The IHC Group is an organization of insurance carriers, and marketing and administrative affiliates that has been providing life, health, disability, dental, and vision insurance solutions to groups and individuals for over 30 years
Individual and group dental plans are a low-cost option for those looking to supplement their major medical coverage or offer employees a value-added benefit. Plans provided by The IHC Group allow you to choose your own providers or to choose from an extensive PPO network with more than 130,000 providers nationwide.
Dental and vision for individuals can be purchased separately or as a bundled plan.
Health insurance deductibles and out-of-pocket costs can take a toll on your savings should an unexpected medical event occur to you or someone in your family. Metal Gap plans are bundled insurance benefits that can cover the cost of your deductible should an accident, critical illness or hospital confinement take place, reducing the burden and stress from your wallet
Various hospital expense insurance policies follow different schemes and hence the payable amount varies a lot. The customer should ideally see if the “stop-loss” or “coinsurance maximum,” which limits the insured person’s liability is at an acceptable limit. A decently followed scheme does not put much burden on the customer. Also look for those insurance providers who offer a maximum benefit ceiling.
Practically, there are a large number of hospital expense insurance policies which are rejected on technical grounds. The reality is that, for the insurance firms, their aim is to make profits and by denying one a hospital expense insurance policy claim, actually the company is gaining profits in larger numbers. Inadequacy or discrepancy in the information provided by the customer is one of the grounds in which they deny a policy. Hence, the customer should ensure that he/she provides the correct and updated information to the insurance companies.
Also, the customer must be thorough with the rules and regulations that define the hospital expense insurance policy. See to it that all relevant documents and papers are in place. Remember, a missed piece of document is a valid ground for refusal of a claim.
Before buying any hospital expense insurance policy, the customer ideally should be doing a bit of research on the insurance scene of his/her place of stay. One can go by references if you have any trusted friend or you know anybody who have had successfully claimed the hospital expense insurance. In this regard, browsing the insurance company’s home sites facilitates for an easy comparison of similar policies and their rates.
To conclude, how much the customer may need to shell out along side the claim amount so as to pay the hospital expense directly depends upon the hospital expense insurance policy he/she selected. And that requires a good application of discerning senses and yes, a bit of common sense as well.
Miss-selling is a risk, but most firms had taken reasonable measures to manage this. There were found to be good training programmes and risk based monitoring.
As is the case with prime mortgage payment products, customers have time to consider their options before they make the decision to purchase the cover.
The results of the survey offer some reassurance that the needs of the customer are being protected and any changes to be implemented can only offer change for the better.