A Beginner’s Guide to Health Insurance

health insurance

health insuranceThe growth of health insurance is commonly attributed to America, with their health care issues much publicised. Its notoriety led people to be more concerned about whom or what will take care of their medical expenses once they get sick. With that effect, the worldwide demand for health insurance has experienced a sudden, recurring growth.

In truth, without prior exposure to the insurance business, most people don’t know how it works or if there are variations to it. Even to nations where health insurance is common and subject of many debates, many people are still clueless about it.

Pacific Prime Hong Kong provided an outline of insurance plans currently available to the public:

1. Individual Plans

Individual plans are simply put: health insurance for individuals and/or his or her family. Under this plan, a customer can choose if a plan that covers half of the medical expenses, 70% or 90% of all hospital fees is more suitable to their needs and budget.

2. Family Plans

If you’re concerned about your kids and spouse’s medical expenses, it’s best to choose a family plan. All its premiums are calculated based on each member’s age. This way, families save money as they are going to be paying more for everyone’s coverage.

3. Maternity Plans

For expecting mothers, don’t toss it up to chance the health of your new-born. This type of plan covers medical treatments for pregnant women, such as pre and post-natal examinations, caesarean, normal delivery procedures and other fertility treatments. Make sure to read on further details about applying for maternity plans as these have stringent rules.

4. Pre-Existing Condition Plans

Many insurance companies shy away from covering pre-existing conditions. It’s better to rely on an experienced insurance agent to find plans that provide loading or additional costs to cover pre-existing conditions. Remember that if loading is added, your yearly premium payments will rise.

5. Dental Health Plans

If you think your teeth need aligning or some longstanding oral condition of yours must be eradicated, then consider getting a dental health plan. Insurers offer two variations of dental insurance: routine dental insurance and major dental insurance. Routine dental covers consultations, teeth cleaning, x-ray, fillings and other easy treatments. On the other hand, major dental insurance includes tooth adjustment, gingivitis and periodontitis treatments and the like.

The other two are short-term and group insurance, which are not common for families and individuals. By reading this beginner’s guide, you’ll have a better idea in choosing the insurance that covers your specific needs.