Question

Evaluate the key factors that you would consider when developing the components of your health insurance coverage.

Answer 1

Some of the key factors that should be considered when developing the components of health insurance coverage, such as –

-          Type of the plan which covers the hospitals and pharmacies covered under the health-care provider network

-          Premiums to be paid for coverage every month and the risks associated in case of non-payment of the same

-          Amount to be paid before the coverage is released and how much of deductible should be met for prescriptions

-          Information on coinsurer which may be related to access care or any other covered services

-          Medicine coverage in the health insurance plan

-          Any possibilities of multiple coverage options