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Medical Insurance Essay

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Medical insurance is a vital part of people’s lives. Without medical insurance it would be hard for most people to afford to go to a doctor for treatment. Not only the cost of paying out of pocket fees for medical insurance but also for deductibles. You can also commit fraud very easily if you are not aware of how to properly fill out an application for medical insurance. There are also many different types of medical insurances that you can apply for, and compare prices if you are having to pay out of pocket expenses. Medical insurance is a type of insurance coverage that pays for medical and surgical expenses incurred by the insured. Health insurance can reimburse the insured for expenses incurred from illness or injury, or pay for the care …show more content…

Soft fraud includes lying on an application or engaging in other forms of deceit to cheat insurance companies. Hard fraud involves most extreme cases when people fake covered events or claims to collect payments. Faking an injury to get an accident insurance settlement is one example. Burning down a house to collect homeowners insurance money is another example. Insurance fraud expenses contribute to higher premiums for law abiding people. There are many different types of medical insurance companies to choose from. Different types include; Humana, Medicare, Medicaid, Blue Cross Blue Shield, Obamacare, Affordable Care Act, Cigna, United HealthCare, Aetna, AARP Medicare Supplement, Medigap, plus many more. With the right amount of research anyone would be able to find the perfect insurance match that fits their needs. In conclusion, medical insurance is a vital part in everyone’s lives. Especially people who are constantly in need or seeing a doctor, or with a medical condition who requires many hospital visits. Without medical insurance it is highly possible that you could go into debt quickly with hospital visits. There are many resources to help you get medical insurance. You just need the right paperwork and find which insurance fits your needs and what is affordable to

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