ever let your guard down and let your money go to waste.

Taking Precautions

The problem with most health insurance companies is that they have many restrictions and many limitations which they use as an excuse most of the time. The best way that you will be able to avoid this is to get the insurance that will cover all kinds of sickness or if not, at least the majority of the illnesses that you surely won’t be able to pay by yourself.

Even if you pay a bit higher, at least you have widened the scope of the insurance and you have somehow broken their limitations. But aside from making sure that you are going to apply for a coverage that has a wide scope, you will also need to read the conditions they have.

There are health insurance policies that state that they will not honour your insurance if you have a history of certain kinds of diseases. Make sure that you have a check-up and you will be able to produce proof that you do not have any history of any disease that they mentioned so that they can’t use it against you.

Health Insurance Drawbacks You’d Want to Avoid

When we talk about health insurance, we define it as a promise of medical assistance that will be given to you if ever you get certain illnesses.

If we leave it at that, the definition would have been fair, you would pay a certain sum of money and then they would provide you financial assistance if ever you really do get sick. But the medical insurance companies are not like that. They like limiting your insurance; they would find ways to make their financial responsibilities to you as cheap as possible.

If you do not read your contract carefully, you might end up as one of their victims. Here are some of the things you would want to check first before entering into a health insurance contract.

Numerous Limitations

Most health insurance companies have very many limitations, from sickness down to the room they will cover. Of course, it will depend on the coverage you will be paying for, but there if you examine carefully; there is a very big difference in rates among health insurance companies based on these limitations.

Find a company that will give you just compensations for your money. And by “just” it means that they will be giving you fewer limitations given the coverage you will be getting. This is the real measurement of their willingness to really stand by what you have agreed on.

At least even if they have limitations with the illness, they shouldn’t limit you to the room you are supposed to get or the hospital where you will be getting treatment.

Their Say on the Doctor

The relationship of a patient and a doctor may be something purely professional but it requires trust. Most of the health insurance company’s state in their contract that they are the ones who will be recommending the doctor you will be seeing in case you get certain kinds of illness.

However, you should avoid this especially that your interest is conflicting with the interest of the health insurance company. If you are sick, you will want to get healed, no one in the right mind would want to stay sick for long. The health insurance companies want this too; the faster you get better, the lesser they have to pay.

The problem is that you would want to really be cured; the insurance companies only want you out of their expense list. If they are the ones who will be deciding the doctor you will see, you might be made to believe that you are well even if you are not.

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This content is accurate and true to the best of the author’s knowledge and is not meant to substitute for formal and individualized advice from a qualified professional.

© 2020 Sid mark