Health Insurance Meaning And Features

If one goes by the word meaning insurance is a contract between two parties whereby the insurer agrees to indemnify the insured […]

Health insurance meaning and features. In spite of rising costs of medical treatments and increasing awareness about buying health insurance, people are still unaware of what makes a health insurance policy a winner. There are an overwhelming number of options, but the good news is this means there is a perfect plan to match your health needs and financial situation. National health insurance (nhi), sometimes called statutory health insurance (shi), is a system of health insurance that insures a national population against the costs of health care.it may be administered by the public sector, the private sector, or a combination of both.

• the money that is paid by the insured to the insurer is called the premium. I typically in the more mature european shi systems, working Presented by :sandeep mane rajesh mankar vishal kokane omkar warde ankit sanket dond 3.

Benefits even before you meet your deductible. Advantages of indemnity health insurance plans. • the company that agrees to pay the compensation is known as the insurer.

Insurance is a device to share the financial losses which might befall on an individual or his family on the happening of a specified event. Nearly 1.3 billion potential beneficiaries. Otherwise, choose a higher deductible for lower premium payments.

For families and individuals who do not have a mediclaim insurance, hospitalization means spending money out of the pocket to pay the hospital bills. Bivin jay b mar baselios college of nursing 2. Key elements of health insurance include advance payments of premiums or taxes and pooling of funds.

Start here to better understand the ins and outs, jargon, and more. A pos combines the features of the two most common types of health insurance plans, the health maintenance organization (hmo) and the preferred provider organization (ppo). Most hmos require their members to select a primary care physician, who is then responsible for managing the member's health care, making recommendations as far as courses of treatment, specialist visits, medications, and more.