All About Health Insurance: All About Health Insurance Information By Insurance Experts

Health Insurance is defined as insurance to protect your health if any health program occurs in unforeseen future. It normally pays for medical expenses. It is sometimes used more broadly to include insurance covering disability or long-term nursing or custodial care needs. It may be provided through a government-sponsored social insurance program but only basic coverage, or from private insurance companies. It is wise to purchase comprehensive health insurance policy addition to your government coverages. A health insurance policy is a contract between an insurer and an individual or a group, in which the insurer agrees to provide specified health insurance at an agreed-upon price the premium.

Save Money on Health Insurance - Reapply With Your Current Insurance Company
By Jared J. Balis Platinum Quality Author

If you have had the same plan with the same company for two or more years, and if your insurance company will let you re-apply for the same plan, (or a different plan) consider sending in a new application.

Why You Pay More and More as the Years Go By

Typically insurance companies will approve a group of individuals and families at the same time and put them in the same "rate group." The members of that group will experience annual rate increases. For example if someone gets a 16% rate increase at their annual renewal, 12% of their annual rate increase might go to pay for inflation in the medical industry, and the other 4% might go to pay for the collective claims in that group.

That's fine if you are the one using your health insurance plan. But if you are one of the individuals or families in that group that remained healthy throughout the year and didn't use their benefits, you will may get tired of paying for someone else's medical care.

Save Money on Health Insurance Premiums and Keep the Same Coverage You Have Now

What you can do, is put your family or yourself back into a freshly underwritten group of individuals and families, where there are no unexpected claims or health problems. Rates for new applicants may have only been going up 12% a year, for example, which is just enough to cover medical inflation. You will most likely get a lower rate if your reapplication is approved. This is especially true if you have had the same plan for many years, as the "16% rate increases" have been compounding each and every year.

Find out if your insurer will let you reapply. If so, reapply.

For help re-applying to your current insurance company, or to review the options available to you, contact a local agent by completing this short and easy form.

To receive your copy of my free eBook titled "Seven Money Saving Health Insurance Tips" subscribe to my free "Valuable Health Insurance Tips and Tools" newsletter by visiting my website!

Article Source: http://EzineArticles.com/?expert=Jared_J._Balis

Save Money on Health Insurance - Tweak Your Coverage
By Jared J. Balis Platinum Quality Author

There are a number of things you can do to keep high quality coverage and save money on your health insurance premiums at the same time.

Lower Your Co-Insurance Percentage

Most plans cover 100%, 90%, 80%, or 70% of your medical expenses after you meet your deductible. If you have the option to lower your co-insurance percentage, consider moving making the switch to lower your monthly cost. Most plans will have out-of-pocket maximums (the maximum amount you would pay per year for all covered services, in the event of a catastrophe) to protect you in a major event, so it's not as bad as it sounds.

For instance, my out-of-pocket-maximum is $3,000 for the year. That's the most I would pay in one year, period. Changing your co-insurance percentage to a lower level might raise your out-of-pocket maximum or total risk a little bit. Find out the details before you make the change.

Drop Your Accident Benefit

Sometimes accident riders are a good benefit to have. They typically cover the first set dollar amount of an accident, before you are required to pay toward your medical deductible and co-insurance. Accident riders can be beneficial especially if you have kids. However, if you can do without this benefit, find out how much it will save you to drop it, if that's an option.

Reduce Your Annual or Lifetime Maximum Benefit

Some plans have very high lifetime maximums. I have seen them as high as $25,000,000. Also, you may be able to lower your annual benefit maximum. Only consider making these two changes if you feel confident that your maximum benefits are substantial. Even then, it's good to consult your agent.

Save money on health insurance coverage - tweak your benefits

For help changing your current benefits, or to review the options available to you, contact a local agent by completing this short and easy form.

To receive your copy of my free eBook titled "Seven Money Saving Health Insurance Tips" subscribe to my free "Valuable Health Insurance Tips and Tools" newsletter by visiting my website!

Article Source: http://EzineArticles.com/?expert=Jared_J._Balis

Student Health Insurance Plans
By Clarissa Winegarten Platinum Quality Author

Youth represents the future of a country and it's imperative to ensure their protection. They live in a fast world filled with lurking dangers. Road accidents have become so very common and it is the student population who are mostly affected by them. Their emotional make-up could also be responsible for such dangers.

Some have a do or die nature which constantly lands them in trouble. They are also easily prone to infections. Therefore it is advisable for them to take out student health insurance plans to ensure protection of their health.

Insurance companies have realized the potential of these student insurance plans and have come up with attractive options for students. Even the state authorities stress on the protection of student health by promoting various insurance schemes.

Students today enjoy a lot of freedom. No wonder they are prone to accidents and various types of infections. Parents spend large amounts of money in educating their children. An additional expense in the form of medical treatment could prove to be a huge financial burden for them. Therefore taking out a health insurance policy is the best way to lower this burden.

The choice of health insurance depends on the requirements of a particular student. Make sure to opt for one which enables you to make use of its advantages. Understanding an insurance plan is the most vital aspect involved in the selection of health insurance plan for students. An in depth analysis of various health insurance policies available should be done. The best way to get all information is through the Internet.

All reputed medical insurance companies promote their policies through their websites. All details, advantages and conditions to avail them are specified there. Rate comparison between different company policies can be made. Finally opt for one which you believe would yield you the best results.

The best way to find the cheapest student health insurance is to shop online for the best student health insurance coverage offering the benefits you need at a rate you can afford.

Article Source: http://EzineArticles.com/?expert=Clarissa_Winegarten

Back To Insurance Contents

Back To General Contents ( Home )

Back To The Top