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If you're listening to your parents for consolation about your dead-end job, you might be told that a limited benefit health insurance policy can pay for all but the most expensive hospital visits. Despite being just as stressed and upset about their bad situation as one with more coverage, a limited benefit policy might be the best option for them.
Aside from its low monthly premium, a limited benefit health insurance policy usually requires no medical questionnaire or medical history form by which to determine eligibility. It only pays out benefits when an insured person gets sick or injured while covered, and not before hand. It also excludes any benefits related to treatment for a pre-existing illness or injury, which is most cases.
Limited benefit health insurance policies are packages of benefits that can be purchased without going through the hassle of filling out paperwork for medical history and answering questions about your lifestyle. They only provide coverage on the day you get sick or injured, and not before hand. Hence limited benefit or accident only health insurance policy. In short, it's a cheap way to insure your body against one random event per year: being hit by a bus while crossing the street.
Aside from its low monthly premium, a limited benefit health insurance policy usually requires no medical questionnaire or medical history form by which to determine eligibility. It only pays out benefits when an insured person gets sick or injured while covered, and not before hand. It also excludes any benefits related to treatment for a pre-existing illness or injury, which is most cases.
Limited benefit health insurance policies are packages of benefits that can be purchased without going through the hassle of filling out paperwork for medical history and answering questions about your lifestyle. They only provide coverage on the day you get sick or injured, and not before hand. Hence limited benefit or accident only health insurance policy. In short, it's a cheap way to insure your body against one random event per year: being hit by a bus while crossing the street.
