All About Health Insurance: Update Dec. 19- 2009 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.

Health Insurance - Facts Individuals Should Know

By Chimerenka Odimba

Individuals seeking health care need to be aware of some important facts. These facts would help them make the right choice more so these days when health care is becoming more and more expensive.

There are basically two types of health insurance plans. They are: Indemnity plans and Managed-care plan otherwise known as health maintenance organizations (HMO).

Let's try to look closer into these plans.

Indemnity plans are plans where you get to choose your doctor, medical facilities. In general, you decide a lot about your health care. Most organizations use this for their staff and pay usually a monthly premium and a pre determined deductible.

This plan is by far the more expensive plan with a family of four under this plan with low deductible being required to pay as much as $2000 monthly. You can agree that this is quite expensive.

For people on this plan, one way to reduce your rate is by raising you deductible considerably. This is an especially wise move if you have a healthy family rarely needing health care.

The second plan - The managed-care plan is a plan utilizing the network principle. In this plan also known as health maintenance organization, a group of hospitals, doctors, clinic and other medical facilities come together to form a network. This network provides low cost health care to members of the network. This option can save you a lot of money.

The down side of this is that because they need to keep costs down, they tend to be inadequate in cases of serious health conditions needing specialized care.

For the best health care. your best bet is indemnity plan. But if you don't have the funds for this, you can go with the managed-care plan.

You can still search for cheaper indemnity plan by comparing health insurance rates. Just go to quotes comparison sites and get quotes. With these quotes, you can compare health insurance rates to find insurers offering cheaper coverage.

How do I start my quotes comparison?

Here are two great sites to start your health insurance quotes comparison.

Health insurance Quotes and
Compare Insurance Rates!
Chimerenka Odimba is the publisher Several finance based sites.

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

Why Do My Health Insurance Premiums Keep Increasing?

By Jenn Rayan Wong

Health insurance premiums in California and nationwide, rise primarily due to four major reasons:

1. Advances in medical technology means higher claims costs.
2. Price inflation for medical services is greater and exceeds inflation in other sectors of the economy.
3. Health Insurance Costs shift from the uninsured and those receiving Medicare and Medicaid over to the private sector
4. Consumer lifestyles, such as smoking, physical inactivity, obesity and heart disease.

As consumers, we really have no control over the first three, but we can take control of our own lives by eating healthier, exercising, and not smoking. If we all make a conscious effort to live a healthier lifestyle, it will not only benefit us individually, but collectively, as a society. We will need less medical care and eventually we can start to stabilize the cost of Health Insurance because people will have fewer claims.

If you live in California in the Los Angeles region, don't hesitate to contact me to review your current plan. We can make sure you're in the most cost effective health plan that meets your needs. If you're currently uninsured, it can be a lot less expensive and more affordable than you think! I've worked with students and freelancers in Los Angeles who sometimes end up paying less than $100/month! (Especially if you're willing to consider a higher deductible.)

You may even be eligible for an HSA (Health Savings Account) which offers some great tax benefits if you're self-employed and want to open an additional IRA.

Call me anytime to discuss at (323) 464-TODD (8633) or write me at toddshealthinsurance@gmail.com. For a more details about Health plan, Health coverage, Health insurance agent, visit our web site.

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

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