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Health Insurance Plans, A Good Investment

Todays Date: November 18, 2018

Why is it a good investment to buy a health insurance plan you may ask? The reason is the high costs of health care become higher and higher and make it more reasonable to get a health insurance plan. It is only through these plans that one is able to cover the increasingly high costs of medicine, treatment and hospitalization. Seniors have the most need for such plans.

Health insurance plans are central to the familiar financial stability given that they provide coverage when unexpected events happen and allow the family to remain financially sound. Health insurance plans offer insurers with benefits that would allow them to be covered when in a hospital or ill.

There are some health insurance plans that could provide health coverage for people of old age in exchange for the payment of a fee every year. In order for seniors to be accepted as such by insurance companies, they need to be older 65 or whatever the national profile is. Some policies apply to people that are older than 70 or 75 years.

The criteria for a person to be approved by a health care provider should not be age but health condition. In this scenario, an insurance company will judge whether a person qualifies for a plan on the basis of their health not age. So for instance, if a person has heart condition and poor health, he or she would be likely to be rejected regardless of their age. Unfortunately, age determines how high or low the monthly payments for the health insurance plan will be.

One of the benefits of health insurance plans is that it enables an insured to be treated by a qualified practitioner in a well equipped hospital. These types of plans will cover up to a percentage of the costs of the medical expenses. In case of emergencies, health insurance plans would also cover for medical expenses incurred outside the country when the stay does not exceed 90 days.

Health insurance plans cover also the cost of accidents, accidental death and organ loss. Some plans cover also funerary costs. In the case that the insured passes away as a consequence of an illness or accident that is cover by the health insurance plan, his or her dependents will be protected without need of the payment of a commission for a period of 3 years

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