Stay protected from the health insurance tricks
Sadly it comes a time in the life of every person when he or she needs medical care, and this is why health insurance companies have been created for. It is uncertain when and in what measure will you need the help, and this is called the risk factor. This is the notion through which the big profit of insurance companies can be explained.
The main point of a health insurance is to spread the costs of the medical care among many people and to help people in case of high expenses. Although these companies should play fair, in many cases they are trying to find solutions to reduce the amount of costs that they have to cover in order to increase their profit.
All this explains why the insurance companies are trying to get 'good risk' customers and they are trying to leave out the 'bad risk' customers. Good risk refers to young people who are healthy and unlikely to need medical care. Bad risk usually refers to older people with health problems.
An application for health insurance could be rejected based on your health status. Usually the companies don't want people to get sick in order to get an insurance policy, and this is why they set a pre-existing condition scheme. This refers to a health issue that existed before you applied for their services. Remember that the individual health insurance and the group health insurance plans could vary regarding the conditions of pre-existing illnesses.
The people who have health conditions in the moment when they sign the contract cost the insurance company a lot more money, than those who don't have any conditions. Nonetheless there are some companies that offer you coverage although you have pre-existing conditions, but they refuse to pay for your expenses regarding that condition.
In the majority of the cases there is a waiting period of about 9-12 months. In this time the company doesn't offer coverage for the pre-existing condition. It is also possible that the insurance company attaches riders to your policy that includes the waiting period or other exclusions from the coverage.
The premiums that you have to pay could get a lot higher in case you belong to a high-risk group, for example if you are older, you are working in dangerous circumstances, or you have some pre-existing health conditions.
In case of healthy people the insurance companies come up with high-deductible, low-premium plans, while in the case of older people or people with health conditions they offer health insurance plans that are a lot more expensive.
If you are looking for full coverage, there is a very high price to be paid. This is why a lot of people might remain uninsured or underinsured in spite of the many affordable health insurance [http://www.medicalhealthinsurancetoday.com/] plans out there.
Besides all these, there is also the threat of insurance fraud against which you can't really protect yourself. The majority of people realize that they have been a victim of such frauds in the moment they file a claim and the company doesn't cover the expenses.
The main point of a health insurance is to spread the costs of the medical care among many people and to help people in case of high expenses. Although these companies should play fair, in many cases they are trying to find solutions to reduce the amount of costs that they have to cover in order to increase their profit.
All this explains why the insurance companies are trying to get 'good risk' customers and they are trying to leave out the 'bad risk' customers. Good risk refers to young people who are healthy and unlikely to need medical care. Bad risk usually refers to older people with health problems.
An application for health insurance could be rejected based on your health status. Usually the companies don't want people to get sick in order to get an insurance policy, and this is why they set a pre-existing condition scheme. This refers to a health issue that existed before you applied for their services. Remember that the individual health insurance and the group health insurance plans could vary regarding the conditions of pre-existing illnesses.
The people who have health conditions in the moment when they sign the contract cost the insurance company a lot more money, than those who don't have any conditions. Nonetheless there are some companies that offer you coverage although you have pre-existing conditions, but they refuse to pay for your expenses regarding that condition.
In the majority of the cases there is a waiting period of about 9-12 months. In this time the company doesn't offer coverage for the pre-existing condition. It is also possible that the insurance company attaches riders to your policy that includes the waiting period or other exclusions from the coverage.
The premiums that you have to pay could get a lot higher in case you belong to a high-risk group, for example if you are older, you are working in dangerous circumstances, or you have some pre-existing health conditions.
In case of healthy people the insurance companies come up with high-deductible, low-premium plans, while in the case of older people or people with health conditions they offer health insurance plans that are a lot more expensive.
If you are looking for full coverage, there is a very high price to be paid. This is why a lot of people might remain uninsured or underinsured in spite of the many affordable health insurance [http://www.medicalhealthinsurancetoday.com/] plans out there.
Besides all these, there is also the threat of insurance fraud against which you can't really protect yourself. The majority of people realize that they have been a victim of such frauds in the moment they file a claim and the company doesn't cover the expenses.
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