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Different terms of Health Insurance Plan

Hospital bills for very small to considerably large ailments are a pain. It is difficult to meet such costs on your own without spend in your savings. Some of people are compromise with the cost of medical for quality healthcare. For this reason, Health insurance comes to reduce your medical cost with better quality healthcare. It is also helps for tax benefits and generally an annual insurance policy, renewable every year. The policy covers hospitalization due to sickness and accidental injury and you can be two ways, cashless and reimbursement. There are lots of health insurance firms like Positive Health Insurance provides many beneficial things through the above ways. From both ways you only pay which is not cover under the policy, those are very minimal cost. And the rest of payments are paid by health insurance firm. So, don’t worry, try it!!

Different Terms in Health Insurance 


A benefit is a service or supply that is covered under a health insurance plan. This might include office visits, lab tests, and procedures during the course of treatment. Health insurance provides benefit for you in emergency case. 


Coinsurance is the percentage of covered medical expenses that you are required to pay after the deductible. For example your health insurance plan has a 20% coinsurance requirement (excluding additional co-pays). Once you have met your deductible for a £100 medical bill, you would pay £20 and the insurance company would pay £80. You might see this referred to as 80/20 coinsurance. Some plans offer 0% coinsurance, meaning you’d have no coinsurance to pay.

Copayment (co-pay)

It is a set amount that you’ll pay for certain medical services or provisions at the time of service. Doctor visit co-pays commonly run from £35 to £50. Prescription co-pays often are £15 to £60 depending on the type of drug purchased.


A deductible is an amount your insurance plan will require you to pay out-of-pocket for covered expenses before the plan pays benefits. With plans, a deductible will usually cover one year. Short term plans have a per-term (number of coverage months you select) or per-cause (separate for each illness or injury) deductible. A higher deductible usually results in lower premiums.

Indemnity Plan

An indemnity plan is a health insurance plan that reimburses the covered person for incurred medical expenses. It often includes a deductible that must be satisfied before claims can be paid. Covered persons can usually see any qualified provider without a change in benefits. Indemnity plans are sometimes called fee-for-service plans.


Health insurance marketplaces, or "exchanges," are a way for people to shop for and buy health insurance, which may be referred to as a health plan. Each marketplace is divided between individual (for families and individuals) and SHOP (health plans for small employers) marketplaces.


A network is a group of physicians, hospitals, and other health care providers that have agreed to provide medical services at pre-negotiated rates.

Open Enrollment Period

The open enrollment period refers to the period of time when people can freely apply for a health care plan or change their benefit selections.


Premium is the amount paid for health insurance coverage for a specific period of time.

Special Enrollment Period

A special enrollment period refers to the period of time (usually 60 days) when people become eligible to apply for a health care plan or change their benefit selections due to experiencing a qualifying event, such as job loss, having a baby, or being disqualified from Medicaid.


Underwriting is the process the health insurance company uses to review an application to determine the insurability of the applicant. 

Waiting Period

Waiting period is a time period after you start a health insurance plan when coverage may not be available for some medical conditions.
Before buying Health insurance, first you need to understand your need, plan for long term or short term. You can buy insurance for your younger age to old age. Insurance coverage is changing every year according to claims experience and budget of insured person. So chose wisely your plan before sign in insurance format.


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Contact Info

Positive Health Insurance enjoys close working relationships with some of the largest private health insurance providers and employee benefit intermediaries.


5a Watkin Road, Wembley, HA9 0NL


0203-869-4900 (UK)
Open 9am–6pm Mon–Fri



Positive Health Insurance are an appointed representatives of Pier Insurance Brokers Limited, FCA registration Number 312191, which is authorised and regulated by the Financial Conduct Authority
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