Health Insurance

NEXT

Health Insurance is an insurance against the possible expenses due disease or injury. In many parts of the world Medical facilities and hospitals are too costly for an individual incase once meets with an accident or falls sick. In such scenarious, Health Insurance is availed by that individual to protect themselves against the unbudgeted and unforseen medical expenses.

Incase an individual has availed of a Health Insurance by paying the required premium amount, insurance will cover the individual and also pay the costs levied by the health care provider without adding any additional cost to the person as he has already paid the premium for availing this health insurance.

Health Insurance sometimes is provided by employers to its employees and their families as a contingency against medical costs. This varies from county to country and employer to employer. In some countries the government requires all employers to provide health insurance to their employees and their families to safeguard their interest incase of a medical emergency.

The coverage provided by employers or taken by the individual himself does not cover for all kinds of illness or body parts and majority does not cover cosmetic surgery or any dental surgery. These also do not cover fatal sickness and those have to be covered separately and premiums have to be paid over a long period of time to avail critical illness benefits.

Finally, the amount covered by these insurance policies is limited and covers upto a certain amount, this amount is decided based on the premium paid at the time of availing this insurance cover. Incase an individual is seeking medical assistance for any of his illnesses, it is always suggested to check with the insurance provider the amount available to him.