Health is your single most important asset in life. Without good health, it isn't easy to achieve your goals. Health insurance is a crucial coverage that helps protect you and your family from the devastating financial effects of catastrophic illnesses.
What Is Health Insurance?
Health insurance is a type of insurance coverage that pays for prescription drugs, medical and surgical expenses incurred by the insured. In addition, health insurance can also reimburse the insured for costs incurred from illness or injury.
Health insurance has various health plans under it, which include:
- Short-term medical plans
- Group health plans
- Individual health plans
Short-Term Medical Plans
Short-term health insurance plans are meant to provide temporary medical coverage when you lost a job or are no longer eligible for a group insurance plan. Short-term insurance typically covers preventive care, prescriptions, doctor visits, urgent care, and emergency care.
Group Health Plans
Group health insurance is a type of medical insurance policy for employees of a company. It provides a more cost-effective health insurance coverage to its members since the collective employee premiums are less expensive than those of an individual health plan.
Individual Health Plans
If your employer doesn't offer health insurance as part of an employee benefits program, you should purchase your health insurance. The individual health plan covers your family too and pays for their medical expenses. It also covers your dental, optical treatments, and maternity expenses.
Health Insurance Laws in Oklahoma
It is not mandatory to provide group healthcare insurance to your employees in Oklahoma. According to the law in Oklahoma, young adults under age 26 can stay on their parent's healthcare plan.
Paying for medical treatment is financially strenuous, but with health insurance, the stress is minimized. Nerissa Berry Insurance Agency in Oklahoma has an excellent team that will help you find the best health insurance plan that suits your needs. Visit our office or call for more information and a quote.