What is the difference between public and private insurance?

Public and private insurance are two types of insurance available in New Hampshire. Public insurance is insurance that is provided through a government-run program. It is funded through public taxes and is often offered at lower costs than private insurance. Examples of public insurance include Medicaid, Medicare, and the Children’s Health Insurance Program (CHIP). Private insurance, on the other hand, is insurance that is provided by private companies. It is typically more expensive than public insurance, but it may offer more extensive coverage for those who choose to purchase it. Premiums are usually paid monthly, and the kind of coverage offered depends on the policy chosen. Private insurance can cover a wide range of medical and health care expenses including doctor appointments, hospital stays, surgeries, prescription drugs, and other medical services. The main difference between public and private insurance is that public insurance is offered through the government and is typically less expensive, while private insurance is offered by companies and is more expensive. Additionally, public insurance often includes more restrictions than private insurance, such as requiring you to receive care from certain providers or to meet certain standards in order to qualify. Ultimately, the type of insurance you choose depends on your individual needs and finances, both of which should be taken into consideration when deciding between public and private insurance.

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What is the difference between public and private insurance?

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