Question

Among his choices at work, Bill decides to choose a health plan that will protect him from financial effects of illness. List four kinds of expenses that basic health insurance will cover.

Answer 1

Expenses covered under a Basic Health Insurance Plan:

1. payments of benefits due to sickness or injury including losses from accidents, accidental death, medical expenses etc.

2. Expenses owing to Prescription drug plans.

3. Lifetime health cover, i.e, taking care of minor and major healthcare expenses (qualified ones) throughout the life of the insured with or without a cap limit.

4. Critical illness rider wherein the insured pays an extra sum to cover himself from a deadly and harmful ailment like cancer, brain tumor etc.