All About Health Insurance And Health Insurance Plans
- Date: 2009-04-25 - Word Count: 395
Share This!
A type of insurance that pays all your medical expenses is known as health insurance. Health insurance sometimes also includes long-term nursing, disability and custodial care. An insurance that insures your life by paying you if one gets disabled. Disability insurance is the answer to the question "if I am unable to work how I will pay my living expenses". Lon-term care insurance is also stated as LTCI. It is a type of insurance which is most commonly used in UK and USA. It insures your life after predetermined period is over. Health insurance can be provided by ether a private company or directly by government to the customers. Health insurance, if purchased in group by a firm or a company for its employees, gets discount. One has to pay the premium of the health insurance plan. This premium can be monthly, quarterly or yearly.
Evolution and history of health insurance: -
Around the 1880's, people buoyed the accidental insurance which busted out to be a blessing in disguise for those who got injured in accidents. The term health insurance was originated in late 1880's. Earlier health plans offered compensation only when the victim suffers from an injury during accident. However at that instant of time the persons were prone to more injuries which were related to some other circumstances, therefore it helping in preparing the people for some more comprehensive types of plans which were installed later by insurance companies. There were people who couldn't pay off their monthly fees but still they were in need for having protection afforded by insurance. This was the term when the employee health insurance gained popularity and become common among them. Before the Second World War ended in 1945 there were around hundreds of businesses who offered health insurance if someone works for them in exchange.
How health insurance plan works: -
There are many terms that are used in reference to the health insurance. Some of them are: -
1. Deductible: - it is the amount of money that a customer has to pay from his pocket out of the total expenses. This can be fixed for a year or a percentage each time one pays for his health.
2. Copayment: - it is the amount of money that a customer has to pays each time he takes a service. For example, the visiting charger of a doctor has to be paid by the costumer.
Evolution and history of health insurance: -
Around the 1880's, people buoyed the accidental insurance which busted out to be a blessing in disguise for those who got injured in accidents. The term health insurance was originated in late 1880's. Earlier health plans offered compensation only when the victim suffers from an injury during accident. However at that instant of time the persons were prone to more injuries which were related to some other circumstances, therefore it helping in preparing the people for some more comprehensive types of plans which were installed later by insurance companies. There were people who couldn't pay off their monthly fees but still they were in need for having protection afforded by insurance. This was the term when the employee health insurance gained popularity and become common among them. Before the Second World War ended in 1945 there were around hundreds of businesses who offered health insurance if someone works for them in exchange.
How health insurance plan works: -
There are many terms that are used in reference to the health insurance. Some of them are: -
1. Deductible: - it is the amount of money that a customer has to pay from his pocket out of the total expenses. This can be fixed for a year or a percentage each time one pays for his health.
2. Copayment: - it is the amount of money that a customer has to pays each time he takes a service. For example, the visiting charger of a doctor has to be paid by the costumer.
Related Tags: finance insurance
Get instant insurance rates from multiple carriers online. Free comparison for cheap auto, low cost health insurance, affordable home insurance quotes. We are dedicated to helping consumers find the most affordable and competitive home insurance on the web. Your Article Search Directory : Find in Articles
Recent articles in this category:
- Motor Trade Rundown
It is not just cars that must be insured on British roads, every type of motor vehicle is required b - Claiming Compensation For Defective Products
Compensation claims for injury and damage caused by faulty, defective products normally target eithe - Ideas To Uncover Affordable Rate Auto Coverage
These days, everyone is looking for ways to lower expenses. Certain costs like home and car insuranc - Should It Be Illegal For People To Drive Without Vehicle Insurance?
There are many drivers on the road who drive un-roadworthy vehicles. The worst part is not that they - Do You Need Static Caravan Insurance?
Static caravan insurance is an automobile insurance that deals with vehicles that are used while on - Insurance - Tool For Personal Finance Planning
Financial planning is must for every individual. When we start saving money for our goals, there is - Family Life Insurance Policy For The Families Staying In Dubai
The main motive of insurance policy is to give financial security to the person's family especially - Buying Temporary Health Insurance In Florida
You are the resident of Florida? You are between jobs and therefore are not looking for a long term - Car Insurance Is Of The Utmost Importance In Today's Lifestyle
In today's hectic lifestyle we are always rushing to get from one place to another, whether it be ru - Health Insurance Companies Are Using New Laws As An Excuse To Raise Their Rates
Government officials are cautioning insurance companies to stop utilizing scare tactics to steam up
Most viewed articles in this category:
- International Health Insurance: Insure Yourself While in Go
We all will agree that whether we are living in our home country or abroad, our health needs constan - It's Never Too Early to Buy a Long Term Care Health Insurance!
Most people delay buying a long term care health insurance because they think that it is too early t - Home Owner Insurance Quote: Stay Safe!
Your house will not be fully secured until and unless you have a home owner insurance policy. A home - The Benefits of Health Insurance Are Immense!
Almost everyone in this world has fallen ill sometime or the other. Apart from illness, many people - What Happens When You Make An Insurance Claim?
If you've never filed a loss claim before, you might feel nervous and confused about the whole proce - Pet Health Care Insurance: Show your Pets That you Care!
Having a pet in one's household is a joyful experience. It can provide you with entertainment, compa - Three Ways to Buy Long Term Care Without Paying Premiums Out of your Pocket
Stop 100 people over 65 on the street and ask them if they will ever need to go to a nursing home an - Protect That Bauble: Engagement Ring Insurance
Engagement ring insurance can protect your bauble in case a worst case scenario happens...So you've - Do I Need Diamond Ring Insurance
If you have to ask whether or not you need diamond ring insurance you probably do. There's somethin - Choosing a Benefits TPA
The use of third-party administrators (TPAs) is one of the hottest trends in insurance today. Accor
