Health insurance is important for all Americans to have. This type of insurance provides financial coverage of medical procedures whether planned or unexpected.
Health insurance covers a percentage of medical bills for covered individuals. Each policy or plan has specific language detailing the parameters of the provided coverage. Many policies also include wellness programs and preventative care coverages as well. Covered individuals still often have financial obligations for health care procedures as detailed in their policy.
Review Health Insurance Policy Details Before Signing A Contract
The monthly premium cost for this coverage is not the only financial obligation for the covered individual. Many policies require additional copayments, or out of pocket fees, which are often a set amount for each visit with a certain type of health care provider. Some policies require an overall total amount paid by the individual during the term of the policy before the insurance provider makes payments on behalf of their insured. For example, a covered individual must pay a predetermined amount in health care costs, such as $1,000.00, before insurance will pay on their behalf.
Remember that all policies contain specifics on what type of health care will be covered. For instance, some policies cover chiropractic care, but may not include massage therapy as a covered procedure. It’s very important to be aware of certain boundaries within your proposed health insurance policy before signing a contract.
HealthCare.gov enrollment is open until December 15, 2020 to enroll in health insurance coverage for 2021. Be sure that everyone in your family has adequate health coverage for any current health concerns and potential concerns in the future. Individuals who are uninsured, or lack adequate coverage, are responsible for their total amount of accrued medical bills.
The Merdes Law Firm has been helping injured Alaskans for more than 30 years. It’s who we are. And while we hope you never need us … We’re here if you do. ~ Ward Merdes
Sources: “Understanding Health Insurance” by United Healthcare | Photo