Thursday, September 20, 2007

Affordable Health Insurance Plans

An affordable health insurance plan is available through many insurance carriers who have web sites where the potential client can check for the package that suits his needs, provided his income will allow for an approximately $500 monthly premium (higher if there is a family). Plans vary in their basic coverage, deductibles, and co-pay schedules. The least costly plans are available to groups, so the insurance policies through employers are the best choices for most Americans.

Where one is self-employed but not am employer or you are working for a company that does not provide a health insurance plan, then looking for a policy on the Internet will provide a rather long list of companies to choose from. One such affordable insurance plan is the Health Savings Account (HSA), which can be funded with pre-tax dollars. The funds put into this account can be used to pay the deductibles or co-payments, dental services, including bridges, braces, and crowns. The HSA can cover for vision care also, including glasses and surgery, long-term care, medically related transportation and lodging. Typically, HSAs cannot be used to pay for health insurance premiums except when one is receiving state or federal unemployment.

The affordable health insurance plans available through employers are most often managed care policies which restrict the physicians and hospitals used by the insured, and will have some sort of deductible or co-pay provision so the insurance company isn't paying the entire bill after treatment. Medicines are usually included in the managed care plans, but it is very expensive for an individual to obtain. In fact, for an individual to have medicines covered, he must add a rider, requiring an increase in premium. An indemnity policy is a choice for affordable health insurance plans, where the insured pays a fee for services as received. An Indemnity policy, gives the insured an unlimited choice of physicians and hospitals from which to choose, which is more suitable to many folks.

When one listens to the television news reports of diseases running rampant in our world, it constantly reminds us just how much we need affordable health insurance plans. Employers usually provide insurance for the workers who are providing the product or services the company provides. The size of the company and its income has a lot to do with the options that are provided. A small businessman will be at a disadvantage when it comes to the costs, where a larger company can do better because of the added income and stability of his work force. For an individual looking for affordable health insurance plans, his particular circumstances will make a difference in what he looks for. If we still had Jesus walking among us, there wouldn't be a need for insurance: "And Jesus went about all Galilee, teaching in their synagogues, and preaching the gospel of the kingdom, and healing all manner of sickness and all manner of disease among the people." (Matthew 4:23)

For more information:

No comments:

Post a Comment