These days, health insurance is an absolute necessity. Health insurance is a type of insurance that covers the medical, surgical, prescription drugs, and sometimes dental expenses of the insured person. Health insurance may apply to a limited medical services range and will give for full or partial payment of the costs of specific services. Here we’ll discuss about the healthcare insurance works and its advantage-disadvantages.
Health insurance helps protect you against high health care costs. This lets you pay for visits to the clinic, hospital stays, prescription drugs, and essential preventive services.
Health insurance is generally provided in workplace compensation packages in countries with no universal healthcare coverage, such as the United States.
Treatment rates in emergency departments differ significantly depending on what form of health insurance a person has.
In 1947 after from the independence of India, the health care system revolved around policies and plans programs of government. To Indians, the life insurance scheme dating back to 1818 was the first of its kind. Life insurance’s success in India was due to low life expectancy and close-knit family structures.
The report found that only 44% of the 1.3 billion people in India have a health insurance policy as of 2017. This means that 56% of the country’s 1.3 billion people do not have health insurance.