TOP HEALTH INSURANCE PLANS TO SECURE LIVING..!
From the term health
insurance plan we mean the reliable sources & options that could be adopted
for one’s family and also himself /herself which cover all the health related
expenditures that may be incurred in case of any health issues.
Through buying
the insurance policy the buyer ensures his/her family’s critical healthcare needs by
investing in the most appropriate insurance policy that will entertain him and
his family in the long run
WHY INVESTING IN HEALTH INSURANCE POLICY?
Once someone buys a
health insurance policy, he/She becomes secure for his/her future for if he faces any
health serious issues in the years ahead.
For instance take an example of
someone who has not bought the health insurance policy, any serious illness in
his/her life will hit him hard financially.
As this financial distress will not
only act as a great threat for the earned saving but it will also drag the
person into mental agony.
TOP RATED HEALTH INSURANCE PLANS..!
Before buying a reliable
health insurance policy, one must be aware of the fact that what is the best health insurance policy?
Mostly it is considered that the best insurance health plan is the high deductible Silver plan.
The
special features of Silver plans are as under,
THE MOST RELIABLE SILVER PLAN:
The key feature which is
the foundation stone of the reliability of the healthcare Silver plan is its
eligibility for the following,
·
HSA (Health Saving Account)
·
Premium Tax
Credits and ss
·
Cost Sharing
Reduction grants.
Among the other insurance
policies available in the market, this health insurance plan is the only one
that provides and qualify for all cost assistance types. It is the most supple
and flexible plan which offers premium opportunities to its consumers related
to their health issues and guarantee them a safe and secure future as far as
health issues are concerned.
WHY TO CHOOSE SILVER HEALTH INSURANCE PLAN?
The Silver plan is ranked
as the finest health insurance plan for its consumers on the basis of the
following opportunities it offers under Obama Care (the Affordable Care Act), the Silver
plan is the High deductible health plan which is eligible under HSA, means it
offers its clients the contribution of tax free investment to pay for dental
and vision health expenses which are usually out-of-pocket payments.
·
This Silver
plan requires its clients to pay annual deduction of $1300 and $2600 for
personal and family health coverage respectively after cost assistance.
·
This highly
affordable plan is the only one which qualifies for the Premium Tax Credits as
well as Cost Sharing Reduction subsidies.
·
This
effective plan adjusts the out of pocket as well as premium cost assistance for
its clients thus making its clients secure of any gain or loss of income
throughout the year.
GUIDELINES TO CHOOSE THE BEST HEALTH INSURANCE PLAN..!
Choosing the best health
insurance plan is not a simple job rather it involves a thorough consideration
on the following factors,
·
The cost of
purchasing each insurance plan is different depending upon the category to
which they belong. Usually there are five basic categories of health insurance
plans and these are Bronze, Silver, Gold, Platinum and Catastrophic, each with
a distinct pricing package.
·
Along with
monthly premium the out of pocket costs are another charges that a consumer has
to pay. So for a better insurance plan, these out of pocket charges should be
deeply considered.
·
The coverage
level offered by each insurance plan differs from the next one. A plan with
outstanding health services coverage should be adopted.
ACCORDING TO ANNUAL REPORTS ISSUED BY IRDAI:
IRDAI, insurance
regulatory and development authority of India uses to produce annual reports
regarding the world insurance scenario, which explains how much are the
countries investing in buying secure health insurance policies and how much
they are paying for that.
Following is the report issued by IRDAI as a result of survey conducted by reinsurance major Swiss Re.
Following is the report issued by IRDAI as a result of survey conducted by reinsurance major Swiss Re.
REGION WISE LIFE AND NON-LIFE INSURANCE PREMIUM
REGION/COUNTRY
|
LIFE
|
NON-LIFE
|
TOTAL
|
Advanced economies
|
2232.524
(56.67)
|
1706.79
(43.33)
|
3939.31
(100.00)
|
Emerging markets
|
422.03
(50.30)
|
416.91
(49.70)
|
838.94
(100.00)
|
Asia
India
|
892.32
55.30
(79.12)
|
425.25
14.59
(20.88)
|
1317.57
69.89
(100.00)
|
The above table shows
clearly how much countries all over the world are spending on health insurance
plans.
TOP
HEALTH INSURANCE PLANS IN INDIA..!
Following are some of the
best offered health insurance plans in India;
·
Preferred
provider organization (provides remarkable coverage within network)
·
Health
maintenance organization (here only the designated doctor is to be consulted
for all health issues)
·
Exclusive
provider organization (controlled costs are followed by limiting the hospitals
network)
·
Short term
medical (these are made to fill the gaps between insurance coverage)
·
High
deductible health plan (offers lower monthly premiums but higher deductions).
Author Bio:-
Melanie Godinho is a Certified Financial Planner by qualification and content developer by passion. She work in Financial Hospital She holds expertise in Tax planning and Financial Planning. Follow her on FaceBook
Melanie Godinho is a Certified Financial Planner by qualification and content developer by passion. She work in Financial Hospital She holds expertise in Tax planning and Financial Planning. Follow her on FaceBook
No comments:
Post a Comment