Definitions for "Medical Insurance"
Medical insurance aims to provide money to pay all or some medical expenses and often a replacement income if you fall ill. Premiums vary enormously and much depends on when the policy pays out - one that does so immediately or after one month's illness is obviously dearer than one that pays out after six months. However, even considering the cost, medical insurance is one of the most useful insurance products of them all, particularly for expatriates who do not trust or cannot afford local standards of health care. Emergency expatriation is included in some international medical insurance policies.
Health insurance that provides payment for medical, surgical and/or hospital expenses. (See also: medical expense insurance.)
Medicare medical insurance that helps pay for doctors? services, outpatient hospital care, durable medical equipment, and some medical services that aren?t covered by Part A.
In return for a premium, you will receive prompt private medical attention.