Sunday, June 25th, 2017

Health Insurance


health_insuranceHealth Insurance

The average life expectancy is approximately 75 years. It gradually increases as new medical treatments and advancements allow individuals to live longer, healthier lives. Health insurance helps people afford the medical visits and procedures required for maintaining a vigorous way of life. There are many different plans and policies that may be utilized. Some health insurance plans are provided by the government. Several are offered through employers. These plans may also be obtained by directly paying the insurance company.

Health insurance operates on the principle that the whole is greater than the sum of its parts. A large group of individuals agree to pool periodic payments into one “account” held by the health insurance company. In turn, the insurance provider will cover most of each patient’s medical costs. This plan greatly reduces the financial burden of large medical bills. The health insurance policy holders pay only a periodic premium and/or deductible to avoid paying large lump sums.