What is Private Medical Insurance? 

Private medical insurance is an insurance plan that pays for all or part of a person's health care bills. The types of health insurance are group health plans, individual plans, workers' compensation, and government health plans such as Medicare and Medicaid. Private health insurance is coverage by a health plan provided through an employer or union or purchased by an individual from a private health insurance company.
 

Benefits of Health insurance 

Many benefits are provided by Health insurance plans:

1. 1 Hospital-surgical benefits cover inpatient hospital services and surgical procedures, including the cost of diagnostic tests, nursing care, and room and board
2. It also covers specific medical tests, ambulance service, and oxygen
3. Major medical benefits cover both inpatient and outpatient physician and hospital services not covered under the basic benefits portion of the health plan
4. Separate “riders” providing coverage for items such as prescription medications, eyeglasses, and other benefits.

Types of Private Medical Insurance 

There are two types of Private Medical insurance. 

Employment-based plans

Employment-based Medical insurance is coverage offered through one’s own employment or a relative’s. It may be offered by an employer or by a union.  

Direct-purchase plans

Direct-purchase Medical insurance is coverage though a plan purchased by an individual from a private company.