Medical insurance is important because if you do not have coverage, the high cost of medical bills will be solely your responsibility.
A Policy will help protect you against the high cost of medical care.
Supplemental health insurance covers the expenses that regular medical insurance policies may not cover because of the deductibles and co-payments that have to be paid. These policies also cover the expenses that main insurance policies do not cover, such as loss of income and living expenses.
These plans are geared towards those who are self-employed, towards families with children, toward those who are unable to pay huge medical bills and towards those who cannot afford to take long periods of time off from work for an illness or injury. It is also geared towards those who are on Medicare.
There are many benefits to having a supplemental policy, which includes:
The most common type of policies are for those who are on Medicare, which does not cover long-term health care, at home, care, nursing homes, or prescription drugs.
Basic health insurance plans are among the most popular and least expensive plans. Almost anyone qualifies for this type of policy, which helps cover the most common medical expenses such as visits to the doctor's office and lab test fees. There are no deductibles or co-payments, so this policy is very beneficial if combined with other high deductible health insurance plans.
Before deciding on such policies there are several things to consider. One is if you are a high risk for serious illness, hospitalization or accidents. If so then this may be a policy for you. And you need to ask yourself if you can afford such a policy. If the answer is yes then you may want purchase a policy.
There are many policies, the following are three of the most popular:
Supplemental health insurance is beneficial to many and should be seriously considered.