Medical aid
Medical Aid
Medical aid (/ˈmɛdɪkəl eɪd/), also known as health insurance or health coverage, is a type of insurance coverage that pays for medical and surgical expenses incurred by the insured. Medical aid is often provided through a network of healthcare providers who agree to perform services for plan members at discounted rates.
Etymology
The term "medical aid" is derived from the words "medical", which comes from the Latin medicus meaning "physician", and "aid", which comes from the Old English ād meaning "help, support".
Related Terms
- Healthcare provider: A person or institution that provides medical services.
- Insurance: A contract in which an individual or entity receives financial protection or reimbursement against losses from an insurance company.
- Premium (insurance): The amount of money that an individual or business must pay for an insurance policy.
- Deductible: The amount you pay for covered health care services before your insurance plan starts to pay.
- Co-payment: A fixed amount you pay for a covered health care service, usually when you receive the service.
- Out-of-pocket maximum: The most you have to pay for covered services in a plan year.
See Also
- Health insurance in the United States
- Universal health care
- Healthcare in Canada
- National Health Service
External links
- Medical encyclopedia article on Medical aid
- Wikipedia's article - Medical aid
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