Types of Health Insurance for Best Coverage
A good health insurance cover is very much necessary in the present days as the cost of medical care system has become abnormally high making it difficult for the common man to pay it directly. To help in meeting medical emergencies, cost of hospitalization and costly medical procedures you must have to find the right health insurance among various types of health insurance available in the market. If you are working for a Company most of them offer group health insurance schemes that cover you in their health insurance scheme. Some of the companies offer health insurance coverage for your family members also.
Usually the health insurance policies are designed in such a way that they cover the expenses you have to meet towards the hospitalization, doctor visits, inpatient and outpatient procedures, medicines, lab investigations etc. The nature of coverage offered by your health insurance policy depends on the types of health insurance that you have chosen for you. The benefits that you can get under your health insurance policy depends more on the nature of coverage that is available under the policy.
You can fit all the health insurance policies available now under two broad categories of
- Major Health Insurance Plans that give a very broad range of coverage for an enhanced cost of policies. They can be customized as per your needs and can be taken to cover all the costs involved in your medical treatment including the cost of X- rays, medical investigations, mental health services etc including all other normal expenses associated with your treatment.
- The Basic Plans are the ones that are not as expensive as the major plans and these types of health insurance though cover all the expenses that arise out of your health problem and resulting hospitalization usually have an upper limit on the amounts that will be paid by your health insurance company. Any amount that comes over and above the limit will have to be borne by you.
What Types of Health Insurance Are the Best for Me
Among various types of health insurance you must select a good insurance policy that gives a wider coverage of all the expenses connected with your medical treatment at the lowest possible premium amount. This must be so flexible enough to offer the right type of coverage to cover all eventualities in your life. Under a traditional health insurance scheme when you have chosen the Hospitalization option that is based on the fee for services type of coverage the payment will be in the form of a fixed sum irrespective of the actual amount you are liable to pay.
Another of the types of health insurance schemes comes in the form of Preferred Provider Organization (PPO) and these give a wider coverage offering both the benefits that you can expect from a traditional health plan and also give the savings of the health management organizations. For getting the better coverage in respect of your health related expenses you have to be very careful in selecting the one among the various types of health insurance policies that give the better protection.