How to choose the best Health Insurance

There are many people who, faced with the long queues and waiting lists that they have to suffer in the public health system, decide to get a Private health insurance to save them time when making an appointment..

However, on the market we find a wide range of health insurance, so it is not always easy to choose the best one and the one that best suits our needs.

For this reason, in this article we will tell you what a health insurance is and what coverage it has, the types of health insurance you can choose from and some tips to make the right choice.

However, it is best to contact qualified experts with experience in the field, such as Euroteide Insurance, so that they can guide you and you can have the maximum certainty when choosing the best health insurance, for you and your family.

What is health insurance and what are its coverages?

A Health Insurance or healthcare insurance, is a contract between the insured and an insurance company under which the insurer covers the medical expenses that may arise from the insured in exchange for the payment of a premium. However, the medical expenses covered by the insurer will depend on the coverage of the determined insurance policy.

Without a doubt, having health insurance is the best way to receive quicker care, to go to the doctor more immediately and without having to go through a waiting list, and to have more privacy in the hospital room if you are admitted.

In any case, what are the Health insurance coverages? Although the Health Insurance coverage will depend on the policy that has been contracted, the truth is that, normally, the coverage offered is the following:

• Pregnancy and childbirth.
• Pediatrics for those insured who are 14 years old or younger.
• Hospital and home emergencies.
• Medical assistance in case of a traffic accident.
• Immediate hospitalization and no waiting lists.
• Rehabilitation therapy, psychology or speech therapy sessions, among other specialties, usually a limited number of them.
• Dental coverage if contracted. When this coverage has been contracted, preventive treatments such as consultations with the dentist or oral cleanings are included, as well as root canals or x-rays, among other services.
• International assistance. Many health insurances include this coverage that makes it possible to receive health care in other countries.

In addition to these coverages, there are others that are highly demanded by policyholders and, in response to the demand for them, more and more insurers are including such coverages as basic.

This is the case for alternative medicine, family planning, or reimbursement of a small amount on medications.

Types of health insurance

Although the market is wide and there are different health insurances, the truth is that they can be grouped in six types of health insurances. They are as follows:

• Medical insurance with no co-payments: with this insurance, the insured will be able to access all the health services offered by the insurer in his medical chart in exchange for the payment of a fixed premium, the payment of which is normally monthly.
• Insurance with co-payments: In this case, the insured pays a lower premium than in the previous one, but the insurer will not bear all the medical expenses, so that the insured will have to bear part of the cost of the medical service that he uses. However, the insured will be able to access the entire medical chart of the insurer and will only pay for those services that he uses.
• Rated insurance: very similar to the Insurance with co-payment, in this Insurance the insured will pay a premium and will assume part of the cost of the medical services that he uses. However, the premium to be paid is much cheaper than in the previous cases and the cost of the services used is higher.
• Refund insurance: In this case, the insured will not be able to access a specific medical chart. Thus, the insured must pay for each medical service that he uses and, later, the insurer will reimburse him the amount that would have been agreed in the insurance policy.
• Insurance without hospitalization: These Insurances are much cheaper, but, in exchange, they do not cover the insured's hospitalization if they need it, although they will be able to access the insurer's medical chart.
• Dental insurance: Although it is normal for dental insurance to be contracted together with medical insurance - since the price of the premium does not increase too much - you can also contract dental insurance itself.

How to choose the right health insurance: some tips on how to find the best health insurance

As the offer of medical insurance on the market is huge, sometimes it can be very difficult to know which is the best health insurance for you. However, here are some tricks that will help you get your choice right:

• Consider your needs: Not all of us have the same needs and, undoubtedly, Health Insurance must adapt to those of the insured. Thus, it is important to take into account the age of the insured, the state of health or their lifestyle, so that you can get the most complete Insurance according to your specific needs.
• Insurance company: it is necessary to take into account with which insurer we will contract the Insurance, its reputation, its history and the professionals who provide their services to the insurance company in question. It is essential that you are comfortable and confident with your insurance company.
• Insurance coverage and modality: once you have considered your needs and those of your family, you should choose the policy that has the necessary coverage to meet these needs, as not all insurance policies include the same services. In addition, you must take into account your budget to be able to choose between one and another type of medical insurance.
• Exclusions: it is important that you take into account the services that are not included in your Insurance policy. The most common are treatments for HIV, sports injuries from high-risk or dangerous sports, and the consequences of wars, attacks or epidemics.
• Complementary Services: it is necessary to take them into account, since there are many policies that include complementary services that have not been requested but that significantly increase the price of the Insurance premium.

Compare the offers you find on the market.

With these tricks you will be right in choosing the best health insurance for you and your family.

However, if in addition you can count on the services of experts with 24 years of experience in advising and assisting in the contracting, support and servicing of health insurance, such as Euroteide Insurance who are in a position to recommend the best health insurance on the market and those that best suit you and your family.

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