Health insurance plans are essential for travel nurses to help cover costs that are incurred for treatment and health care. Private health insurance plans, along with their primary function of providing coverage also offer some unique benefits.
The availability of private insurance for travel nursing staff enables them to get treatment for their illness quickly. They enjoy the privilege of being able to bypass the queue line and obtain prompt care and treatment at hospitals and clinics of their preference.
It is therefore important to clearly understand the costs that are associated with private health insurance and choose a policy that is most appropriate for your pockets and lifestyle.
Typical expenses related to a health insurance plan are:
Premiums: Premium is the recurring payment made by the insured either monthly, quarterly, half-yearly, or yearly to cover up the cost of the insurance plan. While choosing insurance plans, look for plans that offer discounts on yearly payments.
Deductibles: As the name implies, the deductible is the amount for which the insured is responsible. The insurer will be called for payment only after the basic deductible amount is paid by the insured.
Co-payments: Co-payments are a specified sum that must be paid as an out-of-pocket expense by the insured, typically for prescriptions, blood examinations, scans, and other outpatient medical services.