Explanation of Health Insurance

Health insurance is a kind of insurance coverage which covers the costs of my medical and surgical expenses the individual who is insured may incur. Depending on the kind of health insurance coverage, the insurer either makes direct payments to the provider, or pay costs out-of-pocket and is later reimbursed. There are private insurance companies as well as government insurance programs.

Medicaid for example is state run government insurance program which helps those with lower incomes to pay for the medical care. Medicaid will pay the healthcare provider directly and a small amount may have to be paid by the insured for certain medical care. Medicaid however is only available to certain low income families and individuals who are found to be eligible. Rules about who is and who is not eligible as well as what services are covered vary from one state to the next.

Medicare is another example of health insurance which the government provides. Medicare however is only for those age sixty five or older. Others who may also be eligible for Medicare are individuals suffering from certain health issues or disabilities, such as chronic (long-term) kidney failure that require treatment with dialysis or a transplant. For those who qualify, Medicare cover some, but not all medical costs but at least it provides some protection.

At some point or another in their life, and oftentimes on many occasion, everyone will require some kind of medical treatment and attention. When medical care is necessary, ideally it is best for a patient to place their focus on recovering and becoming well, as opposed to trying to figure out whether or not they have the needed resources to cover all of their medical bills. This is why it is very important for people to be covered by some kind of health insurance. Even if you are healthy and feel you do not need it, it is better to be safe than sorry.

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