A current, major concern in the health-care industry is the rising price of health-care costs. Many people are becoming unable to provide health insurance for themselves and their families. The costs are rising because the hospitals and doctors are charging higher prices due to the fact that they know that a majority of the individuals will not have to pay the bill themselves anyways.
The four major types of health insurance coverage are (1) basic health, (2) major medical expense, (3) dental and eye, and (4) dread disease and accident.
A co-payment is an amount of money paid to help cover medical costs that are incurred. A co-payment may be a flat amount or a percentage of the total amount of a procedure. A deductible is the amount you pay in full before you receive any benefits from an insurance company.
The three major types of health-care plans are (1) private health-care plans, (2) nongroup coverage plans, and (3) government-sponsored health-care plans.
Four important things that you can do to control your health-care costs are the following: (1) live a healthy lifestyle, (2) use a medical reimbursement account or health savings account (HSA), (3) take advantage of COBRA when changing jobs, and (4) opt out of a company’s insurance plan if you already receive benefits from a spouse.
