We live rushed lives, full of frantic worry, stress and unhealthy and certainly unbalanced diet. But these are things that you can control in your life. You can go to bed early, rise early, eat healthier and be more physically active to stay in shape. Unfortunately, that isn't always enough. Life has a way of throwing rather unpleasant surprises towards you at the most inopportune of times. These are the moments that you have to prepare for - the future of your health is at stake, after all. One way to ensure that your future is a brighter is by buying health insurance. But it isn't as simple as walking to an insurer and picking the first plan that catches your eye. You need to settle down and think first - think about your needs and potential needs, and your budget how far you could stretch it to accommodate your needs.
1. Sit down and look at your finances. How much can you spare for your health each month? Or if you're thinking about paying premiums on an annual or bi-annual basis, how much can you spare for it?
2. At this point, you should also be able to decide whether you want to opt for plans with deductibles or co-pay. Should you want to take up deductibles, you would end up paying a specific part of your expenses, and after this limit has been reached, the company takes over and starts paying your medical bills.
3. Co-pays on the other hand decide a certain percentage of the over-all expenditure, and you'll have to pick up that amount of it, while the insurance company takes up the rest.
4. While you're at it, decide whether you would want a single or a group premium.
5. The premium could vary depending on the coverage as well - think about whether you want your insurance to cover only preventive care for you or whether you want it to cover treatment - emergency as well as regular - too.
There's a lot of other nitty-gritty to wade through, as well.
1. Keep in mind that you should see that medication prescriptions are covered. They can be painfully expensive should the need arise for you to purchase them, and it is best not to rue something that you should've done.
2. Check whether you have a good health insurance plan before you - shop around and look at various plans from various companies.
3. See whether you're only allowed to be checked on by a specialised network of doctors. If there isn't such a doctor near you, you might be in a soup. If you are admitted to the care of a doctor not under the specific network, you might end up footing your medical bill despite having insurance.
4. It is best that you be wise in your health planning; stretch your financial limit as far as it will go and plan a safe future for your health.
After all, good health doesn't have to mean a drain on your wealth ïŠ
Arundhati Kher is a finance expert and advisor for insurance policies. In this article she is explaining how can we plan for health insurance and acquire benefit from it. Read her articles to get more details on insurance related queries.
Article Source: http://EzineArticles.com/?expert=Arundhati_M_Kher
1. Sit down and look at your finances. How much can you spare for your health each month? Or if you're thinking about paying premiums on an annual or bi-annual basis, how much can you spare for it?
2. At this point, you should also be able to decide whether you want to opt for plans with deductibles or co-pay. Should you want to take up deductibles, you would end up paying a specific part of your expenses, and after this limit has been reached, the company takes over and starts paying your medical bills.
3. Co-pays on the other hand decide a certain percentage of the over-all expenditure, and you'll have to pick up that amount of it, while the insurance company takes up the rest.
4. While you're at it, decide whether you would want a single or a group premium.
5. The premium could vary depending on the coverage as well - think about whether you want your insurance to cover only preventive care for you or whether you want it to cover treatment - emergency as well as regular - too.
There's a lot of other nitty-gritty to wade through, as well.
1. Keep in mind that you should see that medication prescriptions are covered. They can be painfully expensive should the need arise for you to purchase them, and it is best not to rue something that you should've done.
2. Check whether you have a good health insurance plan before you - shop around and look at various plans from various companies.
3. See whether you're only allowed to be checked on by a specialised network of doctors. If there isn't such a doctor near you, you might be in a soup. If you are admitted to the care of a doctor not under the specific network, you might end up footing your medical bill despite having insurance.
4. It is best that you be wise in your health planning; stretch your financial limit as far as it will go and plan a safe future for your health.
After all, good health doesn't have to mean a drain on your wealth ïŠ
Arundhati Kher is a finance expert and advisor for insurance policies. In this article she is explaining how can we plan for health insurance and acquire benefit from it. Read her articles to get more details on insurance related queries.
Article Source: http://EzineArticles.com/?expert=Arundhati_M_Kher
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