Health Insurance Rates
It’s the political hot point that millions of people love to argue about. Over the past ten years, fights about the true value of health insurance, and its value as a public service, have erupted throughout a range of political outlets, universities, and debating groups. It’s the issue that just won’t go away – a major point of contention for those who politically disagree with it, and those that support it.
While it’s easy to have a different political outlook on health insurance from someone else, it’s very tough to deny the importance of the service altogether. Health insurance is a service – either public, or private – that allows everyday people to access quality healthcare and medical assistance. One of the world’s biggest industries, it’s also a multi-trillion dollar international healthcare commodity.
In fact, healthcare and health insurance by itself is one of the few services that every human, no matter where they’re from or what their background may be, can understand. It’s a vital, essential, valuable service, and it’s something that we all deserve to access. Whether through an employer or through public care, everyone needs access to real health advice and valuable personal treatment.
In this guide, we’ll look at the health insurance rates offered to the public, both by private insurance companies and by the many government-backed health insurance schemes. We’ll look at how you’re already able to gain health insurance through your employer’s programs and financing. We’ll also take a look at how the recent government rulings could affect your own private health care rates.
Before we begin, however, let’s look at what health insurance is, and what it isn’t. There’s a great deal of misconceptions about health insurance and what it offers to those that have it. While it’s a valuable service, and one that can save consumers a great deal of money when things go wrong, it isn’t something that guarantees you the greatest quality of care and assistance in every situation.
As health insurance rates and policies can vary dramatically, so can the quality and depth of service offered. A basic health insurance policy, for example, may only provide coverage up to a certain low level. In many cases, this could mean that you’re able to find treatment in a private hospital for only a range of issues, with the others requiring you to move around your policy and use public care.
First, let’s look at the range of different health insurance plans, and health plans available. At the bottom rung of the ladder are ‘care plans’ – simple health coverage pools that are paid into by an entire range of people. These are often used by low-level employers to provide coverage for their non-salaried staff. They’re cheap, relatively effective, and affordable, yet offer limited coverage.
Why? Because of the low cost of this type of healthcare coverage, only minimal treatments are covered under the policy itself. Employers, particularly those in retail or food service, tout this service as health coverage for its employees. While this is technically true, the level of care that these policies offer tends to be limited, albeit of good quality and reliability.
Beyond this, there’s health insurance offered through an employer’s plan, now a necessity for most salaried employees following the recent healthcare and health insurance overhauls. Your employer, with you as a salaried employee, must make contributions to a health insurance policy set up as an easy method of providing assistance to you, or as a joint fund for multiple different employees.
The specific details of these schemes can vary, but generally speaking, the rates remain fairly low for the employees that are supported by the employer-backed scheme. While you’ll be required to make contributions to your health insurance coverage from your salary, you’ll undoubtedly pay a great deal less using your employer’s scheme than you would purchasing insurance independently.
Beyond this, there are private health insurance policies – policies that can be taken out either as an individual, or on behalf of your entire family. While this type of insurance tends to expensive – it’s just you making contributions to your policy – it’s also typically of the highest quality. Your care is of a high standard, and since the policy is yours alone, you’ll likely receive prompt treatment.
This type of health insurance coverage is particularly popular amongst families that are aiming to insure both themselves as parents – and as professionals – and their children on the same insurance policy. Group policies of this type tend to be significantly less expensive on an individual scale than a similar single-person policy. This makes private insurance an appealing option for families.
Health insurance rates can vary dramatically not just from one provider to another, but from one person to another. Your health is immediately altered by your lifestyle. Heavy smokers tend to be more likely to run into health issues, for example, increasing their policy costs. Likewise, fitness gurus and athletes may experience lower rates due to their high levels of health and well-being.
Whichever option you choose, employer-backed healthcare or private insurance – it’s essential that you spend time both researching your options, understanding what you’re entitled to under a policy, and keeping yourself in great shape regardless of your coverage options. Health insurance is a very important service, but its use can often be minimized – and rightly so – by living a healthy life.