Healthcare Insurance: A Fighting Chance

2007-03-08 10:33:40

( Health )



AN INSTITUTION

Healthcare insurance is an institutionalized system in most modern countries. They are part and parcel of a civilized society. The institutionalized form comes integrated with social security benefits that every citizen is entitled to.

On top of the social security system, you can also take out a parallel form of healthcare insurance to supplement the medical health insurance provided by your social security. HMO’s or health management organizations are entities that provide healthcare insurance through the establishment of relationships with doctors and health institutions.

Medical health insurance is also part of your benefits as an employee. Companies or corporate entities are qualified for group or small group health insurance. Group medical health insurance has lower costs because it falls under a corporate account.

Healthcare insurance is so integrated in society that hospitals and other health care institutions will refuse to render services without it. Medical health insurance is a pre-need product – meaning you avail of the service prior to having a health problem, you take it out in advance to address your medical needs when the time comes. Your monthly healthcare insurance premiums will vary depending on the package you avail of, like the type of room, annual limits, etc.

INESCAPABLE ILLNESS

Also, some medical health insurance requires an extensive medical check-up to exclude preexisting conditions in your coverage, but there are those that will waive physical check-ups in exchange for higher premiums.

There are even some healthcare insurance programs that waive pre-existing conditions; they offer coverage regardless of your health condition - which is how it should be in the first place. Healthcare insurance is one of those things that we will all have use of someday. Whether we like it or not, as the body deteriorates with age, illnesses are inevitable realities of our lives.

And although healthcare insurance does not necessarily lengthen lives; it however gives us a fighting chance.


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