Health is Wealth: A Guide to Health Insurance

​Paying hospital bills isn’t exactly the easiest task especially in times of emergency. While using savings is an option, knowing that paying medical expenses won’t break the bank is protection.

What You Need To Know About Health Insurance
Health insurance is a must. It’s a safety net for when expensive treatments for diseases are necessary. It also serves as protection for when accidents occur and one needs medical attention. To avoid the hassle of worrying for when times like these occur, getting health insurance is essential. 

Components of Health Insurance
Insurance undergoes a process. This includes paperwork, packages, and some conditions for health insurance operationalization. 

If one’s considering getting health insurance, here’s a list of what health insurance is composed of.

• Premium refers to the amount that policyholders pay to the insurance agency. Classified as fees, the premium is what the insurance agency pays in times of health emergencies. It also depends on the age, gender, region, and medical history of the policyholder. 
• Deductibles refer to the payment policyholders pay for health problems that occur before the insurance policy. 
• Copays are the costs policyholders pay to avoid unnecessary expenses by the insurance agency.
• Coinsurance refers to the level of expense that the agency agrees to pay in cases of emergency.
• Exclusions are the diseases not covered by the policy. This can include regular diseases like flu, cough, and fever.
• The coverage limit refers to the maximum amount the agency will cover.
  
  

Why Health Insurance is Important
Although not required, getting health insurance is a must. Here are some of the reasons why health insurance is beneficial.

• Emergencies like unexpected illnesses and accidents can require expensive medical treatment. Health insurance protects policyholders from unexpected and huge medical bills. 
• Some premium packages of health insurance policies offer life insurance. In case of the unexpected death of the policyholder, dependents can make claims for the death benefit. 
• Certain healthcare providers offer discounts to policyholders. This provides more protection and additional savings.
• Most health insurance packages include vaccinations for viral diseases. Some may include screenings and checkups as well. This allows for preventive care and avoidance of serious illnesses. 

Conclusion
Accidents don’t come with a warning and neither do medical bills. Protecting one’s health and savings is essential, especially because emergencies come unexpectedly.

At Hayek Insurance, we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (805) 496-8835 or Click Here to request a free quote.