Wednesday, September 19, 2007

Type#5:Health insurance

It is a type of insurance whereby the insurer pays the medical costs of the insured if the insured becomes sick due to covered causes, or due to accidents. The insurer may be a private organization or non-for-profit organization (Blue Cross, et. al.). Govenrmental agencies may offer health plans, but generally are not insuring anything and are self/publicly funded. Market-based health care systems such as that in the United States rely heavily on private and not for profit health insurance.

And i think this is the most important type of insurance for us. Why? Because healthy is everything for us. If we health, there are so many thing that we can do. Working, traveling, etc.

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