How health insurance works

[Nightmare]

Health is life . nothing can be more important and compared to health . as a mayyer of Fact , you should be ready to do and have all it takes to get a good and quality health .
And how can I attain this phenomenon ?
Simple ! By having health insurance .
When you have your Health insurance in place , then you have less percentage to suffer from health affairs .
As a matter of fact , health insurance should be made compulsory and essential to every individual . this is because there would be development and positive changes . you might be wondering how it gonna work right ?
Yeah , when almost Everyone living in a particular area or society have an health insurance . then surely in that area or place , there won't be any suffering from health problems .
Health insurance also covers one's health expenses ,and therefore it has positively promote or increase an individual income . and when a large number of people has an health insurance , then definetly that area would be develop and be luxurious . this is because almost everyone would have enough funds to deal or handle finances .

 

[Knowlopedia]

Most people are familiar with health insurance, but how does it actually work? Health insurance is a type of insurance that covers the cost of medical care. It can be purchased through an employer, a government program, or directly from an insurance company. There are many different types of health insurance, but they all work in basically the same way.

When you have health insurance, you pay a monthly premium to the insurance company. In return, the insurance company agrees to pay for some or all of your medical expenses. The amount of coverage you have depends on the type of policy you have. Some policies only cover major medical expenses, while others may cover routine care, prescriptions, and more.

If you need to use your health insurance, you will typically have to pay a deductible, which is the amount of money you must pay out-of-pocket before your insurance company starts to pay for your care. Once you've met your deductible, you will usually only have to pay a copayment or coinsurance for your care. This is a set amount that you pay for each doctor's visit or prescription. Your insurance company will then pay the rest of the bill.

 

[hellozindagi]

A health insurance policy is a contract between a person and an insurer (insurance company) under which the insurer promises to pay for any future medical bills as long as the beneficiary continues to pay the premiums.
The premium is calculated under Hello Zindagi's Health Insurance Plan is in case of Individual policy it is as per the age band and the sum insured selected by the customer.

In case of family floater the premium for the primary insured remains at actuals from the individual table. For remaining dependent members discounts applicable on their respective premium is as table below.

Age Band	Discount Rates	Age Band	Discount Rates
0-17	60%	51-55	40%
18-25	55%	56-60	35%
26-30	50%	61-65	35%
31-35	45%	66-70	35%
36-40	45%	71-75	35%
41-45	40%	76-80	25%
46-50	40%	81-85	20%
		>85	20%