What Is Insurance? Example About Insurance.

What Is Insurance? Example About Insurance.

This is the best largest and known company in nation. Its monthly fees is lowly high but this insurance company is good. I place it no 2 because its monthly fees is high compare then Amica insurance company fees. This company is in 2nd number best company. Many rich persons join this insurance company. Like to read more about this insurance company. Like to get more knowledge about this insurance company then click here to view the site of this insurance comapny.




I just like this two insurance companies because i check this insurance companies and i also joined this insurance companies for test. If you like to make a car insurance for your car then you need to choose this two companies. if you are poor then join amica. If you rich and you have money then join State Farm.

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What Is Insurance? Example About Insurance.

Insurance companies pay most of the costs to keep you healthy it's a little complicated at first but not when you understand how everything works together your
deductible is the amount of your medical costs that you have to pay before your health insurance begins to pay these amounts can vary dramatically between different plans here's an example gina has a health plan with a fifteen hundred dollar deductible if Hamza only has a few little things so he go wrong during the year that costs less than 1500$ total he's going to pay the full amount to treat them
however if Hamza has a catastrophic injury or serious illness that requires a lot of medical care to get better He'll pay her $1,500 deductible and then her health insurance takes over to pay most if not all of her additional covered costs often plans with higher deductibles have lower monthly premiums the exception to deductibles is preventive care like annual physical exams and routine gynecological visits with in network doctors which are covered by most plans even this before meet a deductible sometimes even after you met your deductilbe you may still have to pay a copay a copay is a set price that you pay when you visit the doctor a small portion of the total money pays very by policys and can change if you like to get check up from specialist insteat daily check up from doctor or a seek treat ment of your provider net prescription drug coverage may also have normal pays. which can be highest for specially medicine and lower for generic drugs let say Hamza goes to the doctor with a case of Aids doctor charges a $870  and when Hamza fill her prescription He pays a five dollar copay to the pharmacy her out of pocket costs are thirty five dollars and her insurance company will reim burse the pharmacy and the doctor for the difference between the copay and the cost of treatment some plans have coinsurance which is the way you and your health insurer share the costs of your care after you met your deductible for example if Hamza is injure and he's met her deductible for the year her health plan will pay 86% of the cost of the rest of her covered expenses leaving Hamza responsible for the remaining 21% maximum out of pocket is the most you could be responsible for pay for during the plan year for covered expenses so to set it up deductibles are the you must pay first before your insurance pays its share then you pay only a small portion of your healthcare costs either a set copay amount or a surance percentage maximum limit out of pocket is the most you will pay for covered treatment in two years so now you know until next time stay smart and stay healthy you.

I hope that you understand this.
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