1.0 / November 15, 2018
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Description

Insurance is a means of protection from financial loss. It is aformof risk management, primarily used to hedge against the riskof acontingent or uncertain loss. An entity which providesinsurance isknown as an insurer, insurance company, insurancecarrier orunderwriter. A person or entity who buys insurance isknown as aninsured or as a policyholder. The insurance transactioninvolves theinsured assuming a guaranteed and known relativelysmall loss in theform of payment to the insurer in exchange forthe insurer's promiseto compensate the insured in the event of acovered loss. The lossmay or may not be financial, but it must bereducible to financialterms, and usually involves something inwhich the insured has aninsurable interest established byownership, possession, orpreexisting relationship. The insuredreceives a contract, calledthe insurance policy, which details theconditions and circumstancesunder which the insurer willcompensate the insured. The amount ofmoney charged by the insurerto the insured for the coverage setforth in the insurance policyis called the premium. If the insuredexperiences a loss which ispotentially covered by the insurancepolicy, the insured submits aclaim to the insurer for processing bya claims adjuster. Theinsurer may hedge its own risk by taking outreinsurance, wherebyanother insurance company agrees to carry someof the risk,especially if the primary insurer deems the risk toolarge for itto carry.

App Information Medical Insurance

  • App Name
    Medical Insurance
  • Package Name
    com.inube.solutions.apps.medical.insurance
  • Updated
    November 15, 2018
  • File Size
    4.3M
  • Requires Android
    Android 4.0.3 and up
  • Version
    1.0
  • Developer
    Savaj info soft
  • Installs
    5,000+
  • Price
    Free
  • Category
    Health & Fitness
  • Developer
  • Google Play Link

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Health Plan 1.0 APK
A contract between an insurance provider (e.g. an insurancecompanyor a government) and an individual or his/her sponsor (e.g.anemployer or a community organization). The contract canberenewable (e.g. annually, monthly) or lifelong in the caseofprivate insurance, or be mandatory for all citizens in the caseofnational plans. The type and amount of health care costs thatwillbe covered by the health insurance provider are specifiedinwriting, in a member contract or "Evidence of Coverage" bookletforprivate insurance, or in a national health policy forpublicinsurance. (US specific) Provided by anemployer-sponsoredself-funded ERISA plan. The company generallyadvertises that theyhave one of the big insurance companies.However, in an ERISA case,that insurance company "doesn't engage inthe act of insurance",they just administer it. Therefore, ERISAplans are not subject tostate laws. ERISA plans are governed byfederal law under thejurisdiction of the US Department of Labor(USDOL). The specificbenefits or coverage details are found in theSummary PlanDescription (SPD). An appeal must go through theinsurance company,then to the Employer's Plan Fiduciary. If stillrequired, theFiduciary's decision can be brought to the USDOL toreview forERISA compliance, and then file a lawsuit in federalcourt. Theindividual insured person's obligations may takeseveralforms:[citation needed] Premium: The amount thepolicy-holder ortheir sponsor (e.g. an employer) pays to the healthplan topurchase health coverage. Deductible: The amount that theinsuredmust pay out-of-pocket before the health insurer pays itsshare.For example, policy-holders might have to pay a $500deductible peryear, before any of their health care is covered bythe healthinsurer. It may take several doctor's visits orprescriptionrefills before the insured person reaches thedeductible and theinsurance company starts to pay for care.Furthermore, mostpolicies do not apply co-pays for doctor's visitsor prescriptionsagainst your deductible. Co-payment: The amountthat the insuredperson must pay out of pocket before the healthinsurer pays for aparticular visit or service. For example, aninsured person mightpay a $45 co-payment for a doctor's visit, orto obtain aprescription. A co-payment must be paid each time aparticularservice is obtained. Coinsurance: Instead of, or inaddition to,paying a fixed amount up front (a co-payment), theco-insurance isa percentage of the total cost that insured personmay also pay.For example, the member might have to pay 20% of thecost of asurgery over and above a co-payment, while the insurancecompanypays the other 80%. If there is an upper limit oncoinsurance, thepolicy-holder could end up owing very little, or agreat deal,depending on the actual costs of the services theyobtain.Exclusions: Not all services are covered. Billed itemslikeuse-and-throw, taxes, etc are excluded from admissible claim.Theinsured are generally expected to pay the full cost ofnon-coveredservices out of their own pockets. Coverage limits: Somehealthinsurance policies only pay for health care up to a certaindollaramount. The insured person may be expected to pay any chargesinexcess of the health plan's maximum payment for a specificservice.In addition, some insurance company schemes have annual orlifetimecoverage maxima. In these cases, the health plan will stoppaymentwhen they reach the benefit maximum, and the policy-holdermust payall remaining costs. Out-of-pocket maxima: Similar tocoveragelimits, except that in this case, the insured person'spaymentobligation ends when they reach the out-of-pocket maximum,andhealth insurance pays all further covered costs.Out-of-pocketmaxima can be limited to a specific benefit category(such asprescription drugs) or can apply to all coverage providedduring aspecific benefit year.
Health Cover 1.0 APK
A contract between an insurance provider (e.g. an insurance companyor a government) and an individual or his/her sponsor (e.g. anemployer or a community organization). The contract can berenewable (e.g. annually, monthly) or lifelong in the case ofprivate insurance, or be mandatory for all citizens in the case ofnational plans. The type and amount of health care costs that willbe covered by the health insurance provider are specified inwriting, in a member contract or "Evidence of Coverage" booklet forprivate insurance, or in a national health policy for publicinsurance. (US specific) Provided by an employer-sponsoredself-funded ERISA plan. The company generally advertises that theyhave one of the big insurance companies. However, in an ERISA case,that insurance company "doesn't engage in the act of insurance",they just administer it. Therefore, ERISA plans are not subject tostate laws. ERISA plans are governed by federal law under thejurisdiction of the US Department of Labor (USDOL). The specificbenefits or coverage details are found in the Summary PlanDescription (SPD). An appeal must go through the insurance company,then to the Employer's Plan Fiduciary. If still required, theFiduciary's decision can be brought to the USDOL to review forERISA compliance, and then file a lawsuit in federal court. Theindividual insured person's obligations may take severalforms:[citation needed] Premium: The amount the policy-holder ortheir sponsor (e.g. an employer) pays to the health plan topurchase health coverage. Deductible: The amount that the insuredmust pay out-of-pocket before the health insurer pays its share.For example, policy-holders might have to pay a $500 deductible peryear, before any of their health care is covered by the healthinsurer. It may take several doctor's visits or prescriptionrefills before the insured person reaches the deductible and theinsurance company starts to pay for care. Furthermore, mostpolicies do not apply co-pays for doctor's visits or prescriptionsagainst your deductible. Co-payment: The amount that the insuredperson must pay out of pocket before the health insurer pays for aparticular visit or service. For example, an insured person mightpay a $45 co-payment for a doctor's visit, or to obtain aprescription. A co-payment must be paid each time a particularservice is obtained.
Health Insurance 1.0 APK
Health insurance is insurance that covers the whole or a part oftherisk of a person incurring medical expenses, spreading the riskovera large number of persons. By estimating the overall risk ofhealthcare and health system expenses over the risk pool, aninsurer candevelop a routine finance structure, such as a monthlypremium orpayroll tax, to provide the money to pay for the healthcarebenefits specified in the insurance agreement.[1] The benefitisadministered by a central organization such as a governmentagency,private business, or not-for-profit entity. According tothe HealthInsurance Association of America, health insurance isdefined as"coverage that provides for the payments of benefits asa result ofsickness or injury. It includes insurance for lossesfrom accident,medical expense, disability, or accidental death anddismemberment"(p. 225). A contract between an insurance provider(e.g. aninsurance company or a government) and an individual orhis/hersponsor (e.g. an employer or a community organization). Thecontractcan be renewable (e.g. annually, monthly) or lifelong inthe case ofprivate insurance, or be mandatory for all citizens inthe case ofnational plans. The type and amount of health carecosts that willbe covered by the health insurance provider arespecified inwriting, in a member contract or "Evidence ofCoverage" booklet forprivate insurance, or in a national healthpolicy for publicinsurance. (US specific) Provided by anemployer-sponsoredself-funded ERISA plan. The company generallyadvertises that theyhave one of the big insurance companies.However, in an ERISA case,that insurance company "doesn't engagein the act of insurance",they just administer it. Therefore, ERISAplans are not subject tostate laws. ERISA plans are governed byfederal law under thejurisdiction of the US Department of Labor(USDOL). The specificbenefits or coverage details are found in theSummary PlanDescription (SPD). An appeal must go through theinsurance company,then to the Employer's Plan Fiduciary. If stillrequired, theFiduciary's decision can be brought to the USDOL toreview for ERISAcompliance, and then file a lawsuit in federalcourt. The individualinsured person's obligations may take severalforms:
Medical Insurance 1.0 APK
Insurance is a means of protection from financial loss. It is aformof risk management, primarily used to hedge against the riskof acontingent or uncertain loss. An entity which providesinsurance isknown as an insurer, insurance company, insurancecarrier orunderwriter. A person or entity who buys insurance isknown as aninsured or as a policyholder. The insurance transactioninvolves theinsured assuming a guaranteed and known relativelysmall loss in theform of payment to the insurer in exchange forthe insurer's promiseto compensate the insured in the event of acovered loss. The lossmay or may not be financial, but it must bereducible to financialterms, and usually involves something inwhich the insured has aninsurable interest established byownership, possession, orpreexisting relationship. The insuredreceives a contract, calledthe insurance policy, which details theconditions and circumstancesunder which the insurer willcompensate the insured. The amount ofmoney charged by the insurerto the insured for the coverage setforth in the insurance policyis called the premium. If the insuredexperiences a loss which ispotentially covered by the insurancepolicy, the insured submits aclaim to the insurer for processing bya claims adjuster. Theinsurer may hedge its own risk by taking outreinsurance, wherebyanother insurance company agrees to carry someof the risk,especially if the primary insurer deems the risk toolarge for itto carry.
State Insurance 1.0 APK
Insurance is a means of protection from financial loss. It is aform of risk management, primarily used to hedge against the riskof a contingent or uncertain loss. An entity which providesinsurance is known as an insurer, insurance company, insurancecarrier or underwriter. A person or entity who buys insurance isknown as an insured or as a policyholder. The insurance transactioninvolves the insured assuming a guaranteed and known relativelysmall loss in the form of payment to the insurer in exchange forthe insurer's promise to compensate the insured in the event of acovered loss. The loss may or may not be financial, but it must bereducible to financial terms, and usually involves something inwhich the insured has an insurable interest established byownership, possession, or preexisting relationship. The insuredreceives a contract, called the insurance policy, which details theconditions and circumstances under which the insurer willcompensate the insured. The amount of money charged by the insurerto the insured for the coverage set forth in the insurance policyis called the premium. If the insured experiences a loss which ispotentially covered by the insurance policy, the insured submits aclaim to the insurer for processing by a claims adjuster. Theinsurer may hedge its own risk by taking out reinsurance, wherebyanother insurance company agrees to carry some of the risk,especially if the primary insurer deems the risk too large for itto carry.
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