Medical Insurance is a plan, or policy, that covers a percentage of doctors’ visits and hospital bills. It helps offset the costs of both planned and unplanned medical needs. Medical care can be expensive, but Medical Insurance may help lessen the financial burden.
And Medical Insurance isn’t just for when you’re sick or injured. It can also help you stay healthy through preventive care and wellness programs. This may help you save money, too, by catching potential health concerns before they become larger issues.
Customized Medical Insurance Plans provide various benefits for insureds with local and worldwide medical networks.
No one plans to get sick or hurt, but most people need medical care at some point. Medical Insurance covers these costs and offers many other important benefits.
If a risk becomes a reality, a well-prepared business can minimize the impact on earnings, lost time and productivity, and negative impact on customers. For startups and established businesses, the ability to identify risks is a key part of strategic business planning. Property all risk insurance provides coverage to any given property against:
- Medical Insurance covers essential health benefits critical to maintaining your health and treating illness and accidents
- Medical Insurance protects you from unexpected, high medical costs.
- You pay less for covered in-network health care, even before you meet your deductible.
- You get free preventive care, like vaccines, screenings, and some check-ups, even before you meet your deductible.
Medical Insurance is a contract between you and an insurance company (the insurer). When you purchase a plan, you become a member of that plan. In return you’ll pay a fee, called a premium, to use the plan usually paid once per annum.
There are many different types of health plans, but they generally work the same way. You pay for some medical costs and your insurer pays for some costs. How those costs break out depend on your specific plan benefits and coverage.
Insurance companies negotiate discounts with health care providers, and as a plan member you’ll pay that discounted rate. People without insurance pay, on average, twice as much for care.
This means when you use a network provider you pay less for the same services than someone who doesn’t have coverage – even before you meet your deductible.
• Sometimes these savings are small. If you’re insured and use a network provider, you may pay $25 for a flu shot instead of the $40 someone without coverage pays.
• In other cases the savings can be big. If use a network provider, you may pay $85 for an office visit instead of the $150 someone without coverage pays. Savings can be even higher for more expensive services.
So even if you don’t reach your deductible during the year, you can save a lot of money on your covered medical services just by being enrolled in an insurance plan.
Insured Dependents
Coverage under this Policy can be extended to the following family members. Insured Dependents may include:
• The spouse or domestic partner
• Dependent children up to age 18 if single, or up to age 24 if single and a full -time student at an accredited college or at the time the Policy is issued and renewed.