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A patient has asked you to explain her insurance policy to her. Can you discuss the different types of insurance policies?

Sagot :

Answer:

As defined above, an insurance policy is a legal contract that binds both policyholder and the insurance company towards each other. It has all the details of the conditions or circumstances under which either the insured individual or policy nominee receives insurance benefits from the insurer.

Explanation:

To discuss the different types of insurance policies it is necessary to know what is in these policies.

What is in the Insurance Policy?

Policy is a document issued by an insurance company when you purchase a good, which can be a product or service, and take out insurance that explains exactly what the insured, that is, the person who took out the insurance, is taking out, what are the clauses, conditions and risks of that contract.

With this information, we can conclude that the best option will be individual insurance policies, but in the USA insurance does not always result in the payment of all your medical expenses. This is what Co-Pay and Co-Insurance mean in a health plan in the United States.

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