Medical insurance aims to provide money to pay all or some medical expenses and often a replacement income if you fall ill. Premiums vary enormously and much depends on when the policy pays out - one that does so immediately or after one month's illness is obviously dearer than one that pays out after six months. However, even considering the cost, medical insurance is one of the most useful insurance products of them all, particularly for expatriates who do not trust or cannot afford local standards of health care. Emergency expatriation is included in some international medical insurance policies.
Health insurance that provides payment for medical, surgical and/or hospital expenses. (See also: medical expense insurance.)
Medicare medical insurance that helps pay for doctors? services, outpatient hospital care, durable medical equipment, and some medical services that aren?t covered by Part A.
There are many policies to choose from in this field. You tend to get what you pay for. This is certainly not the time to cut costs if you want wide cover and adequate limits for the protection of your own physical well-being.
Under the universal public medical insurance system, the government shoulders 70-90% of medical treatment costs. The system is financed by taxes and premiums paid by participants. Its finances are coming under increasing strain as the population ages, causing the nation's total medical expenses to rise and the growth of premium income to stall. In practice, workers at major corporations and family members join health insurance societies set up separately by their employers. Those working at small and midsize firms and their families are covered by a government-managed health insurance program. The self-employed, retired salaried workers and others are covered by a national health insurance scheme operated by local municipalities.
Offers broad coverage of most medical expenses up to the maximum benefit, offered to both group and individual insurance plans. These plans usually have deductibles and co-payments.
A medical insurance policy can be taken out to provide cover for the cost of private medical treatment. An individual policy can be taken out as well as company-wide policies, which are taken out by employers.
The part of Medicare that covers doctors' services and outpatient hospital care. It also covers other medical services that Part A doesn't cover, like physical and occupational therapy. (See Medicare Part B.)
That part of Medicare which helps pay for medically necessary physicians' services, outpatient hospital services, home health care services, and a number of other medical services and supplies that are not covered by Medicare Part A.
Medical insurance covers the costs of medical treatment and provides medical care and facilities during recovery.