Health Insurance

The term health insurance is commonly used to describe a form of insurance that pays for medical expenses. It is sometimes used more broadly to include insurance covering disability or long-term nursing.

Health insurance is a type of insurance policy in which the insurer provides for the cost of any or all of the health care services. There are many types of health insurance such as fee-for-service, managed care, and more. Health insurance is offered to individuals as well as groups. Group health insurance is designed to meet the health care needs of employees of large as well as small companies. It is sometimes used more broadly to include insurance covering long-term nursing or disability.

If you suffering from sickness or injury, insurance provides payment benefits of various types which also includes medical expense insurance, accident insurance, dismemberment insurance, accidental death insurance.

Short-term medical insurance or short-term health insurance plans also known as Temporary health insurance. Temporary health insurance policy valid only for a Limited period of time.

Types of health insurance are there:

Private Medical Insurance:

Provide funds for tests and operations you need. You should be able to choose when and where you would like to be treated.

Critical Illness:

A Critical Illness, such as heart attack or cancer, affects one-in-four women and one-in-five men before retirement age. Critical illness insurance is designed to ease the financial pressures by paying a tax-free lump sum if you become seriously ill or totally disabled

Income Protection:
Income Protection Plans or Permanent Health Insurance as it is sometimes called will pay out a percentage of your monthly income, tax free, until you can return to work. This will allow you to meet your mortgage payments or other liabilities you may have and provide you with an adequate level of income that you may not otherwise have.

Cash Plans: Provide cash for the medical expenses. These can include optical or nursing and dental benefits.