Family Health Insurance Policy
What is family health insurance cover? Simply put, it is an agreement contracted between you and the insurers, and designed to protect you and your dependants against any financial constraints arising on account of a medical emergency. And while medical and preventive sciences have made huge strides in today's world, you still need to fortify yourself with the best family health insurance plan to serve as an adequate buffer against any unforeseen calamity. Indeed, America's best health insurance companies are in the forefront in carefully putting together some of the finest family healthcare insurance policies structured so as to combat any medical contingency.
Today we have a vast variety of affordable (and comparable) family health insurance policies. On the one side we have:
The Traditional Indemnity Plans, and on the other
The HMOs or the Health Maintenance Organisation. In between we have the
PPOs ( Preferred Provider Organisations) plan and the
POS (Point of Service) plan.
The latter two are hybrid variations of the traditional indemnity plans and the HMOs. While the HMO is normally credited with providing the customer the cheapest and most affordable health insurance but with minimal benefits, the indemnity plans are considered the most expensive but crediting with providing the customer maximum benefits. It Would be Smart to Pay Close Attention to the Specific Features and Family Health Insurance Quotes of Whichever Plan You Intend to Choose. For Example:
Just bought my first SMA and was very happy to have gone through Immediate Annuities.com. I found them in an article in the Wall Street Journal. As a first time buyer, I had a lot of questions. But to their credit, they did a great job answering my questions directly or getting the right answers from the right people when they needed to.
Are the prescription drugs that I habitually use also covered?
Do I have to pay application fees? (Please note that none of the best heath insurance firms require the customer to pay either for enrollment or for application fees).
Do I get cover for both inpatient and outpatient costs? Do they both share a common deductible in a single calendar year? (A deductible refers to a sum of money that you pay each year, upfront, for your medical costs, before your insurance cover starts to pay up).
Are the benefits from such health insurance cover on a fixed schedule? Are they reasonable?
Is there a waiting period for such a cover before I am able to start utilising my policy? Are there any clauses, preexisting, that I ought to know about?