Health Coverages

No matter which type of health insurance you buy, you'll need to make sure it offers the right kinds of coverage.

What should be covered?

A good health insurance policy contains several types of coverage.

Hospital expense insurance pays your room, board, and incidental services costs if you're hospitalized.

Surgical expense insurance covers surgeons' fees and related costs associated with surgery.

Physicians' expense insurance pays for visits to a doctor's office or for a doctor's hospital visits.

Major medical insurance offers extremely broad coverage with a very high maximum benefit that's designed to protect you against losses from catastrophic illness or injury.

Prescription coverage generally offers a co-pay on drugs. The insurance company may have their favorite drugs that you may get the best price (usually generic). These co-pays can be either a flat fee for prescriptions or a percentage of the total cost. Do not assume this is covered! More and more plans are doing away with this coverage as the prices for drugs are on the rise.

When comparing health insurance plans : Make sure you always compare the same coverages to get the most accurate pricing.

Related Article: Additional Coverages >>