Insurance Info

Residents looking for health insurance Florida have a variety of options to choose from. They could either buy an individual policy or access health insurance at work. The medical policy could either be a government sponsored one or could be bought from the hundreds of health insurance companies operating in the state.

Continue reading ‘An Overview of Health Insurance in Florida’ »

There are many different aspects of your health and habits that are taken into consideration when you have a health insurance policy underwritten. These factors work together to create the general risk that you life presents to the insurance company. It is not until all these factors are considered that your insurer can determine whether or not to issue your policy and what premiums to charge. Here are some of the main factors that health insurance underwriters consider when reviewing your health insurance application for approval. Your medications: The medications you take give a tremendous insight not only on the prior events of your health history, but also on what your doctor thinks might be in the future. For instance, you might not have had a heart attack yet but if your doctor has you on a cholesterol medication, then it is likely that he or she thinks you may be at risk for one in the future. That indicates to a health insurance underwriter that you could be a risky bet. Your actual health history: The events that comprise your health history give an insight not only into what your health future might hold but also in how you treat and respect yourself. For instance, Type 2 diabetes is often caused by obesity and poor eating choices. If you have Type 2 diabetes then it is unlikely that you eat well or exercise, which puts you at risk for a whole host of additional health problems. Your family history: DNA ruins a lot of things health wise. If heart disease runs in your family then you are much more likely to suffer from it eventually. The same can be said for cancer, obesity, diabetes and certain mental illnesses. Knowing that someone in your family has suffered with these issues could change how a health insurance underwriter views your application for coverage-even if you are in perfect health. Your weight and height: Your weight and height indicate how well-proportioned you are. Someone who weighs 300 pounds and is 5?3? is much more likely to be considered obese than someone who is 6?5? and weighs the same. Smoking status: If you are a smoker-even an occasional lighter upper-then you are putting your body at risk for cancer, lung disease, emphysema and more. This will not be looked upon favorably by the underwriters reviewing your health insurance application.

What is health insurance?

Health insurance, also sometimes called private medical insurance(PMI) is designed to cover the costs of costly or unexpected personal health care.

Private health insurance is available for both individuals and businesses. Also, some individuals purchase PMI directly, while others are offered it as a benefit as part of their employment package.

How is health insurance paid?

Like most types of insurance, PMI is paid via premiums which are paid monthly, quarterly or annually, depending on your insurer and your preference. You can pay online or by phone or post. Payment options include online transfer debit or credit card and cheque.

You’ll usually receive an annual quote for your premiums and your premiums will be reviewed each year. Continue reading ‘A Short Guide to Health Insurance’ »