Kinds Of Health Insurance Policies

Health Insurance Policies have become rather costly these days as medical science has achieved huge successes, with a growing need for doctors all over the country. Over the last couple of years unprecedented advancements have been made in the field of medication that has given a boost to the health care industry in a very significant way.

All the latest inventions and discoveries have led to an advanced medical technology. However, there is a lot that had to be invested in the researches to bring ahead these pioneering breakthroughs which have created new grounds for a better living for mankind. Hence with all that put together, the prices of the health insurance policies are growing a little too expensive.

There are a number of other factors that contribute to the hyped prices. To name a few would be flawed legislations. This has led to embarrassing situations and the demand for immediate intervention of the Government of the United States of America to come ahead and take a part in the pricing process as far as insurance policies are concerned.



Federal organizations have taken up a significant role in the health care industry. They should do something similar to what has been already achieved in Canada, where the government provides a good amount of subsidy for the health care services of the entire population. This is why the insurance costs are low and within an affordable range.



Here is a list of the diverse range of health insurance policies available in the market.



1) Health Care Insurance based on Employment: A private health care insurance is like a health plan that is provided to each of the employees by the employer or the labor union. This is particular kind of insurance that is provided by the employing company and is bought from a private company that sells health care insurances.



2)Health Care Insurance plans that are directly purchased: This is a health coverage plan that is purchased personally by an individual from a private health care insurance provider. These insurances come with different levels of coverage. Nowadays a lot of insurance companies are also providing policies for people from lower economic backgrounds. However, the primary category that the insurance companies deal with is the policies which come with the increased monthly premiums.



3)Government Health Care Insurance Policy: The health care insurances provided by the government of the United States are distributed on all the federal, state and local levels. These are coverage plans provided under the insurance schemes sponsored by the Government. The most common ones are the Medicaid, Medicare, SCHIP and the Military health care plans. People who luckily qualify for these insurances may rest assured as the government bears a considerable sum of their expenses whenever necessary.



4)Specific Insurance Plans provided by the state: These insurance plans, as the name suggest, are sponsored by the individual states in the US. This is a special health coverage plan that is given out by the state office to its many constituents and is termed under different names in different states.