We all fall sick once in a while. Usually it will involve having to spend no money at all. Other times it will involve spending some money. Money which may be readily available or may not be.
If you always have money available, that’s great! If you do not, getting a health insurance is the one thing that will always help in a medical emergency.
What is Health Insurance?
Health insurance is an agreement in writing that obliges an insurance provider to pay for a person’s health care costs. The health care costs that will be paid may be all of the costs or only some depending on the monthly payments made to the insurance provider.
With a health insurance the costs paid for are for consultations, medicines, surgery and in some case dental expenses. Also, in some cases the money used for expenses during an illness or an injury is reimbursed directly to the person that took out the insurance.
The individual costs for health insurance can be very different depending on what the insurer will cover, the type of plan you choose for yourself and whom you include in the cover and what is allowed to be deducted.
Know that with some systems, the more you pay in a monthly premium, the less you will have to pay from your own pocket. And the less you pay on a monthly premium the more money you will have to fork out.
How Does Health Insurance Work?
Most health insurance systems can be quite complicated while others can be easy. In all cases, there are several insurance policies that one can choose form. And depending on the policy and the amount of premium paid, a policy holder can receive care from a network of designated healthcare providers. Rarely, will an insurance company cover costs if a policy holder goes outside the designated health care providers.
Some insurance providers will demand that a policy holder pay a higher premium if they wish to seek care from facilities outside their designated list. And in some cases the insurance provider can refuse to pay for services outside their network.
Also, a provider can refuse to cover costs if there was no prior authorization for interventions and medications. So always check with the insurer what will be covered, before incurring the cost or booking yourself in for an intervention.
Fortunately, the provider is obliged to clearly state and to include in the policy document all the information covering all these rules. Do take the time to read them.
Who Should Get a Health Insurance?
Basically, every person should have a health insurance because everybody gets ill or may have an accident.
There are some people who are fortunate to get an insurance cover via their work place as it comes with part of their employment package. Then there are some that buy the insurance from the Health Insurance Market. Another group, which is usually the majority of people, can benefit from a National Health Insurance.
The bottom line is everyone should have a health insurance.