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[TYPE THE COMPANY NAME]Health Care Economics[Type the document subtitle]ABC[Pick the date][Type the abstract of the document here. The abstract is typically a short summary ofthe contents of the document. Type the abstract of the document here. The abstract istypically a short summary of the contents of the document.]
Health Care Economics1In an effort to build the best health plan which could cover health along & not comesas a deep cut to pocket. Every household in order to gain best of health spent a fortunein taking a medical cover, but a large percentage still looks at health insurance as a taxsaving instrument.For e.g. In a country like theUnited States, each type of health insurance be it social,medical or a normal household is borne by the Government.Studying in-depth about the country like India where there are an infant highmortality rates, Life expectancy is low, low education rate etc. we need to have anadequate health policy to cover all the plans. Some of the key policies highlightedIndividual Health Insurance Policy-: It covers all the health aspects of an individual &depending on the premium or amount paid, one holds anadvantage of this benefit(“Policy Initiatives”).Family Floater Health Insurance Policy-: covering all the member of the family bypaying one time or every month, so that they all avail secured health benefits.Surgery & Critical Illness Insurance Plans-: Accidents, sudden health diseases such ascancer or heart attacks, all can be covered by availing lump sum benefit or payingevery month.
Health Care Economics2Senior Citizen Health Insurance Plans-: Covering a secure health for the 60-65 yearsof an individual age.If we need to devise a suitable health policy then we will go for the Senior CitizenHealth Insurance policy. As chances of falling sick, retard or ill falls maximum withinthis age group. Hence a secured health policy which is bare minimum & covers everyaspect of health should be attained here.Health InsuranceIn a country like India, due to low Human development Index, High Infant MortalityRate, Lifespan of Avg. 55-60 years, high lifestyle diseases, foul air,denselypopulated area with epidemic disease always on rise one do require health insuranceto cover risk & benefit us in recovering from health. Cashless services, pre & posthospital disbursements, full health cover regular checkup etc. all should be securedwith an adequate health insurance. Developing a health policy for the benefit ofSenior citizen will benefit a part of themajor population in the age group of 60-65years.Some of the health insurances are majorly covered by the Private Insurances & thensub-divided covered by the employer-sponsored such as delivery charges etc.Sudden accidents or lifestyle diseases like cancer or heart attacks is still partiallycovered depending on the optimum age it was invested into. Butin caseof naturalcalamities like Earthquake, Fire or Tsunami etc. some health insurance do not cover