Each fall, you receive a new “Medicare and You” handbook with updated information concerning Medicare. The handbook
Health insurance is important to have regardless of your health situation and history. Even if you’ve never had any health problems, it’s always best to have insurance that can offset the cost if you are in need of medical care.
Health insurance policies require an insurance company to pay some or all of your medical costs. There are many different types of health insurance available, so let’s discuss some important questions.
How can I get health insurance?
Many employers offer health insurance for their full time employees. If you aren’t getting health insurance through your job or are receiving it and would like to increase your coverage through another policy, you can enroll through a variety of insurance companies.
How much does health insurance cost?
Health insurance policies can vary greatly in cost, depending on how much coverage is being provided. There can be multiple costs associated with an insurance policy, so always make sure you fully understand what a policy will include before enrolling.
One of the costs that typically comes with health insurance are premiums. Premiums are typically paid monthly and are the cost associated with keeping your health insurance. Most premiums are affordable.
Deductibles are important to understand, as they can greatly impact medical costs the beneficiary is responsible for. Typically, insurance companies will cover a certain amount of healthcare costs before and after the deductible is met. Some people may be responsible for paying the full amount up to their deductible and once that has been reached, their insurance plan will cover the rest of the costs.