HEALTH INSURANCE

Health Insurance

Health Insurance

Introduction

Today, leading household's expenses depend on the wages of labour. Looking at the vulnerability of social and economics situation of the world, give rise to the health insurance. The contribution of the fund to the health insurance from the wages has been a steady trend for more than a century. Health insurance is the term as the insurance adjacent to the risk of incurring medical expenses among individuals. It is an instrument of transmission threat to a third party or risk pooling over large groups or transfers the benefit from healthy to ill individuals. Moreover, individuals develop a plan such as a monthly premiums or payroll tax, in order to keep a certain amount on the safe side for health care benefit. Health insurance pays the bill for the part of a person health care. The main objective of this insurance is to assist individuals in covering their cost of health. These cots consist of visiting the doctor, hospital stay, surgeries, medical tests and other various treatments and services.

Health insurance consists of the insurance provider and insurance holder. The person who is paying the amount monthly or quarterly, to the insurance company, is term as the policy holder and the person to whom the amount made, term as the policy provider. Policy provider is the third party which ensures that the payment be made to the service provider on behalf of the individual. Health insurance provided by the private organizations as well as a government organization. There payments system differs in these organizations. Along with this non-profit organization administer the earnings of the insurance policies beneath their organization. There is group health insurance and an individual health insurance. These insurance policies have to been purchased from the health insurance companies.

Discussion

The ultimate gaol of any insurance is the sharing ...