Individual & Family Health Insurance
Health insurance is essential for getting timely medical care and greater quality of life. Studies have repeatedly shown how uninsured victims of accidents often get less quality, and less timely medical treatment. Because the injured parties receive no aid in the payment for this medical treatment, it puts them and their immediate families at potentially substantial financial risk. In addition, not getting the proper amount of treatment puts people at risk of not fully recovering from injuries or being more susceptible to re-injury. Should a re-injury occur, or turn into a chronic condition, the medical bills could eventually become insurmountable. This is the main reason why individual and family health insurance is essential – to ensure proper medical treatment and prevent financial ruin. The two main options exist for people that want to provide themselves and their families with quality medical care.
Individual Health Insurance
As the name implies, individual health insurance is purchased to cover medical expenses incurred by an individual. One of the available plan options is the indemnity plan which is the most traditional coverage option. The indemnity plan provides coverage regardless of the doctor used or the procedure needed. A more cost effective coverage option would be the managed plan, but it has less flexibility than the indemnity plan. The individual would need to choose a doctor from an approved list in the plan’s network. This plan would make sense for people who are in good health and don’t foresee going to the doctor multiple times a year. Should any health emergencies occur, the individual would still be covered.
Because the details regarding health coverage and its costs can be quite complex, individual policies are usually purchased with the advice of insurance professional. Health insurance brokers are licensed and experienced professionals that know more in depth details and can provide guidance to the best coverage options according to individual situations.
Family Health Insurance
Under a family health insurance plan, the individual and all members of their family gain the benefit of comprehensive health insurance coverage. As each person is different, their healthcare needs may also differ and can be customized in the family health plans. It is recommended to read and discuss the plans with the family members so as to make informed choices. Although the costs are higher than individual plans, there are significant savings over trying to buy insurance individually for everyone. In addition, once the family is covered, the policy holder only pays a single premium amount instead of paying a bill for each individual. In addition, dental and prescription coverage can also be added to health plans for additional costs. Because children typically need medical care much more often than adults, health insurance is indispensable for families.
Raising a family involves a lot of planning and discussion. Unfortunately, health issues and injuries can’t be planned for. For those scenarios, protection and assurance can be provided by enrolling in health insurance coverage to ensure proper medical attention and mitigate the financial consequences of not being insured.
Medicare Supplement Insurance
The extra or additional insurance that can be used to help people pay for services and out-of-pocket expenses not covered by regular insurance is known as medicare supplement insurance. Some of the usual out-of-pocket expenses that can be paid for using supplemental insurance include deductibles, co-payments, and coinsurance. Some supplemental plans even give you a cash benefit payout either as a lump sum, or spread out over a period of time. This cash can be used for eligible expenses such as covering any lost wages, transportation as a result of health condition, food, medication, and other expenses that are illness or injury-related. It is important to note that medicare supplemental insurance is not a full health insurance substitute, it is just more of it.
Free Assistance By Phone or Email
Although shopping online can be a short simple process, the needs of individuals may present different challenges that are difficult to configure alone on a website. Fortunately, many of the top health insurance brokers provide free customer assistance for any questions. Representatives are able to provide answers regarding often confusing issues such as price quotes and coverage scenarios. Due to the large volume of information and the numbers behind them, representatives can communicate with individuals by phone and/or e-mail. This free service that the client representatives provide can also provide clients with information on what sort of plans best suits them according to their needs and financial situation. In addition, brokers can gladly e-mail customers any additional information that they have discussed with clients by phone so that they can ensure client satisfaction and service.
Before reaching retirement age it is crucial to give careful consideration and planning for over 65 insurance health care coverage and the costs associated with it in order to live a much happy and healthier retirement.
Health Insurance Costs for Retirees
Over 65 insurance costs for older people are generally more expensive, so it is best to start planning well before retirement. Due to the limited income they will generally receive during retirement, as well as the higher risk of health problems, older people have a strong need for quality health insurance. In fact, some estimates have shown that retirees spend more money on health care than on food. Although recent legislations make it illegal for anyone to be turned down or charged more for health reasons, knowing where to get a solid comprehensive plan can be a tricky thing to figure out. Fortunately, there are plenty of available resources to get the right information on the type of coverage needed and the cost for that coverage.
Shopping Online for Health Insurance
Shopping online for health insurance has numerous benefits that make the process more efficient for consumers. With a few simple steps individuals are able to get all the necessary information regarding coverage plans and are able to enroll in a short amount of time. With online shopping consumers are able to see comparisons of each plan summary side by side as well as monthly premium prices. Once the individual has done all the necessary research and knows what options they would like to enroll in, they can then choose the plan that best fits their needs and submit their request for approval. The overall process of online shopping and enrollment can take as little as 10 minutes and enables consumers to get all the information they need from the comfort of their own home.
Dental insurance is important as it helps cover costs associated with dental care. Although some of the usual procedures like dental cleanings can be relatively inexpensive, some of the restorative procedures like dental implants can have significant costs which can place a huge financial burden on the patient if they are uninsured.
What Dental Insurance Covers
Typical dental plans, like those offered by employers, use a network of participating dentists that usually offer the following features:
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Preventive and diagnostic care
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Periodontal care
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Denture repairs
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Basic restorative procedures
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Oral surgeries
While many features are paid solely by the dental plan, some procedures such as oral surgeries may be covered up to 50%. Cosmetic procedures such as dental implants are usually not covered by dental plans, so the patient would have to assume the entire costs. However, procedures such as root canals and extractions are often deemed crucial for dental health, and may cost thousands of dollars. Having dental insurance not only helps patients shoulder most if not all of these costs, it also gives patients access to care that they might not have been able to afford otherwise.
Types of Dental Plans
Individuals can purchase plans according to their needs and financial situation. Managed care plans, like PPO (Preferred Provider Organization) plans, are the most popular types of plans for individuals and families. Under a plan like this, the patient can have access to dentists within a specified network, usually within close proximity to where the patient lives. These plans are beneficial if patients want to choose a dental facility or provider and have the costs of in-network specialists covered at higher benefit levels than out of network services. Indemnity plans, however, offer a much broader selection of dental care providers, but will pay the costs only after receiving the bills from the patient. This would entail requiring the patient to pay the costs of the dental care upfront, and then submit a claim for reimbursement.
Importance of Dental Insurance
Proper dental care and hygiene, especially for children, is important and requires multiple trips to the dentist office per year. Studies from the U.S. Public Health Service have shown that dental and oral disease, which affects over 50% of the children in the U.S., are the most common and preventable conditions currently affecting young people. Without having insurance, the financial burden that can be placed on individuals and families can be very significant, especially with high-priced restorative procedures. Studies have shown that people without insurance are less likely to properly care for their teeth, and over time, the lack of preventive care can increase the risk of more complicated and expensive procedures down the road.
Dental insurance not only saves the enrollee a lot of money, but it also promotes healthy dental care and hygiene in individuals and families. With proper attention, dental health can be maintained for a lifetime. Not having to worry about the costs of not having dental insurance will also be a significant boost to people’s quality of life.
What is MEDICARE?
Medicare is the federal health insurance program for:
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People who are 65 or older
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Certain younger people with disabilities
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People with End-Stage Renal Disease (permanent kidney failure requiring dialysis or a transplant, sometimes called ESRD)
The different parts of Medicare help cover specific services:
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Medicare Part A (Hospital Insurance)
Part A covers inpatient hospital stays, care in a skilled nursing facility, hospice care, and some home health care. -
Medicare Part B (Medical Insurance)
Part B covers certain doctors' services, outpatient care, medical supplies, and preventive services. -
Medicare Part D (prescription drug coverage)
Helps cover the cost of prescription drugs (including many recommended shots or vaccines).
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