123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Insurance >> View Article

Brief Classification Of Health Insurance Plans Based On Chief Segregating Factors

By Author: Alzbetaberka
Total Articles: 13

When you are living in your hometown or your country, then you have friends or family members to help you during emergencies. If you are short on cash during the treatment, then you can borrow money from your friends, relatives or family members. However, you may not have this facility when you live outside your country. You may experience the similar problem when you move to a new city where you have zero contact. Do you want to miss adequate medical care due to insufficient money? Or do you want to be treated under the care of first-class physicians, nurses and hospital staff? It is expensive to keep premium-quality diagnostic and surgical equipments in the hospital. It is equally expensive to maintain sanitized rooms, operation theatres, imaging suits or to distribute properly conditioned air through the hospital. The hospitals ask patients to pay for these expenses; however, you may or may not have sufficient amount of money to make the payment at the time of emergency. A medical insurance plan can appear as your saviour in these situations.
Insurance Classification
Government Aided and Private
The government of the country or city you reside in may offer you a medical indemnity plan with the promise of subsidy. You may need to pay a nominal amount to receive the facilities due to the government’s assistance. The private insurance companies also offer medical plans to the natives of a country and to foreigners. You need to pay premium for these policies on a monthly, quarterly or yearly basis. The amount of premium varies from one insurance company to another and this amount also depends upon the type of the policy.
Exclusive Cover and Moderate
The terms and conditions of the health insurance plans also vary from one policy to another. Some policies can cover for all sorts of expense starting from the hospitalization bills to doctors’ appointments. On the other hand, some policies only cover for expenses incurred due to hospitalization. The policies offering more benefits are more expensive and you are supposed to pay hefty premiums for these exclusive health plans. Some of these exclusive policies may let you acquire financial support for medical care in multiple countries.
However, it may not be possible for everyone to pay the substantial amount of premium essential to avail the exclusive care. In this scenario, you may opt for an indemnity plan that covers for the expenses stemming from hospital admissions, medicines and some of your doctor appointments. The expense of this type of coverage may not extend beyond one state. The insurer may even compel you to see the doctors of their choice in order to receive cost-free care. However, this type of health insurance policy still covers for a lot of your medical expenses. Therefore, it is essential to have an indemnity plan to keep you covered during medical emergencies.
When you are looking forward to insure your health and medical expenses, it is essential to read all details including the terms and conditions written in fine prints before making any conclusive decision. This type of attentiveness may help you select the best plan for your care.

Total Views: 63Word Count: 521See All articles From Author

Insurance Articles

1. Questions You Should Ask Your Insurance Attorney
Author: Steven Simon

2. Methods For Resolving Insurance Claim Disputes
Author: Steven Simon

3. Contractors All Risk Insurance
Author: newage ib

4. When Is Whole Life Insurance A Good Investment Strategy?
Author: sidharthkapoor

5. What You Should Know Before Hiring A Property Insurance Attorney
Author: Steven Simon

6. Here Are 5 Flood Prevention Tips For This Hurricane Season
Author: John Perry Insurance

7. Apply For An Account Online
Author: Sathish Sub

8. How To Know About Ontario Travel Insurance For Seniors?
Author: Joanne Finucan

9. How To Know Financial Planning? - A Planning To Achieve One's Financial Goals
Author: Mary Jane Banks

10. How A Financial Advisor In Kingston Ontario Can Secure Your Dreams?
Author: Mike McKale

11. How To Apply For A Term Insurance Policy Online
Author: Rashmi Tyagi

12. Car Insurance Dubai
Author: Pulisher

13. Who Cares After You End – Secure Your Financial Future
Author: Ackerman Insurance

14. Ensure The Best Value For Your Claims With Insurance Assessor
Author: Claim Makers

15. Roles And Responsibilities Of Loss Assessors
Author: Claim Makers

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: