"Every single American needs to have access to health insurance – full-stop."
– Howard Schultz
Health insurance, a kind of indemnification, is deemed as one of the most rational ways of reimbursement in case of loss due to ill health, injury or an accident. The health insurance design was first introduced in the year 1694 by Hugh. With a lot of amendments over the years, a suitable health insurance design is now considered to be essential for an individual or a family.
Health insurance can be acquired individually or as a part of group policy. Group health insurance is generally offered by organizations and companies to their employees for insuring their family's health while individual health insurance policy can be bought by considering one's own requirements and needs. However, individual policies are expensive as compared to the group insurance. Moreover, group insurance provides an organized medical aid at hand to the employee who also get entitled to a free medical check up every year. Student health insurance is also one of the aspects of medical insurance policy aiding students in fulfilling their medical expenses.
Finding an affordable health insurance plan is no doubt a challenging task to accomplish. However, by studying various health insurance quotes being offered by a number of insurance companies, one can select a low cost health insurance plan to meet the costs of the medical ailments. Fee for service and managed care are the two categories of reasonably priced insurance plans being offered these days.
Before opting for a certain health insurance design, one must take a lot of factors into account. For instance, the most important step is to determine one's own requisites. The next factor to be considered is the insurance coverage that a company offers and the monthly premium required. Payments pertaining to the prescribed drugs are also compensated by certain insurance companies.
Hence, it can be concluded that a reasonable health insurance policy is a priceless certificate to secure as it promises medical protection and compensation of payments to the individual in times of need.