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HVAC work is dangerous. So we should get life and Health insurance

1. Health insurance is something we all need at some point.

We hope that no one ever gets sick or injured, but unfortunately things happen. When they do, it’s good to have some kind of plan set up in place. A health insurance policy can help provide coverage if illness should strike. Even though not everyone will end up needing health care, it’s nice to know that you’ll have financial protection if the time comes.

Here’s what you should look out for in any insurance policy.

2. Coverage limits & deductibles

The first thing you want to make sure is that you’re fully covered if anything should go wrong. Coverage limits and deductibles vary based on the type of policy you choose. Here are the basics you should expect in each case:

• Deductible – This is how much you pay out of pocket before your insurer pays any claims. You may be able to lower your deductible by going for a higher-deductible option.

• Coverage limits – These determine the maximum amount your insurer will cover per year. Your coverage limits might start off at $500,000 for single coverage, but many plans offer double coverage, which means your benefits would double once you hit $1 million in annual household income.

• Premiums – The premium cost is determined by your individual situation, but generally speaking, the higher the premium, the more comprehensive your coverage.

3. Benefits

Deductible and coverage limits aren’t the only things insurers consider when determining premiums. Many policies provide additional benefits. In general, these include the following:

• Preventive services – These are tests or procedures designed to detect conditions early enough to prevent serious problems later on down the line. They can find cancerous tumors inside the body, catch infections before they get worse, and even spot birth defects in unborn babies.

• Hospitalization – If you were taken to the hospital, chances are your insurer will pay for your stay. But don’t expect them to foot the entire bill. Instead, they’ll charge you a co payment, which is money you pay directly to the hospital after your insurer covers the rest of your bills.

• Emergency room visits – If you were brought to the ER, your insurer will cover the charges, but you still have to pay out-of-pocket for the visit. And emergency room visits can be pricey. So if you’ve got a high deductible, you’ll need to factor this expense into your budget.

• Outpatient treatments – While outpatient treatments (like physical therapy) tend not to incur huge costs, they could still exceed your monthly limit if you’re paying full price. That’s where a discount card comes in handy. By using a medical savings account, you can save money on your out-of-pocket expenses.