Most people do know understand all the different choices or types of health insurance on the market nor do they know when or why to use it.
Just like there is a difference between cholcolate ice cream and dark chocolate ice cream may be very slight in name but the lovers of darck will tell you there is a huge difference in the two.
Short term health insurance is really designed to provide basic major medical benefits for a SHORT ammount of known time. An example would be if you have started a new job, and you know your benefits do not start for 90 days, you buy 90 days worth of SHORT TERM HEALTH INSURANCE, typicall pay for all 90 days in advance and may have the option to renew 1 time depending on the carrier. So Short term is really designed for a know ammount of time, that an individual or family will be with out health insurance.
Temporary Medical Insurance fills a different need that short term health insurance, where as short term you know HOW LONG YOU NEED THE COVERAGE, a defined ammount of time. Temporary medical insurance is built to me more of a monthly plan, you pay each month until you know when your new plan starts and then you cancel your temporary medical insurance.
International Travel medical insurance is great to understand because many traditional plans do not cover you internationally or may call it out-of-network and give you reduced benefits. Travel medical insurance also includes other benefits like evacuation, lost pasport, translation and many other benefits a international traveler needs.
Gap Health insurance is a great supplement to your traditional health plan, but DO NOT buy it as your only source of coverage because it is only designed to fill in the gaps of a traditional plan. Gap Covergae typically will cover a specific gap or area of possible cost to the insured. Example Deductible Insurance is something you can provide to help pay your deductible in the event you meet or exceed your deductible. Or Cancer Insurance is a Gap plan to help ofset the expenses not covered by health insurance that a insured will face if they get cancer like travel, room and board for a family member, and the tons of other things that will come up along the way if you or a loved one is diaginosed with cancer.
How to save money on health insurance is often misunderstood, so we are going to give you something to think about when it comes to buying a individual health insurance plan or a family health insurance plan. 0ver 90 % of Americans do not meet there deductible, however almost all have a low deductible because they are affraid of a high deductible was ever reached. Your health insurance company and agent BOTH fule that fear in hopes that you buy the LOWER DEDUCTIBLE because the lower it goes the more they both make. IN fact some even market the low deductibles only for pure greed. Why base a large factor of your plan choice decision on something that only has a 10% chance of mattering anyhow? Something else you need to know, is if you do have a to pay a high deductible it will mostlikley be to a hospital or doctor who typicall will work out a payment plan for your outstanding bills over time so why PAY NOW for a feature you only have a 10% chance of using when you can just pay a little more if indeed you do have to. There is no reason to give the health insurance company any more that you have to.
Hopefully you know a bit more about the diffrent flavors of health insurance, and even a insiders tip on how to save money but the truth of the matter is Health Insurance is very important part of your financial future and should be considered as such. More Americans declare bancruptcy because of medical bills that any other reason. Do Not Risk It! - 15485
Just like there is a difference between cholcolate ice cream and dark chocolate ice cream may be very slight in name but the lovers of darck will tell you there is a huge difference in the two.
Short term health insurance is really designed to provide basic major medical benefits for a SHORT ammount of known time. An example would be if you have started a new job, and you know your benefits do not start for 90 days, you buy 90 days worth of SHORT TERM HEALTH INSURANCE, typicall pay for all 90 days in advance and may have the option to renew 1 time depending on the carrier. So Short term is really designed for a know ammount of time, that an individual or family will be with out health insurance.
Temporary Medical Insurance fills a different need that short term health insurance, where as short term you know HOW LONG YOU NEED THE COVERAGE, a defined ammount of time. Temporary medical insurance is built to me more of a monthly plan, you pay each month until you know when your new plan starts and then you cancel your temporary medical insurance.
International Travel medical insurance is great to understand because many traditional plans do not cover you internationally or may call it out-of-network and give you reduced benefits. Travel medical insurance also includes other benefits like evacuation, lost pasport, translation and many other benefits a international traveler needs.
Gap Health insurance is a great supplement to your traditional health plan, but DO NOT buy it as your only source of coverage because it is only designed to fill in the gaps of a traditional plan. Gap Covergae typically will cover a specific gap or area of possible cost to the insured. Example Deductible Insurance is something you can provide to help pay your deductible in the event you meet or exceed your deductible. Or Cancer Insurance is a Gap plan to help ofset the expenses not covered by health insurance that a insured will face if they get cancer like travel, room and board for a family member, and the tons of other things that will come up along the way if you or a loved one is diaginosed with cancer.
How to save money on health insurance is often misunderstood, so we are going to give you something to think about when it comes to buying a individual health insurance plan or a family health insurance plan. 0ver 90 % of Americans do not meet there deductible, however almost all have a low deductible because they are affraid of a high deductible was ever reached. Your health insurance company and agent BOTH fule that fear in hopes that you buy the LOWER DEDUCTIBLE because the lower it goes the more they both make. IN fact some even market the low deductibles only for pure greed. Why base a large factor of your plan choice decision on something that only has a 10% chance of mattering anyhow? Something else you need to know, is if you do have a to pay a high deductible it will mostlikley be to a hospital or doctor who typicall will work out a payment plan for your outstanding bills over time so why PAY NOW for a feature you only have a 10% chance of using when you can just pay a little more if indeed you do have to. There is no reason to give the health insurance company any more that you have to.
Hopefully you know a bit more about the diffrent flavors of health insurance, and even a insiders tip on how to save money but the truth of the matter is Health Insurance is very important part of your financial future and should be considered as such. More Americans declare bancruptcy because of medical bills that any other reason. Do Not Risk It! - 15485
About the Author:
Editor / Agent Jeff Cline wants to answer any questions you have Temporary Medical Insurance or Mission Health Insurance
