Health insurance has long been a major concern for individuals as it serves as protection for medical costs in the future. Health insurance is also a kind of secondary insurance which covers only a piece or the entire extent of an individual’s risk in terms of incurring medical expenditures. As with all other forms of health insurance, there is considerable risk amongst many people. Those who are at higher risk or have certain pre-existing medical conditions, will usually pay a higher premium than the average person.
The current “affordable” health insurance plan is called the CHIP or the comprehensive health insurance program. The CHIP program offers long-term care benefits to certain individuals and families with an income that is lower than the upper income group. The CHIP program is not something that every family is eligible for, nor is it available in all states. In order to receive CHIP coverage, you will need to apply for coverage through an agency that sells private short-term health insurance. These agencies are generally created by state governments.
In addition to the CHIP program, there are other kinds of health insurance plans. Some insurance plans are managed care plans, which means that they will reimburse the medical treatment costs of the insured for any illness that occurs during the plan period. Some other health insurance plans offer coverage for only the “under insured” or those persons who do not possess medical insurance but are nevertheless required to have a minimum amount of medical treatment, for a specified period of time. Other insurance plans are indemnity plans, which means that the insured pays a sum assured to another individual if the insured gets sick, for treatment that is not covered by the health insurance policy. As you can see, there are a lot of health insurance options available to suit your individual needs and budget.