We are living in the uncertain world. There are many things that could happen at any time without any warning. The difficult situation usually comes in the most difficult circumstances. Therefore we have to prepare to anything that happen in our life and our family. Health insurance is such excellent scheme that will protect you of loosing your financial income and the cost of the medical care. Heath insurance is very important for everyone. . Therefore health insurance will make you have peace of minds as you don’t need to worry about the family income if you are getting sick and not able to work to earn money for your family. The heath insurance will cover you from such difficult situation. There fore it recommended for every one to have medical insurance as soon as possible. The sooner you have medical insurance the better as the accumulation of your insurance will be very good for your future financial conditions.

Basically, there are two different type of medical insurance. That is medical expenses policy and disability income policy. Disability income policy is usually also replacement of income or loss of income. For those who covered with this policy should not be worry if he or she not able to work and earn money as the insurance will covered the income of the particular family so that the can continue their ordinary life. The payment itself can be done weekly or mouthy depend on the policy agreement.

On the other hand, medical expenses policies would cover various range coverage for the minimal to comprehensive package with also multiple insurance coverage. These would include illness and accident, different type of medical expenses, cost of different type of medical care such as sickness policies, accident, hospitalization policies, major medical expenses policies and basic medical policies.

Medical expenses policies may cover different type of above mention and the insurance company will pay a lump sum. However before you join medical expenses you should examine the policies as some policies cover certain part of expenses while other are not included in the policies…to be continued in part II.