Defining Health Insurance
Health insurance is a system where payment of premiums, contributions or taxes is used for advance financing payments of medical expenses. Some key elements of health insurance are, pooling of funds, payments or premiums or taxes and eligibility for benefits without employment income or asset tests.
Comprehensive or limited medical service coverage is included in every health insurance, which provides for partial or full payment of medical services availed. Actual benefits may vary and wide ranging including reimbursements for medical expenses, payment of lost wages or limited expense coverage only. In cases of married women, maternity leave coverage is a very important benefit.
