10 Commonly Used Jargon In Health Insurance Policies Explained For You

 



Does the jargon in Health Insurance Online leave you all confused? If so, you’re not the only one. A lot of people feel flummoxed upon reading the fine print of health insurance policies for the very first time and this can often be attributed to the many jargon used. To help you gain a better understanding of what you are reading, we have listed down 10 common jargon in health insurance and explained their meaning to you.


1.     Beneficiary

The beneficiary is the named person who will be able to receive any claim benefits (if they are due) when the insured individual passes on.


2.     Claim

The claim is the payout that you receive from the insurer for any hospitalisation expenses or other medical expenses covered in your health insurance plan.


3.     Co-payment

The c-payment refers to the part/ percentage of the claim on your medical expenses that you need to pay on your own while the insurer takes care of the rest.



Original Content :- 10 Commonly Used Jargon In Health Insurance Policies Explained For You




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