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RENEWABILITY
Another very important area when you Buy Health Insurance in Texas is your all-important right to renew the policy at the end of its term. After all, if you get sick and the terms of the policy allow the company not to renew your coverage, you can kiss good-bye any hope of purchasing other health insurance. Thus, check the policy carefully to see what your renewal rights are and whether the company has the right to raise your rates. (Renewal provisions also control your company’s right to raise your rates.) Following are the different types of renewal provisions usually found in health insurance contracts.
Another kind of cooperative is a producer’s cooperative. The most famous producer’s cooperative is Blue Cross/Blue Shield, where doctors and hospitals have formed nonprofit insurance companies that Buy Health Insurance in Texas for the public. The real power in these organizations lies with the sellers of the health care, euphemistically known in a trade as “providers.” The organizers control the management of the cooperative. Unlike mutual or reciprocal exchanges, policyholders obtain no ownership rights.
The Government as an Insurer
Most people don’t realize how deeply government is involved with insurance. The federal government has several Buy Health Insurance in Texas plans ranging from Social Security and Medicare to the Federal Deposit Insurance Corporation and the Veterans Administration. Some states operate workers compensation insurance companies, and all offer other programs such as unemployment insurance. Government insurance will be covered in detail in part 6.
Buy Health Insurance in Texas
The Personal Insurance Marketplace
Insurance can be broken down into two distinct types: personal insurance and commercial insurance. Personal insurance policies, as the name suggests, are those contracts that protect individuals and families from losses. Commercial insurance refers to those policies purchased by business in support of their various enterprises. Since this book is primarily concerned with insurance needs of individuals, commercial insurance will not be discuss, with the exception of workers compensation (see Chapter 37).
…Continued in Health Insurance in Texas for Families
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