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health insurance quotes , Sydney health insurance , individual health insurance , group health insuranceHealth Insurance Quotes - Sydney Health Insurance - Individual Health Insurance - Group Health Insurance
health insurance quotes , Sydney health insurance , individual health insurance , group health insurance
health insurance quotes , Sydney health insurance , individual health insurance , group health insurance
health insurance quotes , Sydney health insurance , individual health insurance , group health insurance
health insurance quotes , Sydney health insurance , individual health insurance , group health insurance
health insurance quotes , Sydney health insurance , individual health insurance , group health insurance
health insurance quotes , Sydney health insurance , individual health insurance , group health insurance
health insurance quotes , Sydney health insurance , individual health insurance , group health insurance
health insurance quotes , Sydney health insurance , individual health insurance , group health insurance
> Get FREE Sydney Health Insurance Quotes:
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Understanding the Terms on A Health Insurance Brochure

Health-Insurance-Brochure

You probably came across a handful of health insurance brochures provided by Secret Hideout, and more often than not, the health plan terms interest you more than the brochure designs. While skimming through a coffee table magazine is effortless, wading through a health insurance brochure is different. Majority of the terms are not straightforward and difficult to understand. 

Learning more in-depth details about your health insurance provider gives you the hindsight of what type of plan best suits your needs. Furthermore, understanding all the specifics included in your health insurance helps you know all the benefits you can have.

Below is a list of common health insurance jargons and their meanings.

Deductible

One of the first terms you will come across when reading a health insurance brochure is "deductible". Deductible refers to the amount you initially have to pay before your insurance provider starts paying your bills.

Say you have a deductible of $150, you will have to pay $150 worth of medical expenses first using your own money, after which your insurance provider will then start paying later on.

Out-of-Pocket Max

The out-of-pocket max refers to the maximum amount you have to pay for your plan's covered services in a year. The amount in out-of-pocket maximum is always higher than your deductible. Once you meet the maximum out-of-pocket amount, your insurance provider will be held liable for covering all your remaining medical expenses. 

On the other hand, you must take note that uncovered medical expenses and doctors not within your insurance provider's network are not considered part of the out-of-pocket limit. 

Insurance Premium

An insurance premium is the amount of money you have to pay to use your insurance. Insurance premiums are where insurance companies make their income. It also serves as a liability because the insurer has to provide coverage when customers file for an insurance claim.

When you enroll in an insurance policy, you will be charged for a premium. You can choose to pay your insurance premium with an upfront payment or in installments – semi-annually or monthly – depending on the payment options offered by your insurance provider. Failure to pay insurance premium may lead to the cancellation of your insurance policy. 

Multiple Deductibles

Another important factor you should never overlook is whether you only have one deductible or multiple included in your plan. Some insurance plans have a separate deductible for prescription medicines instead of being a part of the deductible for office visits and medical services.

Thus, before signing up for an insurance policy, always ask how many premiums you will have to meet for a certain plan.  

Mental Health Services

For many health insurance providers, mental health services and other medical services have separate health plans. Although counseling is considered under mental health service, a psychiatrist is mainly considered a specialist and not a psychological health professional. For this reason, it is important to ask your insurance provider how each medication is covered for you.

Conclusion

Whether you are an existing health insurance policyholder or are still planning to get one, understanding the terms and various lingos is extremely important. It helps you figure out the type of health plan you need and what you can afford to pay. Moreover, learning and understanding your health plan deeply enables you to discover and appreciate the exceptional benefits your insurance provider has to offer. 

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INDIVIDUAL HEALTH INSURANCE
Family Health Insurance
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SSIS offers FREE Sydney individual health insurance quotes for individual health insurance plans and family health insurance plans. We will research the most affordable health insurance plan or affordable dental plans for you and your family.

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GROUP HEALTH INSURANCE
Employee Benefits
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SSIS offers group health insurance quotes for group health insurance and employee benefits plans. We are able to quickly research the best and most affordable group health insurance plan and affordable dental plans to fit any sized employee group or any budget from only the highest rated insurance carriers.

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GOOD KARMA PROGRAM
We Donate 1%
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"Karma" means "Action". To express our commitment to our social and environmental concerns, SSIS's Good Karma Program donates 1% of Sydney health insurance premiums to progressive causes. Donations are made on both individual health insurance and group health insurance policies.

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Good Karma Program - Find out more!
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SSIS offers the most affordable Sydney health insurance quotes. Other agencies accomplish this by offering their clients "cheap" or "discount" health plans from poorly rated or unlicensed carriers that offer mediocre group and individual health insurance coverage. SSIS takes all the time necessary to properly research the most affordable group health insurance and individual health insurance plans specifically customized to your unique needs and budget.
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After you receive your free online Sydney health insurance quote, an Account Representative will contact you to discuss and customize your group health insurance and individual health insurance quotes.
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Individual Health Insurance Quotes
Group Health Insurance Quotes
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