Learn health insurance types, policies, and key terms in plain English.
If you recall, we explained that there are two broad categories of
health insurance policies: disability and medical expense. Thus far we
have covered disability. Now we’ll take a look at basic medical
expense insurance.
Basic medical expense policies provide for medical expenses that
result from accidents and sickness. This is a loose term that refers to
various medical, hospital and surgical benefits.
The broad category of medical expense coverage provides a wide
• Understand disability income vs. medical expense insurance and what each covers.
• Learn major medical concepts like deductibles, coinsurance, stop-loss, and maximum benefits.
• Compare provider types (traditional insurers, HMO, PPO) and how access to care works.
• Get clear guidance on group coverage, eligibility, and coordination of benefits.
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