Reduce Financial Risks With Health Insurance Coverage

Reduce Financial Risks With Health Insurance Coverage || NeoDrafts

  • Author : Jasmine
  • Published : August 07, 2020

Reduce Financial Risks With Health Insurance Coverage

Good health is a blessing, and so is Health Insurance Coverage. With the skyrocketing medical care prices, especially in the private sector, affordability comes in as a constraint. But, a health insurance policy can be your life savior— it will cover all your medical expenses, including the hospitalization costs in case you suffer a critical disease or meet an accident.

Reduce Financial Risks With Health Insurance Coverage

Buying a health insurance policy ensures proper medical care and treatment without having to burn a hole in your pockets. Illnesses are increasing day-by-day. While medical treatments are making advancements, it is also getting expensive. Investing in insurance plans helps you to save and systematically plan for the future.

The kind of benefits you will receive from a health insurance policy depends on its type. This article will cover the basic types of Health insurance policies.

Types of Health Insurance Policies:

Indemnity, or fee-for-service plans: In an Indemnity plan, the insured can choose from several healthcare providers. The insurer pays at least 80 per cent of the total medical expenses, and the patient pays the rest as a co-insurance.

Managed Care Plans: The policyholders get lower-cost medical care as the insurer has contracts with a vast network of healthcare providers. The patient will have to pay additional money for out-of-network hospitals, but in the case of expensive policies, the system is quite extensive and flexible.

Preferred Provider Organizations (PPO’s): The PPO has a network of approved policy providers with negotiated costs. The insured has the option to choose the doctor or specialist, which makes it similar to an indemnity plan. For out-of-network providers, the insurer will have to pay comparatively less.

Health Maintenance Organizations (HMO’s): HMO’s provide medical care directly to the insured person. Cheapest of all the plans, it funds treatments referred by the doctors who have a contract with HMO. Generally, out-of-network care costs are not covered except in case of an emergency.

Choosing a healthcare policy out of these types perfect for you can be quite tiresome with so many things to consider and take care of. But, National Family Assurance takes off the burden and makes your search easier.

Why should you choose National Family Assurance to get Health Insurance?

National Family Assurance is your ultimate guide to find comprehensive insurance packages. It connects you with insurance carriers from across the US based on your risk-profile and requirements.

You can find a policy by using the website or by calling its toll-free phone number. It will take you only a couple of minutes to fill out an online form and get the best quote. Once you have filled the necessary details and you will be matched with a list of best policies for you from its vast network. Save the hassle of scouring through hundreds of websites for the best insurance providers.

Some of the features of National Family Assurance are:

  • Guaranteed approval up to the age of 85.
  • Up to $500,000 in coverage.
  • Up to 70 per cent savings on life insurance
  • No medical exam needed.

With the features mentioned above, National Family Assurance aims to find the right health insurance policy for its customers who prefer to apply and purchase insurances online. You can even get answers to all your queries by an expert. The platform makes it completely safe and easy to find, compare and choose a policy. Make an informed decision today and choose the coverage that suits your life-stage requirements.

For more information, kindly visit our official website –

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