Health insurance is the kind of plan whereby the health insurance company promises to pay the expenses incurred on health care services. Of course, the health insurance agency will not pay for the expenses without anything in return. These expenditures will be repaid by the agency in return for premiums. When a person buys the health insurance, he will be in a binding contract with the insurance agency and this firm will be liable to pay for any expense that may have been incurred by the policyholders to treat an injury or illness.
If you are thinking about getting a health insurance then you should know that you will first have to apply for this kind of policy and then make regular payments of the premiums either through payroll deduction or directly from your pocket. Generally, in health insurance the holder of the policy is insured but if he wants to include his family or spouse in to this kind of plan then he will have to pay higher premiums.
There are also cases where the health insurance is purchased by an association or group or the employer and in such a situation, those who are a part of this association or group are together covered. Each individual will receive a certificate of health insurance.
Many people many not know this but apart from paying the premiums for the health insurance, the policy holder will also have to pay for the deductibles and he will also be responsible for the co-pays, which can be a fixed amount for each visit or a percentage of the total charges. These are generally predetermined.
By getting a health insurance, you will not have to worry about paying for the expenses that are incurred when you get sick or when you are injured. Once you get this kind of policy, the health insurance company will be liable to pay for all the expenses that you incur on health care services. At present, most of the health insurance policies that are offered by insurance agencies put certain restrictions on the policy holders.
For instance, the policy holders can not choose the health care provider of his own as he will have to select from the list of providers provided by the health insurance company. Of course, there are also some health insurance companies who do not impose this kind of restriction on the policy holders but the premiums charged by these agencies are a lot more.
Generally, if you are working then your employer will get the health insurance plan for you. On the other hand, if you are self-employed then you will have to get a health insurance plan by yourself.
One thing that many people ask about health insurance is whether this kind of policy can be cancelled at any time. Usually, there is no reason why policyholders can not cancel their plans but the policy holder may have to pay a fine. Of course, you will be able to find out more on this when you talk to a health insurance company.