Health and insurance professionals often get confused when it comes to insurance.

They think that a private policy is a policy that covers all your medical expenses, but they don’t understand that a government policy, like the one that covers your state or federal government, is a different kind of policy.

But don’t worry: Here are 10 common misconceptions about insurance.


You Can’t Get a Private Policy When you buy a policy, the insurance company will pay the premiums and the deductible upfront.

The insurance company is the one who will pay for the coverage and the insurance policy is just a way to pay for that coverage.


Insurance companies don’t pay the deductible because you can’t get a government health insurance policy.

That’s right.

When you’re sick and need a private health insurance plan, you don’t have to worry about the deductible.

However, if you have a preexisting condition, you’re required to pay the government’s medical expenses out of your own pocket, and then the government pays your insurance premiums.


If you need to cancel your policy, you can, but you must do so before your coverage kicks in.

The law requires insurers to notify you within 14 days if you need a cancellation.

However the law doesn’t require you to get a cancellation letter within 14 Days.

The deadline is 14 Days after the first of the month.


If your plan doesn’t cover the cost of hospitalization or prescription drugs, you’ll have to pay those costs yourself.


If a family member has a pree xisting condition and has to pay a deductible, that family member can’t go into the private insurance plan unless they’ve already been diagnosed with the condition.

The federal government does not cover these costs for family members.


If there are pre-existing conditions, the insurer must pay for them, but not the deductible, because the insurance plan doesn`t cover them.


If the policy doesn’t include a hospitalization provision, you will need to pay out of pocket for hospitalization and prescription drugs.


You can get a private insurance policy without a deductible.


If it doesn` t cover a condition, the company must pay the cost.


The coverage must be purchased in a health insurance marketplace.

The Affordable Care Act requires the insurance companies to cover health care costs that are medically necessary.