Health Insurance - Give Up All Your Worries Regarding Poor Health
Today the cost of living is increasing rapidly.
When it comes to health care, the cost hikes to the sky like a rocket.
Therefore the premiums of health insurance are also high.
Taking an insurance policy is just like gambling in which the insurance company bets to take more money from you and it will be higher than what you are going to pay out for getting services from them.
The policyholders have to pay premiums monthly with the dilemma of uncertainties in future.
In particularly, health insurance means an agreement in which, the insurer accepts to pay all your medical expenses, while you are sick (or anything happens unexpectedly), by getting monthly premiums from you.
Some of the essential types of health insurance policy: o Private medical insurance It is easy to get a private health plan with a one year agreement.
The policyholder can pay premium monthly or quarterly or annually.
If you wan to get a reduction in your premiums, you have to make an excess payment of your actual claim.
o Critical Illness A plan which can be taken for critical illness like heart attacks, stroke, cancer etc.
It is a tax free plan and the holder can get claim under certain circumstances like: o To pay off debts or mortgages o To alter your home o To have a summer outing o To buy a vehicle etc.
o Income Protection When you have this kind of plan, it will offer you income up to 65% of gross income, at the time of inability to work.
In this regard, premiums will be determined on the basis of your occupation and your earnings.
o Health Trust Fund It does not resembles the typical insurance plan.
This type of insurance plans have conceived to enjoy the tax free advantages.
As it is not a actual insurance, you need not pay tax for the amount you allot this fund from your income.
o Ex-pat Insurance When you are asked to work from other countries for long time, you can go with this plan.
In which you are expected to pay the premium amount annually in advance.
These are all the various types of health insurance.
Analyze every plan separately and select the best one.
When it comes to health care, the cost hikes to the sky like a rocket.
Therefore the premiums of health insurance are also high.
Taking an insurance policy is just like gambling in which the insurance company bets to take more money from you and it will be higher than what you are going to pay out for getting services from them.
The policyholders have to pay premiums monthly with the dilemma of uncertainties in future.
In particularly, health insurance means an agreement in which, the insurer accepts to pay all your medical expenses, while you are sick (or anything happens unexpectedly), by getting monthly premiums from you.
Some of the essential types of health insurance policy: o Private medical insurance It is easy to get a private health plan with a one year agreement.
The policyholder can pay premium monthly or quarterly or annually.
If you wan to get a reduction in your premiums, you have to make an excess payment of your actual claim.
o Critical Illness A plan which can be taken for critical illness like heart attacks, stroke, cancer etc.
It is a tax free plan and the holder can get claim under certain circumstances like: o To pay off debts or mortgages o To alter your home o To have a summer outing o To buy a vehicle etc.
o Income Protection When you have this kind of plan, it will offer you income up to 65% of gross income, at the time of inability to work.
In this regard, premiums will be determined on the basis of your occupation and your earnings.
o Health Trust Fund It does not resembles the typical insurance plan.
This type of insurance plans have conceived to enjoy the tax free advantages.
As it is not a actual insurance, you need not pay tax for the amount you allot this fund from your income.
o Ex-pat Insurance When you are asked to work from other countries for long time, you can go with this plan.
In which you are expected to pay the premium amount annually in advance.
These are all the various types of health insurance.
Analyze every plan separately and select the best one.
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