Basic insurance is a type of health insurance that, except deductibles and co-insurance, covers all medical care costs to a maximum extent. This means that if you have a disease, all costs associated with the diagnosis will be covered until the disease is treated. This includes all essential hospital expenses such as hospitalization, medical care, outpatient interventions, doctor visits, etc., but not medical bills.
Option to apply for basic health insurance: Usually, this health insurance is offered in two forms – as an individual plan and as part of a group plan. You can choose major medical insurance plans as individual insurance if you are self-employed, unemployed, or looking for work. Like all other group plans, this plan offers benefits such as dental insurance, medicine card, family and child insurance, etc.
There are several things to consider in choosing major medical insurance. They:
Deductible- This is the amount you have to pay before the insurance company pays the fee. This amount may vary. In the case of a high cut, the premium is usually low and vice versa.
Co-insurance- This is a percentage of the fee you have to pay the insurance company before they start covering costs. You also need to sign a contract with an insurance company.
Co-payment- This is a fixed amount that you have to pay before the insurance company can cover the medical expenses.
So when you choose basic insurance, you have to choose from the three factors mentioned above.