PRICE SELECTION OF HEALTH INSURANCES
Most people believe that health insurance is just a simple pay now-use later kind of product. What they don’t realize is that there is this difference between a comprehensive and a scheduled health insurance.
Because some people tend to abuse the ambiguity of health insurance policies before, what these providers had done is to set definite parameters to every kind of insurance that can be purchased by the insurer.
Comprehensive health insurance only pays a share (depends on the percentage agreed on) of the total cost after the patient’s share has been settled. As its name suggest, this kind of health insurance is usually expensive, likely because of a very high beneficial payout.
Scheduled health insurance on the other hand is more like a pre-meditated health care. This covers the basic policies like going to the doctor by the end of every month and paying for the prescription drug bills. This kind of health plan does not intend to replace the comprehensive one, since its amount payable is very limited and will not be able to cover catastrophic events.