Low Cost Health Insurance
Low Cost Health Insurance
Can you afford to be without it?
By: Tom
Young
Being without Health Insurance
can be
financially devastating for two reasons:
1. Unbearably
high
premium payments
2.
Cost of medical
treatment.
These two reasons justify searching for and comparing health insurance quotes from many sources. Diligent searches are undeniably necessary to find a reasonably priced plan that can eliminate tremendous costs due to premium price increases and advances in modern medicine.
Perhaps
you
know of a
family that has gone
bankrupt due to an
unexpected illness.
After all, modern diagnostic and
treatment procedures are more expensive than ever before. Not
everyone can afford the full cost of medical treatments that could
easily add up to many thousands/hundreds of thousands of dollars.
Getting low cost health insurance
is an absolutely necessity.
The
tremendous increase of
health insurance prices in recent years
has been attributed to
various
health-related factors such as . . .
The lack of regular exercise, unhealthy
food choices, an exodus of doctors from poor and rural areas, alcohol
consumption, cigarette smoking, drug addiction, obesity and the
sedentary lifestyle of most modern individuals.
Health
insurance was
originated in 1694
by Hugh the Elder
Chamberlen.
Until the late
19th century health insurance was called disability insurance. It was
called
disability insurance because it was limited only to cover the medical
costs of injuries that potentially lead to disability.
Today,
health
insurance
pays
medical costs caused by disease or accident.
Both incidences can be covered by the insured's plan.
There
are
private
organizations and
government agencies that
offer health insurance.
Therefore, health insurance is classified into private sector or
government-sponsored coverage.
A
private
sector health
insurance,
health
insurance for individuals - and/or group health
insurance is purchased from a private health insurance company. Most
often these are large corporations. Also, travel health insurance for
individuals has become popular for those who like to see the world.
These
policies are further divided into two classifications as follows:
- Employment based group health insurance through one's employer - "Direct purchase" individual health insurance from a private company
Private health insurance is
controversial because . . .
the insurance
company needs to remain solvent
regardless of claims.
Private health insurance carriers assume that the
insured should remain in good health or be willing to pay a much higher
price for coverage. They reserve the right to refuse claims and/or
coverage to those individuals or groups they deem "high risk" or
"unfit".
Government health
insurance is funded by a government entity.
It may be funded on a
federal, state, or local level. This health insurance includes
Medicare, Medicaid, military health care plans,
state plans, or the State Children's Health Insurance Program (SCHIP).
|
Medicare is a government health insurance which pays health care costs for those 65 years old and above. Medicaid is also a government health insurance coverage which helps families with dependent children, those who are disabled, blind people and the others who have disabilities and need health insurance. These two health insurance coverage programs complicate the current United States health insurance crisis because they unintentionally determine the price of medical diagnostic and treatment procedures. State Children's Health Insurance Programs provide health insurance to children who have low-income parents that do not qualify for Medicaid. Military health insurance is provided to active duty military personnel and their civilian dependents as well as veterans through the Department of Veterans Affairs (VA). State Specific Health Plans are health insurance plans provided by some states for low- income constituents who cannot afford insurance. Health insurance applicants are required to fill out a comprehensive medical history form that includes - history of smoking, drinking, height, weight, past diseases and hospitalizations. This medical history is necessary because individuals with pre-existing medical conditions may be excluded from coverage for that particular condition or may not be eligible to qualify for health insurance at all. |
May be given to applicants who are proven to be healthy, and who have no vices such as smoking, drinking alcohol regularly, and/or drug abuse.
The
final
analysis is:
No
one can afford to be without health insurance!
Article Source: http://Articles4info.com
Reference: For
in depth definitions of the types of health insurance,
health insurance
riders and health insurance addendums visit
http://wikipedia.org/Health
Insurance
