There are different terms used in health insurance sector that we should know in order to get proper understanding of policies and plans. Here is a small glossary of terms that will help you in finding the best and low cost health care plans.

1. Important Terms to Know About
Health Insurance
Health insurance is a type of insurance against the risk of incurring expenses
for the health care services among individuals. A health insurance policy is a
contract between an insurance company or government and an insured that
can be an individual, employer, family or a community organization. The
plans are of several types and can be renewable. Different health insurance
plans have different services; it’s up to the insured person which plan he/she
would like to take.
The policies differ in what they cover, the size of contract and deductible
and/or copays and the options for treatment for the policyholder. Also, the
coverage limit is predefined for such plans. There are different terms used in
health insurance sector that we should know in order to get proper
understanding of policies and plans. Here is a small glossary of terms that
will help you in finding the best and low cost health care plans.