Health insurance is critical to a well-rounded financial plan, providing a safety net for unexpected medical expenses. However, the world of health insurance can be complex, with various plans and coverage options. Understanding the different elements of health insurance to help you make informed decisions about your coverage is essential.  

Types of Health Insurance 
Below are various offerings that might be considered health-related insurance. However, it’s important to note that certain types of insurance that concern your health, such as dental, vision and disability coverages, aren’t usually included within a standard health insurance plan; you would need to enroll in these policies separately in most cases. 

Indeed, it may be necessary to add several additional coverages to your health insurance portfolio to serve your needs adequately. The following offerings may be a component of a traditional health plan, a supplemental policy, or a distinct form of insurance altogether.  

Talk to your agent to learn more about each type of coverage, as each may benefit you in unique ways. 

• Individual or group health insurance is likely what you think of when you picture health insurance. Policies may vary significantly, but they generally cover essential health benefits for individuals and families. Plans typically include hospitalization, outpatient care, prescription drugs and preventive services. 
• Dental insurance is an integral part of overall well-being. Dental insurance can help offset the costs of routine check-ups, cleanings and more extensive procedures like fillings or extractions. 
• Vision insurance can cover the cost of eye exams, glasses and contact lenses. Your agent can explain the importance of vision insurance and how it complements overall health care.
• Long-term care insurance can provide coverage for assistance with daily living activities in the event of a chronic illness, disability or cognitive impairment. 
• Temporary health insurance, also known as short-term health insurance, can offer coverage for a limited duration. This can help cover you between significant life events, such as job changes. 
• Supplemental insurance plans can help fill the gaps in primary health insurance. These plans, including critical illness and accident insurance, provide additional financial support for specific health events. 
• Disability insurance can safeguard your income in the event of a disabling injury or illness. 
• Medical expense insurance can cover out-of-pocket costs associated with medical treatments. 
• Child health insurance can help ensure children receive necessary medical care.
• Travel insurance and prescription coverage can benefit you if you plan a trip and need regular medications.
• Health savings accounts (HSAs) are paired with high deductible health plans, a form of individual or group health insurance. HSAs offer a tax-advantaged way to save for medical expenses. 

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.