While we may love to assume that
we are in control of our lives, life is unpredictable. A sudden illness can Health
insurance not only prevents financial problems caused by illness, it
provides the peace of mind that most families lack in this age. There are
several health insurance products available in the market. It may be confusing
to choose one.
render us immobile for days on end. In the worst case scenario, the disease can
leave us permanently bed ridden. Some disease could lead to bankruptcy or total
financial ruin. To avoid this, it is best to take health insurance.
Normally, companies provide a health insurance as part of the package
in an employment contract. This is one of the important components to consider
when applying for a job. If an employer provides health insurance, this saves
the costs that may have been incurred in servicing premiums. Most health
insurance provided by employers are for the purposes of fulfilling labor law
requirements. While some companies provide comprehensive health insurance
cover, most employers only provide basic cover. Hence, the cover by health
insurance from most employers is limited as to the number of services
available under it. It is therefore advisable to take some private health
insurance.
The main benefit of privately
funded health insurance is the fact that it is not limited compared to most
employer funded health insurance. Private health insurance comes in different
packages. Basic cover provides for some few hours of inpatient or outpatient.
Some basic cover products also provide for services such as dentistry, regular
health checkups, or free basic medication. The best cover when it comes to
privately funded health insurance is
comprehensive cover. This kind of product gives a wider access to health
services at a designated health center. The prices of these products vary.
The health insurance provided by
employers is the cheapest option considering that a consumer pays nothing to
access the health services. The price range of privately funded health insurance varies according to
the type of cover. Individual basic cover attracts the cheapest premium in the
market. The premiums are payable on a monthly basis. They are deducted directly
from a consumer’s salary or they may be payable on a monthly basis.
Comprehensive cover is the most expensive considering the price of premiums some
insurance companies charge. The price of premium gets higher if the insurance
cover extends to the client’s family.
To avoid surprises, it is
advisable to read the terms and conditions of the health insurance before signing up for any cover. If necessary,
consumers should hire the services of a lawyer to advise them on what the terms
of the health insurance mean. Consumers should also ask their doctors for some
guidance on the best health insurance products to use. Always pay your premiums
on time to avoid the risk of having no cover should a health related issue
occur. While checking the price of the cover is important, price should not be
the only determinant when it comes to health
insurance in SW.