Do You Understand Your Health Insurance Coverage

Category: Finance, Insurance.

Do you understand your health insurance coverage? Insurance in general and health insurance specifically is usually one major point of confusion in nearly every one s life.

That s a loaded question, if ever I heard one. While it is impossible to understand fully every aspect of our individual policy it does help if we have a good overview. There are just some things that you can do much better and a whole lot cheaper than any large corporation. So the first thing is to remember that every little aspect of your healthcare should not be covered by your health insurance. Some of us think that health insurance should cover more things especially the little things, but we would not expect our car insurance to cover the cost of changing the oil, now would we? I have not been in the hospital recently but I do remember that over 30 years ago I assault on an itemized list of charges where a hospital charge a patient$ .75 for two aspirin. Just ordinary run of the mill, headaches and upset, day to day stomachs are better taken care of by is instead of the insurance company. can you imagine how expensive health insurance would be if every time you had a routine headache or upset stomach from eating too much that the insurance company had to cover the bill for aspirin and something to settle your stomach?

Can you imagine how high that cost is now? See how much more cheaply you can take care of your routine and headaches? Now compare that to your cost for a bottle of 250 aspirin. In order to be comfortable with your health insurance it helps to have at least a basic understanding of what kind of insurance policy you bought or your employer is providing for you. One the other hand, if you can live with HMO coverage and work with more restricted freedoms in exchange you do get a much wider range of routine day to day and if it s. For instance, if you have a traditional indemnity type insurance policy then you have the freedom to go to the doctor or hospital of your choice but in exchange for that freedom you have much more limited coverage.

Let s also remember that you and I have many ways that we directly impact the cost of health insurance in the nation. If we purposely ignore our own personal responsibility to at least try to be healthy then we have a direct part in driving up the cost of health insurance and health care in general. Now that we have a more complete understanding of the part that we have in affecting our health through proper exercise and better eating habits we have a much more direct impact on the cost of health care in our country by the personal decisions that we make. Using common sense ensure your own personal optimal health not only makes for an improved quality of life for you now and 20 years down the road but it also helps to keep down the cost of health insurance for everyone. Unfortunately, these are usually very expensive additions in coverage that only a tiny percentage of people will never benefit from. Adding to the complexity of health insurance and healthcare in America is the fact that every state, usually with the best of intentions, tells the insurance company that every policy they issue in their state must contain additional provisions of care.

But, everyone pays more for their health insurance then. While the specifics are difficult to come pair it is always wise of you to at least have good knowledge of Hal health insurance works and what kinds of coverage s are available to you even when your employer is already providing basic coverage for you. This fact of mandated coverage s makes it very difficult to compare your coverage and its cost with your Aunt Mary s coverage when she lives in another state. A good over all working knowledge of health insurance will save you money and improve the quality of your life.

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