answersLogoWhite

0

What is the purpose of private insurance plans?

Updated: 8/19/2019
User Avatar

Wiki User

13y ago

Best Answer

These plans are intended to protect their beneficiaries from the high costs that may be incurred for health care.

User Avatar

Wiki User

13y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is the purpose of private insurance plans?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is a private insurance plan?

Private insurance plans include all forms of health insurance that are not funded by the government.


What percent of private insurance plans are employment based?

Of the nearly 239 million Americans who are covered by private health insurance, approximately nine in 10 (213 million, or 89%) are enrolled in employment based plans.


What types of health insurance are there?

There are many different types of health insurance available. Some examples of these types of health insurance include public payers, military plans, and private plans.


What are third party payers?

Private Insurance, Government Plans, Managed Care Plans, Workers Compensation are all third party payers.


Where can one get private health insurance in the UK?

Private health insurance can be obtained through several companies. One company that offers it to individuals in the UK is Bupa. They offer several types of health and dental insurance plans.


What is an indemnity plan?

private insurance plans that allow beneficiaries to choose any physician or hospital when they need medical care. Most indemnity plans have a deductible.After the deductible has been satisfied, indemnity plans pay a co-insurance percentage.


Does private insurance cover plastic surgery?

Plastic surgery may be covered by some kinds of insurance, but not all. General health insurance will typically not cover it, but some private plans may. Check your policy to see if it is or is not covered.


What are some of the Private Health Insurance policies available from Bupa?

"Bupa offers company health cash plans, business health insurance, dental insurance, business travel insurance, and business health assessments. They have a wide variety of plans within those categories."


Is car insurance more if the car is in a business name?

yes insurance premium for vehicles used for commercial purpose is considerably more compared to that of vehicles used for private purpose.


What is one family health insurance?

There are several private health insurance companies out there that offer individual and family plans. You could try Anthem health insurance or Blue Cross Blue Shield.


What is the relation between covered services and covered conditions in private and commercial insurance plans?

It doesn't matter if it is private or commercial health insurance, but the difference is this.... Covered services are what specific procedures the insurance will pay for, regardless of what the diagnosis is. Covered conditions are what afflictions the insurance pays for and what conditions are excluded from coverage.


Which insurance options are offered by AXA Healthcare?

AXA Healthcare offers a variety of health care insurances. They offer one private medical insurance, cash plans, dental insurance and even child health insurance.