Health Insurance Essay
There are many forms of insurances services and health insurance is one of them. Health insurance is defined as the payment for medical service; this includes long term nursing, custodial, child care and covering disability. (p. 02) The insurance service may be provided by different bodies that are the government, non profit making insurance services and also profit making companies.Health Insurance Essay Example
Health insurance pays for specific amount of money so as to cover medical charges and treatments which offer different options and very in the different forms of approach by the health insurance services. The health insurance program can be purchased for different groups for example a company may provide the service for its employees or it may be done by an individual in some cases this service may be provided through welfare programs funded by the government. (World Health Organization, 2006).Health Insurance Essay Example
In health insurance service every group every individual or employees they pay taxes or even premiums so as to protect themselves from unexpected medical or treatment expenses. (p. 46)
The health insurance companies come up with the amount paid by the individual or groups by estimating the overall risk of healthcare expenses on the annual tax or monthly premiums are developed to ensure that money will be available to cater for health care benefits that have been specified in the insurance agreement. (Ochino. 45)