ECONOMICS
BUDGETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Skip going to the doctor
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Attend free or reduced rate clinics
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Have employer provided insurance
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Wait until the last minute to explore their options
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Detailed explanation-1: -Companies often provide group health insurance coverage to its employees and their family. The premium for this scheme is borne by the employer to create a loyal and motivated workforce. The employee may add his/her spouse, children and parents to this group health insurance plan.
Detailed explanation-2: -Employee health insurance provides hospitalization coverage including pre and posts hospitalization expenses. Some employee health insurance policies can provide reimbursements of fees of specialists and other medical practitioners for after treatment checkups.
Detailed explanation-3: -This will provide your parents with coverage against several critical illnesses such as stroke, cancer, diabetes, etc. It will ensure that they can get the treatment they need for such medical conditions without ever worrying about the cost.
Detailed explanation-4: -If you have your own healthcare plan, you and your child will have coverage immediately following birth. If you or your spouse have health insurance through an employer, you will be able to change your plan right away, since having a child is a qualifying life event that triggers a special enrollment period.