Good Health Insurance

By: EconomyWatch Content   Date: 15 February 2010

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Health insurance is qualified as much by its coverage as your needs. An insurance plan that seems a good deal for a young man, due to its lesser premium, might not suit an elderly, who needs immediate coverage plans. Therefore the concept of good health insurance varies from person to person, and the best plan for a person offers a rather complete coverage without costing a lot.

A good health insurance can, technically, be divided into various sub insurances, such as accident insurance, disability income insurance, medical expense insurance, and accidental death and dismemberment insurance.

Picking a Good Health Insurance

A good health insurance is characterized by the amount of coverage it offers. Equally important is the exclusionary clause that specifies the medical conditions that are not covered. Therefore, before picking a health insurance plan, it is crucial to read thoroughly the clauses specified in the contract to avoid any confusion later.

Health insurance issuers may also try to hide exclusions by altering the definitions of words. For example, they may define emergency as a situation that is life threatening; however, may not be urgent in basis. Just a slight change in the definition may disqualify your reimbursement pleas for medical assistance for diseases that were urgent, but non lethal.

Similarly the other words whose definitions one must check for are:

  • Medical emergency
  • Medically necessary
  • Accidental injury
  • Experimental or investigational
  • Pre certification
  • Pre-existing condition, and
  • Reasonable and customary

Once done with the definitions, move on to the procedures that must be followed to claim reimbursements. Read through each section carefully as such clauses are flooded with positive terms indicating easy reimbursements; the truth, however, remains a different story.

At the time of picking a health insurance plan, identify the best three plans on the basis of their coverage and co payments. Go through every clause or consult experts to identify the best options. Always map your needs with the features of a health insurance plan. You can also use as the services of brokers to find good health insurance plans.


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