Health Insurance Plans - A Basic Overview

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Health Insurance

• - A Basic Overview

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What is Health Insurance?

• Health insurance is an insurance policy that
  covers the risk of medical expenses at the
  situation of any unfortunate crisis.
• One should estimate the overall risk of expenses
  that would be incurred for your health care.
  Later an insurer can develop a finance structure
  for the monthly premium.
• The health insurance policy is offered by central
  organization such as a government agency, private
  companies, or an insurance agent.

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Types of Health Insurance Plans

• Group Health Insurance Plans
• Individual Health Insurance Plans
• Family Health Insurance Plan

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Group Health Insurance Plan

• These days, many companies offer their employees
  group health insurance plan. 
• The employers may pay their bill for some of the
  premiums. 
• Buying a health plan at your workplace depends on
  your out-of-pocket budget.  
• Generally the group medical insurance plans
  offered at your workplace will cost you less than
  a health plan that you were supposed to purchase
  on your own. 
• If group insurance coverage is offered at your
  workplace, you should definitely take the best
  advantage of it. 
• In case, this is not offered at your workplace,
  you could suggest them a group health insurance
  plan.

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Individual Health Insurance Plan

• Individual health insurance plan means buying a
  health policy for personal benefits.
• Currently there are many health insurance plans
  available in the market across India.
• This plan is very helpful for individuals who
  have no dependents in their family members.
• The cost of buying health plan depends on
  individual affordability.

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Family Health Insurance Plans

• Family health insurance plans are designed for
  families as a whole.
• Since the plan covers more than one person, the
  cost of buying these health plans will be higher.
• Additional factors like age, gender, habits like
  smoking, drinking, etc. will make the plan more
  costly.
• However, these plans add multiple benefit to you
  and your family when you have to provide health
  care facilities to many people at same time.

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