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Health Insurance

What Is Health Insurance?

This is insurance that is used for medical purposes. Most of these insurance policies enable a large reduction in expenses for preventative care, surgical procedures, meetings with various specialists, and other visits to the doctor or health care professionals. Almost every workplace now offers their employees health insurance. Some employers offer it as a complimentary service and benefit of the job, while others merely provide a means of having this insurance to their employees are require premiums to be paid through payroll deductions. Either way, this is an important benefit for an employee to have.

Who Can Use It?

This really depends on how the policy is set up. For most families, one parent will select their insurance policy from their employer’s health plans and choose to include their spouse and dependents in the plan. By selecting a family plan there can be significant savings in premiums versus just selecting an individual health plan for each individual in the family. Most plans allow children and dependents to use their parent’s health coverage until the age of 26.

How Does It Work?

When you sign up for this insurance, you will be required to pay monthly premiums, either in the form of a check to the company or through payroll deductions, depending on how you have enrolled for your benefits. For preventative care visits and general visits to health care professionals, all you need is an insurance card, which will be provided each year you have the policy. All you have to do is give this card to the receptionist each time you visit and your insurance company will be notified that you went and they will pay for your medical bills (excluding copays and deductibles).

What Is All Covered?

This insurance generally covers a wide variety of medical care needs. The amount covered depends on the insurance company that you go through, but most policies cover between half and all of the expenses you have for major areas of medical care. These areas include things like check-ups, physicals, surgeries, meetings with specialists, and costs for medication and pharmaceuticals.”