HEALTH
Insurance
Health insurance is a type of coverage that pays for medical expenses incurred by the insured. It provides financial protection against high healthcare costs, helping to cover expenses such as doctor visits, hospital stays, surgeries, prescription drugs, and preventive care. Health insurance can also include coverage for mental health services, maternity care, and wellness programs.
Health insurance plans vary in terms of coverage, premiums, deductibles, co-payments, and network providers. Individuals can obtain health insurance through employers, government programs (such as Medicare or Medicaid), or by purchasing individual plans from private insurers. The goal of health insurance is to reduce the financial burden of medical care, ensuring that individuals have access to necessary health services without facing prohibitive costs.
Products
Health Insurance
Health insurance is a type of insurance coverage that pays for medical and surgical expenses incurred by the insured. It typically involves a contract between the insurer and the insured, where the insurer agrees to cover part or all of the costs related to medical care, such as doctor visits, hospital stays, prescription medications, and preventive services.
Group Benefits
Group health benefits refer to the health insurance coverage provided to employees or members of an organization as part of their employment or membership package. These benefits are typically offered by employers, unions, or professional associations and are designed to cover medical expenses for a group of individuals rather than for individuals on a standalone basis.
Medicare Advantage & Supplements
Medicare Advantage plans, also known as Medicare Part C, are a type of health insurance plan offered by private companies that are approved by Medicare. These plans provide an alternative way to receive Medicare benefits compared to Original Medicare (Part A and Part B).
Medicare Supplement plans, also known as Medigap plans, are private insurance policies designed to fill the "gaps" in coverage left by Original Medicare (Part A and Part B). These plans help cover out-of-pocket costs that Medicare does not fully pay, such as deductibles, copayments, and coinsurance.
