What is a health Insurance?
Health insurance is that kind of insurance coverage that pays for medical and surgical expenses which caused by the insured. Health insurance can refund the insured for expenses incurred from injury, or pay the care provider directly. It is often benefit packages for employer as a facility for employees. The cost of health insurance will be deducted by the payer in shape of premium, and that benefits are completely tax-free
Health insurance policy
A contract between an insurer (e.g. an insurance company or a government) and an individual or his/her sponsor e.g. an employer or a community organization. The contract can be renewable e.g. annually, monthly or lifelong in the case of private insurance, or be mandatory for all citizens in the case of national plans. The type and amount of health care costs that will be covered by the health insurance provider are specified in writing, in a member contract or “Evidence of Coverage” booklet for private insurance, or in a national health policy for public insurance.
Health Insurance Benefits
If you are married and have Children’s, health insurance can be Helpful for your medical expenditure and Give a better health to you and your family.
Small disease like Fever, flu, and cough are normal and they are not many expenses for check up, but if you need a surgery that is more expenses than your monthly budget, health insurance can provide you full treatment plane.
When you get health insurance you can go any type of hospital and check yourself without any payment tension.
Some insurance will even cover the expense of ambulance for the patient to travel to the hospital.
Types of health insurance
There are Different types of health insurance. Medical health insurance may be accomplished for you and your family through a private insurer, through an employer, or through the Government, it is also known as public health insurance.
Other types of health insurance can cover more than just medical services, and you may need to purchase additional insurance plans to cover all of your needs. Those may include:
- Prescription drugs
Importance of Health Insurance
Mostly sad that there is nothing is important than your health, and it’s a big truth. Among every other thing, if you lost your health you lost your earnings if you are not able to work, and it can also mean medical bills that are extremely expensive.
Health insurance helpful to your financial loss for costs incurred because of illness or injury. According to the U.S. Census Bureau, an estimated 85 percent of all Americans have some form of health insurance. Health insurance is only a benefit for you and there is no loss because Health is the first priority of family and they need to get good health and good doctors. When a man checked by a specialist doctor it is good for his/her health.
Health Plane Types
Every health plan is different to others, but you need find a plan to cover preventive care, like doctor visits and with screenings, as well as hospital visits, ER trips, and even prescription drugs.
The health insurance premium is a fee that you have to pay you want to coverage of the medical conditions or treatments according to policy. If you are an employee of a company then employer must have to pay a premium in shape of fee if he gives you medical facility.
Health Insurance Companies in Pakistan
There are various kinds of health insurance in Pakistan. Some of the major insurance companies in Pakistan are given below.
- Adamjee Insurance Company Limited,
- Alfalah Insurance Company Limited
- Allianz EFU Health Insurance Limited
- Alpha Insurance Company Limited
- Asia Insurance Company Limited
- Askari General Insurance Company Limited
- Atlas Insurance Limited
- Century Insurance Company Limited
- Chubb Insurance Pakistan Limited
- Continental Insurance Company Ltd
- East West Insurance Company Limited
- EFU General Insurance Limited
- Excel Insurance Company Limited
- Habib Insurance Company Limited
- IGI Insurance Limited
- Jubilee General Insurance Company Limited