It is very important for us to know the meaning of health insurance. There are different types of products which offer a range of health covers which depend on the choice and need of individuals. The expenses which are incurred on hospitalization are covered by the policies of health insurance. The expenses connected with injuries and illnesses are reimbursed by the health insurer, not only this but the health insurer also offers a direct payment to hospitals which is a cashless benefit. The health plan covers the amount of health care costs which are specified in the documents and policy wordings.
Besides the basic advantage of protection also comes with many benefits like it comes with an attractive benefit of tax which is considered as an added incentive. The tax benefit which is provided for health insurance is authorized by income tax act of the country. One can get a deduction on the income tax that they have to pay to the government if they pay their premiums for medical insurance. When one has a medical insurance plan they also have an access to routine care and regular checkups to ensure good health. All these tests are very essential after the age of 35 as at this stage man becomes prone to a number of diseases due to lifestyle and changes in the body. When a person has a policy they have something to depend on so they are not scared of going in for adequate treatments if there is a need to do this.