Definitions for "MEDICAL EXPENSE INSURANCE"
One of two major categories of health insurance (the other being disability income insurance), these policies cover the out-of-pocket medical costs that result from accident and sickness. The reimbursed expenses generally include hospital, doctor, surgery and dental charges. Types of coverage include basic and comprehensive. (For contrast, see: disability income insurance.)
A form of health insurance that provides benefits for expenses incurred for medical care. This form of health insurance provides benefits for expenses of physicians, hospital, nursing, and related health services, and supplies. These benefits may be related to actual expense, specified sums, or services rendered. Such insurance sometimes includes benefits for prevention and diagnosis as well as treatment.
Types of health insurance designed to pay for part or all of an insured's health care expenses, such as, hospital room and board, surgeon's fee, visits to the doctors' offices, prescribed drugs, treatments and nursing care.