What is medical insurance?
Health insurance or medical insurance is an agreement between the policyholder and the insurance company. The insured will pay the premium amount and in return for the agreement of the insurance company to pay the medical cost of the insured if he is hospitalized due to an accident or illness.
This policy helps pay for medical expenses; it is also used to cover disability or long-term care; it helps protect the insured against expensive medical expenses.
The policy lists the types of medical services such as physical examination, medications, surgeries, and treatment. It also lists the types of services that are not covered by the insurance company; the insured will have to pay for any treatment found.
In practice, the applicant usually receives a medical card. At any time, if he confesses in the hospital, he just needs to present a card, the hospital will provide him with treatment and put up an insurance company later. The card is renewed annually or every two to three years. The premium must be paid annually or half a year. If no premium is received, the medical activity will be canceled.
Individual and family health insurance
Family health insurance is you, your spouse and your children included in the policy, and this is called an individual health plan. Anyone who is self-employed can also purchase this policy.
Group health insurance
This is usually a purchase for employees by an employer, company or organization. A premium of this type can be fully paid by the employer or partially paid by the employee and partially paid by the employee.
Many people will prefer a group than an individual policy because it is cheaper and offers more benefits, but for those who work independently or work in a small company, it may not be possible to get the same type.
