days. This has also made health insurance a very important part of the insurance industry. Health insurance can be defined simply as insuring your health. But sometime people get confused between life insurance and health insurance. Most people believe that these are more or less the same thing. But actually they differ. With life insurance the insured amount will only be given in the case of death of the person insured. But with health insurance the insured person get the amount on having any of the health ailments given in the insurance.

While describing health insurance there are few terms which you will come across quite frequently. One such term is beneficiary. Beneficiary is simply the person who will be benefited by the insurance amount. In other words he or she is the person who will get the insured amount. Beneficiary is chosen by the insurer. Beneficiary can be any person but more often people choose their family member. So now when we are familiar with the terms used in insurance we can know what health insurance is all about. Health insurance can cover all the health related issues or it can cover only some part of it. Health insurance can really prove beneficial if you require some expensive medical treatment since it can cover all or part of your expenses.

Health Insurance can be basically of two types: Individual health insurance and Group health insurance. As it is clear from the term itself that individual health insurance covers an individual while group health insurance covers a group. Usually companies go for group insurance while individual insurance is for individuals. When you insure a whole group, you will be benefited since the package is so designed by the insurance company that the premium to you comes out much cheaper had you insured all members of the group separately. Also when a company is paying a part of the premium, it makes sense to go for group insurance.

Premium is something which is not fixed by the insurance company. It depends primarily on your health insurance at the time when you are going for the insurance, which means if your health is poor at the time of the insurance then you might have to pay higher premium. In the worst case scenario your application might also get rejected.

The reason behind all this is quite simple, the insurance company wants to earn as much profit as they can and insuring a person with poor health has a high percentage of risk. To decide the premium the company first lets you go through a questionnaire form and then they may even take some tests. The premium is then decided in accordance with your response. There are various types of plans when talking about health insurance. Some plans are only for catering basic needs while there are also others that cover all your medical expenses but only up to a certain fixed limit. This limit can vary from person to person and depends on your premium and also on your health condition. Deciding which plan to go for depends on your need.

But before going for any health insurance there are some points which you should always remember and follow. The first point is that you should always try to go through the terms and conditions of the insurance thoroughly. There are many enclosures in the policy so you should first read all of them and if you have any kind of doubt then you should first clear it. The health insurance can cover all the diseases or it can cover some of them. So if you undergo treatment for any such disease which is not mentioned in the insurance policy then the company is not liable to pay you even a single bit of that. It is always advisable that you keep all the health insurance policy, contract, the claimed bills and other important documents safely and handy in a file. Furthermore there are some points that are between you and the insurer in the form of conversations. It is always better to jot them down on some piece of paper so that you can refer to them in case of need. All these documents will help you while recovering the insured amount and can also prove quite decisive in case of conflicts.

Getting a health insurance is all the more easier these days. There are thousands of companies all across the globe providing you with health insurance. All of them basically provide you with health insurance; the only difference lies in the policies and schemes. There are many plans for health insurance. So you should always choose the one which suits your need. The company provides you with health insurance either for the life time or you can also get insured as short term. These days you can get a listing of various health insurance companies on internet together with all of their schemes and plans. So you should always first check out various company websites to get acquainted with their plans and the premium rates.

Health insurance has become a necessity for people all across the globe. Since prevention is always better than cure. These days the company agents also come to your house to give the health insurance so you even dont have to wander around looking for one. Being health insured is helpful, but keeping its regular track and maintaining the records of the same can prove to be a real blessing in any incident of need.