Health insurance is insurance against loss due to ill health. When you insure against loss by illness or physical injury, it is known as health insurance. Health insurance also includes coverage for medicines, visits to the doctor, medical emergencies, hospitalization and other medical expenses.

 Health insurance covers all types of losses that occur due to illness and keeps your mental health also in sound state.

 How to find a low cost health insurance?

 You may be worried since health insurance costs are going up. It is your right to have the promise of proper medical care and attention as and when you are ill. Therefore you need a health insurance. A good health insurance keeps your mental health at rest.

 As the costs for medical care including hospitalization and health maintenance are shooting up, the health insurance is also becoming expensive. Therefore you should find out the various medical plans and the insurance quotes. Remember these quotes should be on the basis of no-obligation. Carefully go through the glossary of health insurance terms.

 Go through FAQ (frequently asked questions) on internet, health magazines etc.

 What are the types of health insurance?

 There are various types of health insurance. You can choose from low cost, minimal coverage, to expensive, all-inclusive health insurance policies. Given below are the health insurance plans you can go through:

• Catastrophic health insurance suits those who wish have insurance for handling routine illness and hospital stay. For these types of plans the deductibles (the amount you pay out of your pocket before your insurance company starts paying) are generally big. There is a limit on the amount your insurance company pays for illness.
• Short term health insurance is meant for a certain period of time. Pre-existing health problems may not be covered in this type of health insurance. Remember pregnancy and child birth are not covered under the short term health insurance plan.
• In case you are looking for a long term care of self or any other insured member of your family you can opt for Health Maintenance Organization (HMO). In this plan you have a preventive care physician who provides you the preventive care. There is a provision for extra specialists or hospitalization if the need arises.

The flip side in HMO insurance plan you can choose limited number of physician from the available network.

• If you do not wish to limit yourself as far as choosing a physician is concerned you can go for Preferred Provider Organization (PPO). In this type of health insurance plan you are free to choose any doctor outside the network. However, your insurance company will pay only the 80% of the costs if you choose a doctor outside the network.
• There is another health insurance plan available know as Point of Service (POS). In this type of insurance plan if you wish to see a specialist in or out of the network, you have to see him with a referral given by the doctor within the network. If you see the specialist without the referral your insurance company may not pay you for the expenses.
• You can also choose a health insurance that gives full service but at a considerable expense. Any type of illness is covered under this plan. The illness may occur anywhere.

 How to safeguard against health insurance frauds?

 The following constitutes the health insurance fraud: Some times your insurance company may show the bills for expensive treatments, tests or equipments you had never received. There may be double or triple billing for the same treatments. You may be given dangerous and life-threatening treatments.

 It is necessary that you check the billing statement. Clarify anything that you do not understand regarding the bills. Ensure that your health insurance company has proper license. Maintain your medical records. Do not sign any blank insurance claim form. Do not pay your premium in cash. Do not fall for the claims for health coverage provided at unreasonably low price.

 All these steps will insure your physical and mental health.

Understand the Basics of Health Insurance is a post from: Mental Health