What is an annual limit? And will the insurance be covered beyond the mentioned limit?
Annual Limit is a fixed amount allocated to each insured per year beyond that set limit, the member will be uncovered.
What do you mean by Claims Administrator or a Third Party Administrator (TPA)?
Claims Administrator or a TPA is a company which handles the claims of the insured.
What is the point of medical insurance?
As medical care advances and treatments increase, health care costs also increase. The purpose of health insurance is to help you pay for care. It protects you and your family financially in the event of an unexpected serious illness or injury that could be very expensive.
What is health insurance?
Health insurance is a contract with an insurance company, which agrees to pay some or all of your medical bills based on your “coverage,” or the terms of your policy.