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Your health is one of the most important things that you need to take care of. Over the years, however, the costs of medication, doctor consultations and hospitalization has significantly increased. If you don’t have a proper health insurance plan, you might end up having to spend a lot of money once you get sick or get into an accident. This is precisely the reason why it is important to obtain the right health insurance plan for you. What Types of Health Insurance Plans are Available? To give you an idea about the different kinds of insurance plans that you can take advantage of, take a look at the following list: • Traditional Indemnity Health Insurance Since health insurance plans first became popular a few decades ago, employees had to rely on traditional indemnity health insurance plans for their medical care needs. This plan requires you to pay a certain amount per month, with the Terms and Conditions being very similar to auto insurance. Once you have already paid your dues, the insurance company will step in and repay the remainder if you are in the process of filing a claim against the plan. • Preferred Provider Organizations Health Insurance For this type of a health insurance plan, the PPOs make arrangements with a health care provider to get lower fees for their members. There are a couple of options that you can choose for this: choose a doctor within the network and get free consultations. Or, you can visit a specialist who could be a doctor outside of the network, pay for the fees upfront, and submit the bill to the insurance company for reimbursement. What’s good about this type of a health insurance plan is that you get to choose which doctor to see, and still get back your money in case you need to pay the bills yourself initially. If you have a pre-existing condition, choosing a doctor who is within the network will give you the convenience of going in for checkups without having to pay too much. • Point of Service Health Insurance Also called PSOs, this type of health insurance plan is similar to PPO. The only difference is that you need to obtain a referral from your primary care doctor if you need to see a specialist. If you do not have a pre-existing condition, PSO is perfect for you because the plan focuses more on preventive care rather than providing coverage for cures through medication. • Health Maintenance Organizations Health Insurance Finally, you can go for HMOs which is the least flexible type of an insurance plan. This is the type of insurance policy obtained by employers for their employees. As part of the benefits package that you can have as a worker, it is best to check what the HMO coverage or your would-be employer which will help you decide whether you should sign the job contract or not. What If I Fail to Get Health Insurance? Now that you already have an idea about which health insurance (in Denmark that's called Sundhedsforsikring) plans to take advantage of, what are the consequences if you fail to get one? Perhaps the biggest disadvantage of not getting health insurance is that you will have to shoulder your health care costs yourself. This is highly inconvenient if you have a pre-existing medical condition which requires you to be in and out of the hospital. Even if you’re relatively healthy, the mere fact that you can get into accidents or suffer from temporary illnesses should be enough for you to want to have a health insurance plan for yourself. There’s absolutely nothing to lose and everything to gain when you have a health insurance, so make sure to get one for yourself to protect both your health and your finances. If you wish to know more about this type of insurance you can take a look here
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