Health insurance can also offer access to specialist drugs and treatment that may not be available on the NHS or affordable to pay for directly. Below are answers to some of today’s most common questions about shopping for health insurance. Sickness does not know our socioeconomic condition, so having a ‘choice’ to purchase a plan we can afford means we get wealth-based health care. IPT – Insurance Premium Tax: Insurance Premium tax is the tax levied on general insurance premiums if living within the UK.
Residents and small businesses can apply online for health insurance through New York State of Health. An individual health insurance policy offers coverage to an individual person up to a fixed sum insured chosen by the individual during a policy year. Student health insurance is a good option for students who attend college far from home and are not covered by their parents’ health insurance plan.
Insurance is by and large a very profitable racket, that’s for sure – it has its uses, but the profit motive has NO place in any rational healthcare scheme. Once common complaint is that insurance companies do not announce that they have increased the rates of their insurance premiums.
The insurance marketplaces are for those who are not insured and those who buy their own insurance (not provided by the employer). Health care is a big and sensitive issue all over the world, and especially in the United States, with the recent health care reforms from the current president Barack Obama – but that is another topic altogether.
Germans are offered three kinds of social security insurance dealing with the physical status of a person and which are co-financed by employer and employee: health insurance, accident insurance, and long-term care insurance. This is in contrast to, a lump-sum benefit plan, where the amount of the insured’s financial loss is not the criteria for insurance payout.