Definition Of Health Insurance.
Health insurance is insurance against the risk of incurring medical expenses among individuals.By estimating overall risk of health care and health system costs,among a targeted group,an insurer specifying the money to pay for health care benefits are available to ensure that ,as a monthly premium or the payroll tax the structure of the money can regular covenant insurer.To benefit from government agency,private business ,or not for profit entity is manged by a central organization.According to the Health Insurance Association of America, The Health insurance is "Illness or injury as a result of the accident ,the insurance provides for the payment of benefits,medical expenses,disability ,or accidental death and dismemberment coverage includes".Different types of Health Insurance.
There are four categories of health insurance.
- Free for service plans/Traditional indemnity plans.
- Preferred Provider Organizations(PPO).
- Point Of Service plans(POS).
- Health Maintenance Organizations(HMOs).
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