Health Insurance Basics (Part 2)
Health insurance policies may be comprehensive or scheduled. A comprehensive policy means that your insurer would pay a pre-determined percent of your medical bills, and these are generally more expensive because they cover more medical events. Within a scheduled policy, you are provided with a more basic form of insurance which would take care of such things as visits to the doctor; this kind has generally lower premiums than comprehensive insurance policies. Comprehensive health insurance usually have a much higher potential payout rate than scheduled health insurance policies—the payout range is usually around $1,000,000 to $5,000,000. Scheduled insurance may pay for surgeries and hospitalization, but the benefits are commonly limited.