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Wednesday, March 09, 2016

TOP HEALTH INSURANCE PLANS TO SECURE LIVING..!

TOP HEALTH INSURANCE PLANS TO SECURE LIVING..!

From the term health insurance plan we mean the reliable sources &  options that could be adopted for one’s family and also himself /herself which cover all the health related expenditures that may be incurred in case of any health issues. 

Through buying the insurance policy the buyer ensures his/her family’s critical healthcare needs by investing in the most appropriate insurance policy that will entertain him and his family in the long run

WHY INVESTING IN HEALTH INSURANCE POLICY?

Once someone buys a health insurance policy, he/She becomes secure for his/her future for if he faces any health serious issues in the years ahead. 

For instance take an example of someone who has not bought the health insurance policy, any serious illness in his/her life will hit him hard financially. 

As this financial distress will not only act as a great threat for the earned saving but it will also drag the person into mental agony. 


TOP RATED HEALTH INSURANCE PLANS..!


Before buying a reliable health insurance policy, one must be aware of the fact that  what is the best health insurance policy?

Mostly it is considered that the best insurance health plan is the high deductible Silver plan. 

The special features of Silver plans are as under,

THE MOST RELIABLE SILVER PLAN:

The key feature which is the foundation stone of the reliability of the healthcare Silver plan is its eligibility for the following,
·        HSA  (Health Saving Account)
·        Premium Tax Credits and ss
·        Cost Sharing Reduction grants.

Among the other insurance policies available in the market, this health insurance plan is the only one that provides and qualify for all cost assistance types. It is the most supple and flexible plan which offers premium opportunities to its consumers related to their health issues and guarantee them a safe and secure future as far as health issues are concerned.


WHY TO CHOOSE SILVER HEALTH INSURANCE PLAN?


The Silver plan is ranked as the finest health insurance plan for its consumers on the basis of the following opportunities it offers under Obama Care (the Affordable Care Act), the Silver plan is the High deductible health plan which is eligible under HSA, means it offers its clients the contribution of tax free investment to pay for dental and vision health expenses which are usually out-of-pocket payments.

·        This Silver plan requires its clients to pay annual deduction of $1300 and $2600 for personal and family health coverage respectively after cost assistance.
·        
This highly affordable plan is the only one which qualifies for the Premium Tax Credits as well as Cost Sharing Reduction subsidies.
·        This effective plan adjusts the out of pocket as well as premium cost assistance for its clients thus making its clients secure of any gain or loss of income throughout the year.



GUIDELINES TO CHOOSE THE BEST HEALTH INSURANCE PLAN..!


Choosing the best health insurance plan is not a simple job rather it involves a thorough consideration on the following factors,
·        The cost of purchasing each insurance plan is different depending upon the category to which they belong. Usually there are five basic categories of health insurance plans and these are Bronze, Silver, Gold, Platinum and Catastrophic, each with a distinct pricing package.

·        Along with monthly premium the out of pocket costs are another charges that a consumer has to pay. So for a better insurance plan, these out of pocket charges should be deeply considered.

·        The coverage level offered by each insurance plan differs from the next one. A plan with outstanding health services coverage should be adopted.

After going through the above mentioned factors a better 
health insurance plan can be adopted.

ACCORDING TO ANNUAL REPORTS ISSUED BY IRDAI:

IRDAI, insurance regulatory and development authority of India uses to produce annual reports regarding the world insurance scenario, which explains how much are the countries investing in buying secure health insurance policies and how much they are paying for that. 

Following is the report issued by IRDAI as a result of survey conducted by reinsurance major Swiss Re.

REGION WISE LIFE AND NON-LIFE INSURANCE PREMIUM

REGION/COUNTRY
LIFE
NON-LIFE
TOTAL
Advanced economies
2232.524
(56.67)
1706.79
(43.33)
3939.31
(100.00)
Emerging markets
422.03
(50.30)
416.91
(49.70)
838.94
(100.00)
Asia
India
892.32
55.30
(79.12)
425.25
14.59
(20.88)
1317.57
69.89
(100.00)

The above table shows clearly how much countries all over the world are spending on health insurance plans.

TOP HEALTH INSURANCE PLANS IN INDIA..!

Following are some of the best offered health insurance plans in India;

·        Preferred provider organization (provides remarkable coverage within network)

·        Health maintenance organization (here only the designated doctor is to be consulted for all health issues)

·        Exclusive provider organization (controlled costs are followed by limiting the hospitals network)

·        Short term medical (these are made to fill the gaps between insurance coverage)

·        High deductible health plan (offers lower monthly premiums but higher deductions).

Author Bio:-
 Melanie Godinho is a Certified Financial Planner by qualification and content developer by passion. She work in Financial Hospital She holds expertise in Tax planning and Financial Planning. Follow her on FaceBook


TOP HEALTH INSURANCE PLANS TO SECURE LIVING..! Reviewed by S. Chitra on March 09, 2016 Rating: 5 TOP HEALTH INSURANCE PLANS TO SECURE LIVING..! From the term health insurance plan we mean the reliable sources &  options that co...

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