What is Health Insurance?

Medical Insurance pays the large expense that can be incurred when you or a family member, see doctors, go to the hospital, or seek other costly medical services. Medical insurance allows you to obtain high quality medical care without severe financial hardship to your family. If you have assets, or intend to have assets, those assets can be largely taken away if you run up large medical/hospital costs. Medical insurance insures your assets and your access to good medical care. Listed below is a brief description of the major types of medical insurance. For a more detail on the various coverage features go to the important provisions section.

General categories of Health Insurance are:

Indemnity Plans
Preferred Provider Organization (PPO) Plans
Health Maintenance Organization (HMO) Plans
Medicare