You may not understand why you need a health policy until you have a serious injury or sickness. If you are such that believes in the saying that prevention is better than cure then you will realize that health insurance can serve as a strategic step for prevention.
Health insurance is a cover against ill health. It is a form of insurance that covers the cost of losses incurred medically by a policy holder. It’s available for individuals or group of persons, such as corporate organizations, trade organizations, religious associations, clubs, and trade groups and so on. In either way, both the individual and group pay a fee monthly or annually to keep the policy active. Insurance fees are professionally known as premium. When the insurer collects premium he uses it to create a pool of fund out of which he pays your bills as well as finance his operation.
Having insurance can be a great preventive strategy.
Why? Being insured gives you access to regular medical check up, examinations, pre-screening exercises and test. With this, you will be able to keep surveillance on your health and take care of any suspecting problem before they become serious.
Buying a policy can be of two types. It can be comprehensive or scheduled.
A comprehensive cover, the insurer pays a percentage of the cost of hospital and doctor’s charges. This plan is usually expensive because it has a high pay outs and vast coverage.
The scheduled plan, there is a provison for day to day medical care.This type of cover is not effective on certain serious illnesses compared to the comprehensive.
The plan also cost less because of its low payout and limited coverage. When buying a cover you may be undermined by certain factors. Some of them may increase your premium and others may influence your rate down. These factors include your age, lifestyle, family health history, advance medicine, hight-the facility, specialist attention and so on. These are some of the parameters insurers use to come out with your bill.
If you already have a serious health challenge you may be denied a policy. Most insurance companies shy away from pre-existing condition because of the high risk and financial involvement. If you are lucky to get a company that accepts you with the condition, be ready to pay more.
Other set of people that can be declared unsuitable for insurance are smokers, alcoholics and junkies. This set of people is prone to dangerous sicknesss such as cancer, diabetes, kidney and liver related problems. The insurer considers that these serious challenges can be financially demanding and deny you.
One fact you should know is that, the broader the benefit package the higher the cost will be for you. To buy a policy, be careful with the company you settle with.
This is very important to save you regrets in future. Now, if you need health insurance, this little information will get you started.
Posted in 
