What is the difference between medical insurance and health insurance?
Medical insurance and health insurance are both types of coverage that help protect a person in case of an unexpected health care expense, but there are some key differences between the two. Medical insurance is designed to cover the cost of medical services, such as doctor’s visits, hospitalizations, tests, and therapies. It may also cover preventive care, like check-ups and vaccinations. Depending on the plan, a person may have to pay out of pocket for certain types of medical services, or co-payments may be required in order to see certain types of doctors. Health insurance is a type of insurance that covers medical costs and other health care-related costs, such as prescription drugs and dental and vision coverage. Health insurance plans often have a deductible, which is the amount of money a person pays out of their own pocket before their insurance will start to pay for health care expenses. Once the deductible is met, the plan will cover the cost of medical services after a certain co-payment or co-insurance. In summary, medical insurance is designed to cover the cost of medical services, while health insurance covers medical costs as well as other health care related costs. They both require a person to pay a certain amount before the insurance will begin to cover costs.
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