What Is It?
Choosing the right health insurance that satisfies you takes a heap of your time but what about the terms that they use in your contract.
Here are some of the most common terms used in health insurances:
Exclusions are the things that the insurance policy will not cover.
Grace period is the amount of time one has to pay their health insurance premium.
Policy is the written contract of the insurance.
Pre-existing condition is something someone had before getting the insurance policy. Some will cover pre-existing conditions while others exclude them.
Premium is the amount of payment due to the insurance company in exchange for the insurance policy.
May 30 2009 04:58 pm | General Info and Tips