Health Insurance Premiums Deductible - Premium and Deductible of Health Insurance

Feb. 28, 2011 - PRLog -- Health Insurance Premiums Deductible

Many people would like to choose low-cost health insurance, and their so-called cheap insurance only means those with low monthly premium. So when they apply for this kind of health coverage, they find that they still need to pay much money when they take some medications or medical treatments. Many people do not have a clear understanding of insurance policy, so it is very important to have a basic understanding of health insurance.

Firstly, we need to know the definition of insurance. Actually it can be simply explained as an agreement between insurance company and the insured. The insured will pay the company a certain amount of money, and the company will pay back the policyholder a large amount of money if something happens.

And health insurance is the most common one. The company will afford a certain proportion of medical bills if the insured have taken medications or medical treatments. Besides health coverage, there are various kinds of insurances such as life, accidents and car. Check Internet #1 - Health Insurance Premiums Deductible @ http://insurancecure01.webs.com and solve your problems right now!

If we choose a low monthly premium health insurance, it also means that we have to pay more money due to the high deductible. For the policy set a $700 deductible, if the policyholder has a medical bill of $1,000, the policyholder need to pay $700 while the company will pay the remaining $800. So the insured can choose either a low-deductible or high-deductible insurance according to different health conditions. Moreover, if the insured pay as much money as the maximum annual expense, the insurer will pay all expenses in the rest of the year. Most kinds of insurance have deductible between $500 and $1000, and the annual maximum amount is from $1,000 to $3,000.

As the policyholder has to pay much money for the medical bill, so the monthly premium is very low. Many people can afford such a low-cost insurance. However, if the policyholder need to visit doctor frequently, he or she may pay much money every time. People should choose a fit health plan according to different health conditions. Complete health coverage is a big guarantee of the happy and healthy life. Check Internet #1 - Health Insurance Premiums Deductible @ http://insurancecure01.webs.com and solve your problems right now!

# # #

Having problems with Insurance? Don’t understand whether you are able to make claims?
Check Internet #1 - Health Insurance Premiums Deductible @ http://insurancecure01.webs.com and solve your problems right now!