Understanding Health Insurance

Understanding Health Insurance

Health insurance is a type of insurance that covers the cost of medical and surgical expenses incurred by the insured person.

Types of Health Insurance Plans

  • Indemnity Plans
  • Preferred Provider Organization (PPO) Plans
  • Health Maintenance Organization (HMO) Plans
  • Point of Service (POS) Plans

Key Features of Health Insurance Plans

  • Sum Insured
  • Deductible
  • Co-pay
  • Pre-existing disease coverage

Benefits of Health Insurance

  • Financial protection against medical expenses
  • Access to quality healthcare
  • Tax benefits
  • Peace of mind

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