The Different Health Company

Running head: PERSONAL FINANCE
Personal Finance
Name of the Student:
Name of the University:
Author’s Note:

PERSONAL FINANCE1
Table of Contents
Part A...............................................................................................................................................2
Part B...............................................................................................................................................3
Part C...............................................................................................................................................4
References........................................................................................................................................5

PERSONAL FINANCE2
Part A
1) The two key steps that should be well selected for the purpose of selecting a Health Care
Insurance Options are primarily in the field of costs that are charged and the benefits that each of
insurance company tend s to provide with respect to another (Individuals & Families, 2020).
Insurance Premiums: The insurance premiums are the key factors which determines the
amount that an insurer asks or insured person for well covering his health expenses if the health
situation of the insured gets deteriorated. If the insurance premium prices are too varied or are
too high then this would be significantly influencing our decisions for the purpose of well
selecting an appropriate insurance (Private Health Insurance Site, 2020).
Percentage of Claim Accepted and Benefits: Different Health Company have their different set
of benefits and terms in the field of health related benefits that the company provides and these
are primarily in the field of coverage of existing health disease, benefits and hospitalization
benefits that are provided, cash less services, wider coverage or tie up of insurance companies
with the hospital chains are some of the other key steps that should be analysed while selecting a
Health-Care Insurance Option (Marketplace, 2020). Other key factors like the percentage of
claims accepted and well acknowledged are some of the key measure with which we can
evaluate the effectiveness of the insurance product offered.
2) The private health care operating insurance companies well undertakes a lot of considerations
before one party can fully acquire his/her benefits. Now after well considering the cost,
limitations that the coverage intended is offered and also whether, it would be well meeting the
needs that are being intended, which would further be well helping in deciding whether it would