With the economy the shape it’s in, many families have faced, or are currently facing financial struggles. In addition to the MA SHP requirements, colleges and universities are also required to include certain benefits in their student health insurance plan under the requirements of the Public Health Service (PHS) Act and the Patient Protection and Affordable Care Act (Affordable Care Act).
Out-of-pocket maximum – as soon as the insured’s covered expenses reach a certain amount during a 12-month period, the plan will cover all usual and customary fees from then on. The insured has to remember that any charges above what are considered as usual and customary by the insurance company will have to be paid for by the insured.
With cabin rent and other costs payable by insurance companies being increasingly linked to the sum insured, it’s advisable to take an adequate cover as early as possible, especially because the sum insured may not be increased in the event of a claim.
By making health insurance companies beholden to their stockholders, they are easily persuaded to to practice medicine without a license: to dictate to doctors what services and/or procedures are permitted, for whom, when and how often and at what cost to the insurance company.
A joint venture of Bharti Enterprises, one of Indian’s leading business groups, and AXA, the France-based international insurance solutions company, Bharti AXA General Insurance is a provider of various general insurance solutions in addition to health insurance.