Introduction
Health is a precious gift of God we have to take care of our health in order to keep our loved ones happy and smiling. Future of human beings is uncertain; nobody knows what will happen tomorrow. Health insurance is neither surety nor confirmation of your health and fitness but it is a percussion, prevention and planning to tackle future health uncertainties. Adopting a healthy lifestyle is necessary to avoid normal body wear and tear although infrequent diseases are becoming common day by day; names of the diseases which were heard rarely are now listened regularly. Diseases are now not age related; even children are now being associated with diabetic, heart and other typical diseases. Health insurance is type of medical care in case any emergency, injury and other diseases. It is like dealing with a specialist of any subject because insurer has knowledge and expertise in dealing with these critical situations due to their experience.
History
Health insurance is your planning to the future of yours and your family. Some points are necessary to be to be understood, first among these are; the contract or policy of health insurance. It is a formal written document containing all the necessary clauses related to health insurance which is usually signed by insurance company / government and individual. The policy usually consists of 6 or 7 points with some difference as per the various jurisdiction, points are detailed about insurance premium, number of person insured, health institutions / hospitals on the insurer list/panel, limit of out of pocket, disclaimer from insurance company and there may also be some trivial information like penalty for late payment of premium, consequences of false medical claims etc. Health Insurance policy is signed in two copies one to be kept with individual and another is kept with the insurance company. The contract might be undergone by the individual or it might be signed by the employer on behalf of the individual, it is a facility offered by various employers of today.
Features
Health insurance premium is a periodic payment to the insuring company or government as mentioned in the policy to cover the risk. It is normally annual in case of business individual while monthly in case of salaried individual, which is to be submitted before last date to avoid any late payment penalty. Health insurance policy may cover a single person or a whole family that is spouse and children which should be mentioned in the policy. It may also contain details about the name, address, and other contact details of hospitals, clinic or other health insurance institution where the treatment of the individual and his family shall be done. Out of pocket expense is the extra expenses related to treatment of an individual, which may include ambulance charges, emergency medicines, outpatient department charges etc. normally insurance companies set a limit for these expenditures.
Tips and comments
It is highly recommended to read and understand each and every clause of the health insurance policy, to make it compatible, effective and cost effective for yours and your family health because you are very precious so as your loved ones.
