When it comes to this health coverage, people always wonder if the premium is worth it. Does life really carry that much risk?

Let’s say for example purposes that you call yourself an amateur basketball player that should have gone pro. Instead, you became a teacher and decide to use your expertise on the court with fellow co-workers and friends. During a pick-up game, you take the lane directly to the basket for an easy bucket and to draw some contact for a foul and you hit the ground hard suffering a mild concussion. The following list is a rough example of the procedures and fees attached to each of them.

Laboratory- $156.00

Physician- $186.00

Physician (Urgent Care)- $186.00

Radiologist- $282.00

Emergency Room- $359.00

Physician (Hospital)- $410.00

X-ray- $486.00

CAT-Scan- $1444.00

Total- $3604.00

Although this is a fictional example, there are real dangers that come with being human and some of them are direct threats to your health. Also, as you see in the fee statement above, the fees that stem from any of those potential dangers can be staggering. Health insurance is a way to have that weight shared with those whom can handle it.

Health Insurance Coverage

There are several different types of health insurance out there and it is important to know what they consist of in order to know how you can best be suited with the right plan for yourself and your family in case it is necessary. You have managed care, fee for service or indemnity plans, and point of service plans. Each of these plans offer different services and have several different requirements. In order to know all the services and requirements specific to that particular plan, research is necessary as well as knowing and understanding terminology, fees expected to cover, and what the agency agrees to cover as well.

When shopping for insurance, be sure to be prepared and ask plenty of questions. Although it seems these companies are not your friends and just in to get inside your pockets on a per pay period basis, keep in mind that you need them as much as they need you. Without insurance, your life and the lives of your family members can be a bit more stressful and expensive. A health insurance agency cannot pay your mortgage, but they can make sure you are not paying full price for medical expenses. That’s a good enough trade off if you ask me!

Tags: health coverage, managed care, medical expenses