Major medical insurance has a deductible that must be satisfied before coverage begins. There are different kinds of deductibles. There is the “per occurence” deductible and there is the “calendar year” deductible. Each type of deductible has different limits and benefits. Major medical insurance has comprehensive plans and supplemental plans – each offering different coverages and benefits. The health insurance premiums will be determined by the package of coverages chosen.
Personal health insurance is usually purchased outside the workplace. If an individual is between jobs or their employer does not offer health insurance they can purchase personal health insurance through a health insurance broker or agent. The coverage package you select will determine your health insurance premiums.
Call your health care professional today for comparison quotes.