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Thursday, August 9, 2007

Medical Insurance


Health Insurance is a type of Insurance that covers insured persons medical cost in case of sickness or accident. The Insurance Company which provides this kind of service many be Private or public(gov) organization.A Health insurance policy is an annually renewable contract between an insurance company and an individual. With health insurance claims, the individual policy-holder pays a deductible plus copayment (for instance, a hospital stay might require the first $1000 of fees to be paid by the policy-holder plus $100 per night stayed in hospital). Usually there is a maximum out-of-pocket payment for any single year, and there can be a lifetime maximum.

Health insurance companies have network of organization or people who agree to accept the customary amount and wavive the remaning.There are various companies out there which are ready to provide health insurance. These companies provide the clients with Medical Insurance quotes.These Quotes help the Client to gauge rough idea of how much the insurance is going to cost him/her. Insurance rates depend on the type of medical insurance undertaken and the Company provideing it.



Health Insurance is really must for the people who are workaholics and tend to ignore ones health, it is helpful to unhealthy as well as health people.Various companies provide health Insurancehere is one of the link.

For more information on health insurance ,like its history and other knowledge please refer this wiki site.