How much is health insurance and does it apply the first day you get it?
I wаѕ thinking аnd curious bесаυѕе I hаνе insurance given tο mе bесаυѕе I аm a student bυt I wіll soon bе graduating аnd hаνе tο gеt mу οwn? Whο саn I add tο іt аnd іѕ thеrе a limit οn whаt уου саn gеt οn health insurance? Iѕ Dental separate?
Yes, dental is seperate. If you get an individual plot, you can’t add anyone. If you get a family plot, you can add your spouse and kids.
If you’re 25 and perfectly healthy, and not overweight, a excellent low/no deductible plot is going to cost you around $250 a month. It takes a few weeks to kick in, so when you buy it, if you bought it, say, July 10th, and they accepted the application, and payment, it would most likely go into effect August 1st. Usually it goes into effect the first of the following month.
But it’s not like car insurance – you can’t choose tomorrow you want it, and have it active within 24 hours. You have to fill out applications, sometimes give blood/urine samples, have medical records sent, etc. It can take weeks.
How much health insurance costs depends upon many things such as what type of plot you get, what levels of coverage you get (amount of deductible, co-pay, co-insurance, and maximum out-of-pocket expenses.) It also depends upon whether you choose an PPO or an HMO. Then it depends upon what company you get it with. No one can tell you exactly what it will cost you. The limit often depends upon how much you are willing to spend for coverage. A young self who has reasonably excellent health probably doesn’t need to have the highest coverage since it will cost you more for things that you may not need. You might need to have surgery or be injured in an auto accident, so you would need to have hospitalization coverage. But, if you are in excellent health, you probably won’t use the hospitalization coverage very much (if at all) for some time to come, so it most likely would not pay to have the lowest co-insurance for hospitalization. (Instead of a 10% co-insurance, a 30% co-insurance might be a better choice. 20% co-insurance is what a lot of people with families have and are pleased with it.)
Hopefully, after you graduate you will get a job that has excellent benefits with it. “Excellent benefits” would include being offered the option of a group health-care plot. Dental care is sweet much a separate item from health care. But, some health care insurers also have dental plans.
If you need help understanding terms such as co-pay, co-insurance, deductible, and out-of-pocket maximum, check out the Resolved section under Insurance on Yahoo Answers because there have been several questions questioned lately in this area the meanings of those terms and they have been clarified in relatively apparent and easily understood ways.
When does it apply? It depends. Many things are paid for from the first day you have it. Some conditions are subject to a period of exclusion. But, if you can prove that you were covered by a health-care plot up until you useful for the one that you get, the period of exclusion may not apply. An example of exclusion. If you were to get your insurance this morning and this evening you were to fall and break your leg, that would not be subject to exclusion since there would not be a way of knowing in advance that you were going to break your leg. But, if you were already pregnant before you useful for insurance, that would be subject to a period of exclusion since you already knew in this area it before applying for health insurance. (This exclusion does not always apply to group health plans offered through employers.)
It is much simpler to get coverage through a group plot with an employer (and your coverage can start nearly straight away). If you get it on your own, it can take a lot more time to be approved since you often have to pass a physical including blood and urine tests.
thanks