Disability insurance policies provide financial support in the event of the policyholder becoming unable to work because of disabling illness or injury. It provides monthly support to help pay such obligations as mortgage loans and credit cards.
Showing posts with label Health Insurance. Show all posts
Showing posts with label Health Insurance. Show all posts
Thursday 26 September 2013
Health Insurance
Health Insurance:
Health insurance is Insurance against the risk of incurring medical expenses among individuals. By estimating the overall risk of health care and health system expanses among a targeted group an insurer can develop a routine finance structure such as a monthly premium or payroll tax to ensure that money is available to pay for the health care benefits specified in the insurance agreement. The benefit is
administered by a central organization such as a government agency, private business or not for profit entity. According to the Health Insurance Association of America , health Insurance is defined as "coverage that provides for the payments of benefits as a result of sickness or injury. Includes Insurance for loses from accident, medical expanses, disability, accidental death and dismemberment".
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