What is the difference between public and private insurance?

Public insurance and private insurance are two different types of insurance available in North Carolina. Public insurance is provided and funded by the government and is available to all citizens of the state. This type of insurance covers things like medical costs, disability benefits and unemployment benefits. Private insurance, on the other hand, is provided and funded through private companies and organizations. Private insurance policies are typically more expensive than public insurance plans, but the cost is often offset by the flexibility and choice of coverage offered. Public insurance often has restrictions on the type of coverage offered and is only available to those who can meet certain criteria. Also, public insurance does not usually offer as much flexibility in what type of coverage is available. Private insurance, on the other hand, typically offers more options in terms of coverage, including things like dental, vision, and prescription drug plans. Private policies may also have less restrictive eligibility criteria. Overall, the difference between public and private insurance is the type of coverage offered and the amount of flexibility and choice available. Public insurance is often less expensive and provides basic coverage, while private insurance is often more expensive but offers more options in terms of coverage. It is important to consider all factors when deciding which type of insurance is best for you and your family.

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What is the difference between public and private insurance?

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