What Does The Term Rider Mean For Low Cost Health Insurance?

By Robert Fredricks Posted in Health Insurance News

The health insurance industry is always changing; what was denied yesterday may be covered today. Premiums, copays and deductibles are increasing while it appears on some plans that coverage is decreasing.

A low cost health insurance plan can be turned into full coverage with the use of riders. With these specific riders, the total cost of coverage may well be lower than the more expensive plans on the market. A rider is a specific insurance policy in addition to the main policy. It covers items not mentioned in the main document.

Hospital Cost Coverage

This is also known as hospital cash coverage. This rider pays a specified amount of money for each day of a hospital stay in addition to the main policy. The result is a lower overall bill for the patient.

In Home Patient Care Coverage

Just as hospital cash covers the hospital stay, home patient coverage pays a specific amount for in-home care when the patient comes home. This coverage can save hundreds if not thousands of dollars for the patient.

Other Available Riders

There are other riders available to the health insurance customer. A brief description is given for each one. Newborn care: this rider provides money for newborn care from the date of birth to the date the policy ends. Critical illness care: this rider pays an amount to the insured in case of a critical illness such as cancer. Check with your broker to see if additional riders are available.

By selecting low cost coverage that provides the basics and carefully choosing riders, the customer can tailor a policy to their specific needs. Over the long run, this will save consumers thousands of dollars each year in coverage.

Related posts:

  1. What Is A Low Cost Health Insurance Rider?
  2. What Are Low Cost Health Insurance Riders?
  3. What Is A Cheap Health Insurance Rider?
  4. Why Is Health Insurance So Important?
  5. How Can I Save On Health Insurance When I Retire?

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