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Medical insurance is coverage for individuals protecting themselves against medical costs. Usually medical insurances are heavily charged and in countries like United States, it is a major political issue. In United States there is no such socialized health coverage. Theoretically health insurance works in a same way as other insurance coverages function. Cost of medical insurance is highly getting priced. The fast increasing medical insurance rates are disrupting the market all over the world especially in United States. Surfing to our web site you are getting comprehensive information on medical insurance online.

Medical insurance is an insurance type where the insurer pays the medical costs of the person insured. Here the insurer may be a private organization, non-profit organization and governmental agencies that may offer medical plans but actually are not insuring anything and are usually self funded. The concept of medical insurance first developed in 1694 by Hugh the Elder Chamberlen from the Peter Chamberlen family. The early form of medical insurance was actually disability insurance; covering only the cost of emergency care for those injuries that could actually progress towards any form of disability.

Most of the times the medical insurance policies are annually or monthly renewable contract between an insurance company and an individual. Most of the dental insurance companies have a network of providers. In the present days there are some medical insurance companies offering rewards and health incentive accounts. Here they reward the users for healthy living and making healthy choices which include stop smoking, losing weight and different other things. Most of the private insurance companies face two inherent challenges which include adverse selection and post mortal hazard. Medical insurance also covers dental insurance which is coverage for individuals protecting them against dental costs.