Health Insurance Forum

3 Types of health insurance plans that you can get

by admin on 19/05/10 at 7:24 am

There are various types of health insurance plans that are available in the market. There are three major types of health insurance plans. They are group insurance plan, individual insurance plan, and floater insurance plan.

Types of health insurance plans
The three types of health insurance plans are given below:

1. Group health insurance plan: This type of health insurance plan is purchased by an employer for his employees. Both small employers (company that have around 50 employees) and the large employers (company that have more than 50 employees) can purchase this insurance plan. According to federal law, no insurance company can deny group insurance plan to any small employer or an individual employer.
2. Floater insurance plan: This insurance plan provides coverage to both individuals and members of a family under the same plan. Only, a single premium has to be paid. This plan covers medical expenses incurred during hospitalization (room charges, doctor fee, medicines, etc). Under this plan the insurance company will bear the expenses 30 days prior to hospitalization as well as 60 days post hospitalization.
3. Individual insurance plan: This insurance plan is purchased by those individuals who don’t qualify for group insurance plan. The individuals have to pay more premiums for this kind of insurance plan.

Other insurance plans
Some other health insurance plans that are avilable in the market are given below:
• Family floater health plan: This plan takes covers the expenses on hospitalization of the whole family.
• Silver health: This insurance plan takes care of medical expenses for people aged between 46 to 75 years.

You should carefully examine the services that health insurance plan is providing before taking any health insurance. Also, you need to know the amount of money that you have to pay for the monthly premiums. You should opt for that health insurance plan that provides cost-effective and comprehensive coverage.