Since competition in terms of health insurance is on the rise, it is
no wonder that more and more forms of health insurance are being
designed. Among these, there are few that are popular and they are
briefly described below.
Individual Insurance: Ensuring a person individually is a common
mode of insurance. One may be selective about what s/he wants in a
plan through this process. Accordingly, one has required premium is
calculated, and the insurance plan takes effect.
Group Insurance: Another type of insurance is the group arrangement.
Through this type of insurance, one is compelled to abide by what
others are going for, and this is dependent on the insurance
providers. They are the ones that decide what is feasible to include
in a plan, and on that basis, a group insurance can take place.
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