Medical Insurance also known as health insurance is a protection to individuals and their families against unforeseen expenses. In the process there are two parties namely the insurer and the insured. The party that undertakes to pay a benefit if a pre-specified loss occurs is called the insurer. The organization or agency acting as the insurer may be private or government owned. On the other hand the policy holder whose interests are protected by an insurance policy is called the insured. The insurer reimburses the medical costs of the insured in case of unforeseen but specified medical expenditures arising from illness, injury or accidents. All this comes for a cost known as insurance premium which is to be paid to the insurer at certain intervals. Nowadays this can be done online also. The Medical Insurance provides a cushion against medical exigencies. Insurance cover is provided in case of hospitalization, other medical expenses etc. For detailed understanding of Medical Insurance it is mandatory to have a clear idea about the basic concept of insurance.
The insurance program that is set up for the medical welfare of older people is administered by Health Care Finance Administration. It is designed to meet the medical requirements of people who are 65 years and older, disabled and suffering from end-stage renal failure requiring dialysis or kidney transplant. If you are a senior citizen looking for policies not covered by Medicare insurance, you should consider Medicare supplemental health insurance. Depending on your specific need.Information about the government program Medicare that provides health insurance coveage for adults over the age of 65, for the disabled and for those who have kidney failure and require dialysis. Find information on benefits, premiums, coveage.

Categories of medical insurance: