most private health insurance plans require the patient to a pay a certain amount each year toward health care expenses before the plan benefits begin; this amount is the

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08-12-2022
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most private health insurance plans require the patient to a pay a certain amount each year toward health care expenses before the plan benefits begin; this amount is the

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rafikiedu08 rafikiedu08 · Answer 1 · 2022-12-17T14:57:00+01:00

Most private health insurance plans require the patient to a pay a certain amount each year toward health care expenses before the plan benefits begin; this amount is the deductible.

A type of insurance that covers all or a portion of the risk of a person needing medical care is known as health insurance or medical insurance (sometimes referred to as medical aid in South Africa). The risk is distributed among several people, just like with other kinds of insurance. An insurer can create a regular financial structure, such as a monthly premium or payroll tax, to provide the funds to pay for the medical benefits provided in the insurance agreement by assessing the overall risk of health risk and health system expenses over the risk pool. A central institution, such as a government agency, for-profit corporation, or private company, is in charge of administering the benefit.

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