Health insurance is a type of insurance coverage that pays for medical and surgical expenses caused by illness or bodily injury of the insured person. It can be purchased privately, provided by an employer, or, as in the case of Medicaid or Medicare, be provided by the government.
Payments for medical services can either be paid by the health insurance company directly to the health care provider, or it can be paid to the insured person to reimburse them for payments made, or a combination of both.
There generally is a deductible, which is the amount the insured person must pay for health care received until the insurance plan then starts to pay. And there is usually a co-pay, which is a % of the health care expenses incurred above the deductible, or else is paid for predefined services for which the deductible does not enter in.
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Payments for medical services can either be paid by the health insurance company directly to the health care provider, or it can be paid to the insured person to reimburse them for payments made, or a combination of both.
There generally is a deductible, which is the amount the insured person must pay for health care received until the insurance plan then starts to pay. And there is usually a co-pay, which is a % of the health care expenses incurred above the deductible, or else is paid for predefined services for which the deductible does not enter in.