I’m looking to purchase a health insurance policy here in New York in the near future. What do I need to know about health insurance?

Milton

NYC

Milton, to give you an overview of what health insurance, it is mainly just another type of insurance covering hospital or medical expenses. Say, you were diagnosed with something life-threatening, like a stroke. A bypass operation was found out to be needed. It is unfortunate that after the surgery, therapy and other expenses will still hound you. It is really financially backbreaking to undergo a medical procedure such as a bypass operation without sufficient health care plans. Paying for a medical operation such as that will literally wipe out your fortune in a few months’ time.

You have to remember that this type of insurance product has a high decline rate. According to a study, around thirteen percent of applicants were denied to get a comprehensive medical health insurance in 2004. What does this mean? It means that while you are young, healthy and capable of paying for a health insurance, then you should do so. Who knows, a year or 5 years from now, you may be one of those guys included in the thirteen percent tally of declined applicants deemed as very risky. Not only that, but having a health care plan actually would make you a healthier person as you will be more inclined to go for check-ups.

Milton, if I may add also, non-smokers are given the privilege of having smaller premiums. To ask for quotations, please contact your health insurance agent in New York.

Luckily, in New York health insurance, any group health insurance plans that you get through your place of work has to cover more than just yourself–it has to cover your whole family. So if you have NY health insurance with your employer, your spouse and children must be covered as well. It also helps that if you or anyone in your family have a pre-existing condition, they are still entitled to get NY health insurance and can’t get turned down. Even if you are part of a smaller company, you don’t have to worry about your medical health insurance plan getting canceled just because one of the employees has to make a claim.

Cheers,

Fashun Guadarrama.