Full Coverage Health Insurance

 

 

Unlike scheduled insurance policies, full coverage health insurance or comprehensive insurance plans offer complete coverage for the insured. They offer coverage to basic medical procedures as well as emergencies. Full coverage policies are the way to minimize financial expenses if you are regular at getting medical check ups. 

The coverage for hospitals and doctors is subject to deductibles. The higher the deductible, longer and wider is the coverage.[br]

 

Identifying The Best Full Coverage Health Insurance

There are many full coverage health insurance plans in the market, making comparison shopping the need of the hour. As marketing becomes more and more misleading, the ball comes back to the consumer’s court. Be sure to go through the terms and conditions of the insurance plan and keep an eye on the exclusionary rider.

An exclusionary rider is the clause mentioned in the policy that lists all the medical conditions that are excluded from the policy’s purview. While reading through this clause, look for the diseases or conditions, such as hypertension, which can result in a range of other medical conditions, which thus stand excluded despite not being mentioned in the list. In such cases, inquire about the fall out diseases and their coverage.

Compare premiums and deductibles across all options. Higher deductibles mean delayed coverage, especially if the premium is paid monthly. Therefore, prefer for a policy that offers complete coverage sooner, even if it means slightly higher premiums.

Another area to focus is the co-payment. You don’t want an insurance policy that offers coverage superficially and in reality ask for higher co-payments for regular as well as emergency medical assistance. While looking for co-payment, watch out for the network based referral system as well. If you travel a lot or prefer certain doctors and hospitals, it is most advisable to inquire about the policies that offer coverage for preferred doctors.[br]

HMO and PPO are two popular options with full coverage health insurance. Each offers a specific network of specialists and hospitals for medical assistance; however, HMO is more restrictive in terms of referring to medical assistants outside the network.

Finally; pick full coverage health insurance with an eye on your needs. If you are in your prime, consider a catastrophic insurance that costs lesser, and yet offer a fair amount of coverage.