Individual Health Insurance Companies Offer Various Plans

2008-09-30 15:32:51

( Health )



If you are self-employed or your employer is exempted from the requirement of obtaining health coverage for its own employees, then you have to buy your own individual health plan from one of the individual health insurance companies. Unlike corporate health insurance that allows you to split your premium with your employer, in individual health insurance you will have to shoulder the entire cost of the premium. For this reason, individual health policy is more expensive than corporate health insurance.

When shopping for individual health policies, you will notice that health coverage differs among individual health insurance companies. Some of these plans offered by individual health insurance companies may include:

* Health Maintenance Organization (HMO) plans cover services of doctors and other healthcare providers who are HMO network members. Individual health insurance companies may also allow coverage to services of providers who are not part of the network, provided that you have a pre-authorization when you avail of the services.

* Hospital surgical insurance policies cover the costs of hospital and surgical services. These include charges for your room, the professional fee of your doctor and the surgery itself.

* Hospital indemnity plans are covers that pay the stipulated daily amount while you are admitted in the hospital.

* Major medical insurance covers your expenses while in the hospital as well as the doctor's services, regardless of whether you are admitted in the hospital or not.

* Dread disease health plans cover serious illnesses such as HIV/AIDS or cancer. Some individual health insurance companies offer dread disease plan as a rider to other individual health plans.

* Short-term health insurance policies are plans which cover only during a certain period of time. These policies are particularly beneficial to people who have lost their health coverage, but expect in getting them back within twelve months after losing them.


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