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Health Insurance

Health Insurance for Individual Coverage
Health insurance helps pay for your medical expenses. You can also put a spouse or child on your coverage. This insurance is generally included in an employee’s benefit package. A portion of the employee’s check is used each cycle to pay towards the policy. The employer pays the remainder.

Health insurance is beneficial because it helps pay the high cost of healthcare. Doctor’s visits, tests, and medications are covered. The policy may also pay some or all of the costs associated with hospital stays, mental health services and rehabilitation services.

A policy might pay for up to 80 percent of your medical expenses, but some cover less. You will likely have a choice of policies, so pick something that fits your needs.

Health Maintenance Organization (HMO) plans and Preferred Provider Organization (PPO) plans are the two most popular types of plan. HMO plans have lower premiums, and require specialist referrals and you must stay within a network of approved medical professionals. PPO plans allow you to choose where you want to receive treatment, but the premiums are higher.

The major benefit of health insurance is receiving help to pay medical bills. When you have help, you’re more likely to get the care you need. And in the US, you might possibly have to pay a tax penalty if you don’t have health insurance.