Health insurance is an insurance policy that covers the health care costs of the policyholder. Health insurance is a contract between an insurance company and a group or individual. In this contract, the insurer is required to pay the insured's medical expenses, provided that the insured pays a monthly premium to the insurer.
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This insurance can be taken in groups or individually. Examples of group purchases from employers taking out insurance for their employees; then each employee is insured and the monthly premium can be deducted from the salary. Typical health insurance covers the insured person. However, if the insured agrees to pay a higher premium, the insurance covers the insured's spouse and dependents that are still alive.
In the event that the insurance policy is taken out by the employer or association, the contract partner is the owner of the group policy. With this form of purchase, the insured receives a certificate.
In addition to the premium paid by the policyholder, the insured must make deductions. The deduction is the maximum amount that must be made before the insurance company pays on your behalf.
The insured may need several prescriptions and examinations before the insurance company finally pays the medical expenses. Insurance companies can also apply for co-insurance. Therefore, the insurer should fully understand the delivery of health insurance policies before buying this insurance.