Health care in Hawaii can be very expensive. A visit to the doctor's office can cost several hundred dollars, and the average three-day hospital stay can cost tens of thousands of dollars (or even more) depending on the type of treatment provided.
Most of us can't afford to pay that much when we're sick, mainly because we don't know when we're going to be sick or injured or how much care we'll need. Health insurance offers a way to reduce these costs to a more reasonable amount. You can find the best health insurance plans in Hawaii online.
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As a rule, the way it works is that the consumer (you) pays the premium to the health insurance company in advance, and this payment allows you to share the "risk" with many other people (the customer) who make the payment.
Because most people are healthy most of the time, the premium dollars paid to insurance companies can be used to cover the (relatively) costs of a small number of enrolled people who become sick or injured. As you can imagine, insurance companies have studied the risks in detail and are trying to collect enough premiums to cover the insured's medical expenses.
There are many, many different types of health insurance plans in the United States and many different rules and agreements regarding treatment.
Here are some important questions to ask yourself when choosing the best health insurance for you:
Question: Where can I get treatment?
One way health insurance companies control their costs is by influencing access to providers. Providers include doctors, hospitals, laboratories, pharmacies, and other facilities. Many insurance companies contract with a network of providers who have agreed to offer planning services at lower rates.