Among the many personal health coverage categories sold today, you can find products that look and sound like health insurance, but actually don’t, in fact they don’t provide health insurance coverage at all. Be careful this product is not a substitute for medical coverage.
Let’s look at some other products that do not provide substitutes for health insurance coverage
Dread Disease Policy.
The dreaded disease policy has a tendency to have poor grades and only covers treatment for certain diseases such as diabetes. They are so poor in value that some countries have banned them together and they have warned consumers about this policy.
Special accident policy.
Accident coverage only pays for the care you want because of an accident that is not due to an illness. Because a good overall policy will cover costs related to accidents and illness, accident policies alone are often not of good value. Additional policies Additional policies (rarely called hospital compensation policies) pay cash for each day you are in surgery. However, often the benefits of money will be far from the price of hospital care. However, this policy can be liked because it is very cheap and easy to buy.
Additional Policies.
Additional policies can be an option if you want to cover up extras that might appear when you are sick. But they are sometimes not a good purchase and they should not be confused with full coverage health insurance. The reason why people buy coverage like this is because it is very cheap
Discount package.
Discount packages are not medical care insurance, and they cannot protect you from high doctor bills. Some people might mistakenly consider discounted health packages for health insurance because of features such as insurance from this product. For example, discount packages charge a premium once a month, issue ID cards, and offer coverage for a wide spread of health services. Discount packages also sometimes publish supplier networks that will discount costs, say, twenty-five or thirty percent for patients who are paid as members of the discount package. Some buyers have reported problems getting a reduction guarantee even for health care services with smaller tickets.
Unfortunately, because discount plan cards are not health care insurance, insurance regulators often cannot help in this situation. Some state insurance regulators have issued warnings to clients to stay away from medical plan discounts.
Stacked policy
A number of insurance companies have agreed to sell products that have been described by regulators as stacked policies. It joins with some limited coverage products for example, an accident-only policy mixed with an additional operating policy or a scary disease policy and a reduction medical plan. The mixture may seem like an all-encompassing health coverage, but it’s not. Broadly speaking, it can be a challenge to find coverage that meets your health care desires and fits your position. Health insurance that covers more has a tendency to pay more.
Try your best to balance the monthly premium policy with the protection it offers. Try to find out what you have to pay for the services covered (deductible, joint insurance, joint payments, and out-of-pocket limits). Also estimated costs for care that is not covered (services excluded or retained by the policy) and costs (costs above what is recognized by the plan). Choosing the right policy can be a daunting task, please make sure you understand the benefits and scope of each package you ask and ask as many questions as possible to avoid surprises in the feature.
