Your signature endorses whatever is in the insurance plan.

You need to look closely at the the health insurance document you're signing, since it will have a lot of role to play when your health insurance policy is called to action. Its not all about getting a good health insurance quotes, make comparison, then choose an affordable health insurance plan-either for individual health insurance rate or group health insurance plan. You need to thoroughly and completely understand what your individual plan boils down to when the chips are down.

Boy its no joke when the actuary calculates your insurance premiums, risks, dividends, and annuity rates and tells you that your policy can only take care of say 25% of your medical expenses when you've envisaged more than 95% cover. Your cry of outrage does not change anything at that point, this thing happens everyday to ordinary decent people who assume that once you have health insurance plan, then the overwhelming headache of expensive medical bills has been laid to rest. Does health insurance policy write off all health related medical expenses, oh no I don't think so.

My good friend, one of the the things that people dread to hear is the interpretation of the Explanation of Benefits by an official of the health insurance company when its time to enjoy the presumed benefits of a health insurance plan. It is better to read it yourself when the certificate is sent to you.

Other aspect of the health insurance contract that you should look at is the amount of premium you are expected to pay monthly and how inflation, tax or other unknown factors will affect the premium as time go on, say 5-10years.

Also, try to understand how deductibles compare with the amount the health insurance company is obligated to pay, and your projections of health related bills for the year.

It is vitally important to be aware of the coverage limit, exclusions and out of pocket max for the health insurance plan you're contracting.

You should remember this fact that with all the health insurance form you are to fill, the following statement is included: " COMPLETION OF THIS FORM MEANS THAT YOU HAVE READ AND AGREE TO COMPLY WITH 'bla bla bla bla'"