Difference between revisions of "Health insurance"
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There are two types of payments for insurance services under the American model. The periodic payment, paid in order to maintain health insurance coverage, is called the premium. When a worker's insurance pays a medical expense, a certain fixed amount of the expense is paid by the worker. This payment is called the deductible. | There are two types of payments for insurance services under the American model. The periodic payment, paid in order to maintain health insurance coverage, is called the premium. When a worker's insurance pays a medical expense, a certain fixed amount of the expense is paid by the worker. This payment is called the deductible. | ||
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| + | ==See also== | ||
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| + | *[[HMO]], i.e., "[[health maintenance organization]] | ||
Revision as of 19:04, July 11, 2007
Health insurance is insurance against expenses incurred from health care. In the United States, health insurance is a service provided by private companies, but in many countries (including Canada), health insurance is partially or completely funded by the government.
In the United States
In the United States, health insurance is a service provided by private companies. Generally, businesses in the United States negotiate health insurance services for their employees, who then pay for their health insurance with an automatic deduction from their paychecks, although some people buy health insurance services on their own.
There are two types of payments for insurance services under the American model. The periodic payment, paid in order to maintain health insurance coverage, is called the premium. When a worker's insurance pays a medical expense, a certain fixed amount of the expense is paid by the worker. This payment is called the deductible.
See also
- HMO, i.e., "health maintenance organization