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Definition of The Terms
December 26th, 2009 
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A plan with a maximum cover (Maximum Policy Coverage): the maximum amount which the insurance will pay to cover the medical expenditure. This one can be a total maximum amount or an amount for each disease or wound.
A plan with cover deductible from your medical expenses (Deductible): also known as “excess” (Excess) There is an amount to reach your wallet before your insurance takes the changing. This one being able to be rising annual, or lasting the term of your contract or an amount for each accident/incidental. For example: a plan with an amount deductible from $50 wants to say that you pay in first $50 and the remainder will be dealt with by the insurance. Read the rest of this entry »
Posted in Definitions 
Tags: insurance, Medical Emergency Evacuation, medical expenditure, medical expenses