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Family Health Insurance

Instead of purchasing individual health insurance to your parents, spouse and children you could well buy family health insurance. This will be greatly better as they will offer grand service by covering good premiums.

Author: Shane Fallas
Date: Sep 25, 2009 - 6:16:31 AM

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Individual health insurance is essential for everyone, and it is very much important to have family health insurance if you consider their health too. Instead of purchasing individual health insurance to your parents, spouse and children you could well buy family health insurance. This will be greatly better as they will offer grand service by covering good premiums. Deciding to get a family health insurance plan will be a bit expensive but it is not a big issue, as you can find out a policy that comes under your budget.

 

Everyone is greatly aware of the hospital expenses and the massive amount they need to spend if they step into the door steps of the hospital. Though a good care is provided by hospitals, they need to spend huge amount of money for that. In order to make things smoother and to sail in the safer side, you could purchase a family health insurance policy to your family members.

 

For instance, if any of your family members has met with a serious accident and has come out with injury, then you need to spend dollars and dollars to cure the injury. Paying a huge amount from your pocket will really be troublesome and it would never be possible at times if you don’t have enough money in your pocket. At this time, consider if you hold a family health insurance plan the trouble will be gradually trimmed down. It is not required that you need to pay the full amount at once. It is just enough to pay some percentage amount and the rest of the expense will be taken care by the insurance policy plan. So is wise and good to have a health insurance plan as it gives a great hand during any critical situation.

 

With family health insurance you will be getting various other bonuses in quite number of ways. Generally the price rate is merely lower when compared to the individual health insurance plan. The reason for this is, the whole family and all its members will be included and covered into the insurance plan at a low rate of premium. Generally there are two different types of family health insurance plans.

 

Indemnity Plans – This type of plan will generally offer a wide option of giving the lists of doctors, specialists and hospitals. But the major thing you need to know is, you need to pay the medical expense amount when you settle the bill. That is, you need to pay the money from your pockets first, and will be claiming the amount later from the insurance company. The health insurance company slashes downs the deductible amount and will pay the remaining amount at a set fee known as UCR (usual, customary and reasonable) for any remedial service you have taken.

 

Managed Care Plans – This type of insurance will give a list of hospitals and doctors and you will bind with a limit. They will be providing the medical care at a reduced rate. Anyway you will be bound to some restrictions to avail their services. The highlight in this plan is, you never need to spend any amount from your pocket. The doctor or the hospital will claim the amount directly from the insurance company. Please visit http://www.shop4holics.com

View all articles by Shane Fallas

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