When married it seemed a good idea to have health insurance, especially as my three children were born and expenses were covered. There is an initial period clause which says that any hospitalization claim will not be admissible in first 30 days of the policy commencement apart from accidental pre-existing diseases or conditions are also not covered immediately after you purchase a policy.There is a waiting period ranging from 2 years to 4 years as per the plan conditions in the industry.
The trick here is that, the insurance company works on a principle, wherein it charges each insured person such an amount of premium that the collective premiums received from all (total number of) the insured individuals is enough to cover the cost of paying out on some of the policies each year.
First of all, if you can get your health insurance through your employer, then chances are …View More
Health insurance is like any other forms of insurance policies where people pool the risks of having any medical expenses or requirements in future. This was before Obama Care (ACA) and it typically took 1 to 3 weeks to get approved for new health insurance. Insurance companies have time to decide if they will still offer ACA plans or not. Keyman insurance policy is the one purchased by a businessman to secure the potential losses of his resources and cover the incapacity or death of a key employee.
Health insurance can help to considerably reduce the burden of health costs, especially for such dreadful medical conditions. Some plans even have a tiered payment system. A personal injury is usually covered and compensated for by any insurance company. The application process for enrolling in a group plan is quite simple, because most plans will enroll everybody, regardless of pre-existing conditions and …View More