Qualified leads for Australian Financial Services Professionals are available at Financial Service Online

Wednesday, December 17, 2008

Health insurance

The term health insurance is generally used to describe a form of insurance that pays for medical expenses. It is sometimes used more broadly to include insurance covering disability or long-term nursing or custodial care needs. Individual health insurance is coverage that a person buys independently. It can be sold to a single individual, to a parent and dependent children, or to a family.

By estimating the overall risk of healthcare expenses, a routine finance structure (such as a monthly premium or annual tax) can be developed, ensuring that money is available to pay for the healthcare benefits specified in the insurance agreement. The benefit is administered by a central organization, most often either a government agency or a private or not-for-profit entity operating a health plan.

Health insurance provides many things: a safety net, should you get sick or injured; the means to maintain your well being with tests, screenings and vaccinations; and peace of mind, knowing your family can get the cheap health care it deserves. However, Lifestyle-related factors can increase utilization and therefore insurance prices, such as: increases in obesity caused by insufficient exercise and unhealthy food choices; excessive alcohol use, smoking, and use of street drugs.

0 comments:

  © Blogger template The Professional Template by Ourblogtemplates.com 2008

Back to TOP