Find Very Competitive Rates for Individual Health and Medical Insurance

With the number of health insurance companies, it could be overwhelming to find a health insurance at competitive rates. There is a continuous rise in the cost of health and medical facilities, thus health insurance is a safer option to meet the needs, when arises. There are several players in the market today, who offer … Continue reading “Find Very Competitive Rates for Individual Health and Medical Insurance”

With the number of health insurance companies, it could be overwhelming to find a health insurance at competitive rates. There is a continuous rise in the cost of health and medical facilities, thus health insurance is a safer option to meet the needs, when arises.

There are several players in the market today, who offer competitive rates for individual health and medical insurance. With so much alluring plans around, it becomes extremely difficult to fix upon the one that will not only suit our needs but also help us save some money on the policy. Hence, if you are planning to buy a medical insurance plan, the best place to start is by making a comparative chart of benefits versus the premium rates offered by various players.

So, for instance, if you are in the United Kingdom, take note of all individual medical insurance plans offered by different firms in the area. You can get hold of the exact amount of premium you need to pay, as well as the coverage offered by each competitor in the market, easily. All you need to do is to give them your personal details, such as the age and home postcode, to get hold of a detailed quotation. With a few quotations from different insurance firms, you can start your initial verification and comparison processes.

There are certain factors that help you in your collation process.

  1. The premium rates offered
  2. The comprehensiveness of cover
  3. The terms and conditions of the policy

Although your primary aim is to find the best and affordable policy, checking out the other two factors given above, will help you get hold of the best product, at a comparable rate.

Alternatively, if you find such comparisons and collations a tedious process, try out the insurance advisors to help you decide on a perfect plan. The insurance brokers or advisors can aid in picking out the cheapest individual medical insurance policy, and also can look into the comprehensiveness of cover as well as the terms and conditions. The best part is that there are brokers in the market who do the preliminary observations without charging you anything for their work.

So, buy the best individual medical policy in the market, either by comparing the policies yourselves or through a broker, to get a comprehensive medical cover for life, at an affordable rate. For more information regarding health insurance plans you can visit health insurance companies websites.

Reason for Medical Device Regulatory Compliance Being a Business Decision

The US Food and Drug Administration noticed frequent complaints of a permanent birth control mechanism called Essure. A medical group from Weill Cornell Medicine in New York registered a 10 times higher occurrence of reoperation during the first year of implantation. In Europe, the PIP breast implant remains a permanent scandal. The question here is why are approved devices causing serious safety concerns in the market? Clearly, strict regulatory oversight does not avoid the rise of malfunctioning medical devices. On the device manufacturer side, following the regulations alone does not assure all safety, quality and effectiveness parameters have to be addressed.

Essure, produced by Bayer, was approved via the 510(k) process. This route excludes medical devices from clinical testing if they are proven to be considerably equal to a similarly marketed instrument. As a result, any clinical data achieved from abbreviated studies would be insufficient to give valid and representative conclusions about safety of devices and performance. Should Bayer have conducted a full randomized, blinded clinical investigation instead? The answer to this should be derived from sensible business based decision-making, and not a general one. Completely understanding the features of the product from both profit and risk perspectives is an important keystone of the value proposition for medical devices. The base customers of medical devices are the end-users and/or patients whose requirements should rightfully take higher priority above regulatory rules.

An effective business tool explicit to medical devices that could help to address this is the ISO14971 risk management standard. The requirements of this standard are common for all medical devices irrespective of risk classification and approval methodologies. It requires all device manufacturers to take every valid step to confirm that risk levels are minimized to as low as possible. Vice versa, approval pathways for lower risk devices do not offer relief to risk reduction measures. Therefore, if a complete clinical trial is required to provide a total risk/benefit profile for a device, then this should be done along with the regulatory process. This implies that a risk management process for a 510(k) approval should not be compulsorily less valid than for a PMA.