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Medical Insurance,Medical services,travel medical insurance,Medical
Information,Health Insurance
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Health insurance is insurance against the risk of incurring medical expenses among individuals. By estimating the overall risk of health care expenses 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. |
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A contract between an insurance provider (e.g. an insurance company or a government) and an individual or his/her sponsor (e.g. an employer or a community organization). The contract can be renewable (e.g. annually, monthly) or lifelong in the case of private insurance, or be mandatory for all citizens in the case of national plans. The type and amount of health care costs that will be covered by the health insurance provider are specified in writing, in a member contract or "Evidence of Coverage" booklet for private insurance, or in a national health policy for public insurance. |
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Before going abroad, learn what
medical services your health insurance will cover overseas. If your
health insurance policy provides coverage outside the United States,
REMEMBER to carry both your insurance policy identity card as proof of
such insurance and a claim form. Although many health insurance
companies will pay "customary and reasonable" hospital costs abroad,
very few will pay for your medical evacuation back to the United
States. Medical evacuation can easily cost $10,000 and up, depending
on your location and medical condition.
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