Friday, February 27, 2015

Concept of Health Insurance

Definition of Health Insurance

Medical expenses can be catastrophic. The perils insured against in health insurance are the method costs associated with illness and injury and the loss of income. Specific medical costs include the costs of hospital room, surgical procedures, miscellaneous expense (e.g. lab tests, X - rays), non surgical care, and long term care. These expenses can be paid through hospital surgical expenses policies, major medical insurance and long term care insurance.

A large share of private health insurance is provided by life insurance companies. Health insurance consists of three basic types of coverage medical expenses, loss of income, and dental. Medical Insurance  includes medical, hospital and surgical expenses. Loss of income insurance includes accidental death, disability and dismemberment coverage. Dental coverage includes regular check-ups and oral surgery !!!!!

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