FAQs

A-Health insurance is a contract between an individual and an insurance company, where the insurer agrees to provide financial coverage for medical expenses in exchange for premium payments.

A-Health insurance helps cover the costs of medical care, including doctor visits, hospital stays, medications, and preventive care. It protects you from high, unexpected medical expenses.

A-Coverage can vary, but most plans cover essential services like doctor visits, hospitalization, emergency care, preventive services (vaccinations, screenings), prescription drugs, and some mental health services.

A-Common types include Health Maintenance Organization (HMO), Preferred Provider Organization (PPO), Exclusive Provider Organization (EPO), and Point of Service (POS) plans. There are also high-deductible health plans (HDHPs) often used with Health Savings Accounts (HSAs).

A-Consider your medical needs, budget, preferred doctors/hospitals, and prescription medications when selecting a plan. Evaluate the coverage, premiums, deductibles, copayments, and network of providers.

• Deductible: The amount you pay out-of-pocket for covered services before your insurance starts paying.
• Copayment: A fixed amount you pay for certain covered services (e.g., $20 for a doctor's visit).
• Coinsurance: The percentage of costs you pay after meeting your deductible (e.g., 20% of the bill).

A-Many employers offer health insurance benefits to their employees. You might have options to choose from different plans offered by your employer.

A-You can purchase health insurance through the Health Insurance Marketplace (in the US) or explore private insurance options. There are subsidies available in some cases based on income.

A-Under the Affordable Care Act (ACA) in the US, insurers cannot deny coverage or charge more based on pre-existing conditions.

A-Typically, there are specific enrollment periods such as Open Enrollment, which happens once a year. Special Enrollment Periods are available after qualifying life events like marriage, having a baby, or losing other coverage.