Health insurance is nothing but the contract between an organization and an individual or a Company. The money as premium will be collected by the organization and the collected money will be pooled together. From this pool of money a certain amount will be distributed to the individual’s medical care. If a company pays the premium of its employees then it is called professional indemnity insurance singapore. This insurance policy is designed to make sure the health benefits of the public. Generally there are HMO or PPO plans are available for the people to cover for the health risks. Health maintenance organization or HMO’s differ from the PPO or Preferred provider organization in providing money for the visit to the physician who are in the network of the health care insurance providers.
Advantages
- The health insurance will cover the ambulatory services
- The money will be provided for the physician’s visit in some of the plans
- The emergency care will be taken care to some extent by the health care insurance
- The money will be very helpful in buying the prescribed drugs from the counter. A part of the money will be provided by the insurance agency and the rest has to be borne by the insurer.
- Depends on the premium amount and the plan the maternity and the new born care will be take care by the insurance agency
- The cost of any hospitalization will be taken care by the heath care agency
- Some of the agencies will have special plans in which the employer may sponsor a part of the premium. The premium amount depends on the different plans available depends on the coverage money. Some plans cover for dental problems; some of them will cover any kind of eye problems and its treatments.
- Most of the insurance plans will cover for the over the counter drugs as well as the laboratory test.
- The mental illness and preventive medical care are also under coverage
- Pediatric care is the very important advantage for most of the families.
