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Debunking the Myths Associated with Health Insurance

Health insurance can indeed be confusing. There are a lot of misconceptions about the plans and what they cover, but that doesn’t make it any less important to have one. Here we are busting some of the common myths associated with health insurance plan:

  1. Healthy people Do Not Need Health Insurance

Some people believe that they do not need health insurance because they are healthy. This belief is completely false, as everyone needs to have some form of coverage in case something happens. It does not matter if they are young, old, or somewhere in between. Life is uncertain, and you need health insurance to protect yourself and your loved ones from its financial implications.

  1. Health Insurance Is Expensive

Medical insurance can indeed be expensive, but it doesn’t have to be if you take the time to shop around. You may find a plan at a lower cost than what your employer offers or even cheaper. The key thing with shopping for healthcare plans is knowing which questions to ask and where you might get discounts. The earlier you take health insurance, the more cost-effective it will be for you.

  1. Corporate Health Insurance Plan Is Sufficient

While most employees enjoy the benefits of corporate health insurance plans, these are not always enough to cover all costs. For example, some companies provide coverage for certain providers and their networks.

Another problem with corporate health care plans is that they are not always flexible enough to meet the needs of employees’ changing life situations, such as child, divorce, or relocation. It also can be tough for a company-sponsored plan to offer certain benefits like infertility coverage or specific mental and physical illness treatment.

  1. The Coverage Starts From The Day One

This is not true. It is possible that you have to wait for your coverage until you get the enrollment confirmation from the company. It depends on how long it takes for insurance providers to approve your application. In this case, the best thing you should do is to contact them and ask about the time frame for your coverage to start.

  1. Pregnancy is Covered in Health Insurance

Many people believe that their health insurance plan covers pregnancy. But, this isn’t true because the majority of plans do not cover care related to a baby or infant until after delivery and your hospital stay is over. This means you’ll still have doctor visits during your third trimester at an out-of-pocket cost.

A few companies offer pregnancy coverage, but the majority of plans do not have it as a benefit under their plan. And if you are having your baby or infant delivered with any other type of medical insurance (like Medicare), then they will cover care related to your baby or infant.

Read Also – Why getting a short term health insurance plan is good for you?

  1. 24-hour Hospitalisation Is Required For The Claim

Some policies may not require hospitalisation to be eligible for a claim, but it does depend on the policy. You must read your health insurance plan carefully before making any assumptions about what will be covered and when benefits start or stop.

  1. Smokers Does Not Get Health Insurance

There is no law that stipulates health insurance companies cannot deny coverage or charge more to smokers. Smokers can still get health insurance coverage, but not all insurers will insure them, and rates may be higher than for non-smokers. This is because smoking increases the risk of developing cancer, heart attack and other conditions that can make a person uninsurable or charge high premiums.

  1. Health Insurance Covers The Entire Hospital Bill

FALSE! This is one of the most popular myths about health insurance. It only covers a percentage of what you owe for your hospital bill, which means that you will still need to pay some money out-of-pocket. The way it works is that if your total hospital tab exceeds the amount covered by your plan, then you’ll have to pay the rest.

Health insurance can be one of the most important decisions that you make for your family. It is a vital component in achieving and maintaining good health, which is why it is so important to understand the myths associated with it.


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