Health insurance is a type of insurance coverage that pays for medical and surgical expenses incurred by the insured. For small groups, most insurance companies’ use pooled rates under which a uniform rate is applied to all such groups, although it is becoming more common to apply separate pooled rates for groups with significantly better or worse experience than that of the total class.
States have the option to obtain a waiver regarding federal essential health benefits, but the state must publicly attest its purpose for doing so (to reduce the cost of health care coverage, increase the number of people with health care coverage, etc.) and it must specify the benefits it will require instead of the federal standard.
According to India’s tax system, if you are paying the premiums, then you can avail income tax rebate u/s 80D of ITA of up to Rs.25000 for Indians in the age group of 18 to 60 years while the premiums paid for anyone above 60 years of age reaches Rs.30000 for anyone.
If you’ve view about entering the field of curative billing or coding or wondered what it would take to come to be a curative biller, curative coder or curative insurance specialist, you may be surprised to find out that you don’t need a college degree to enter these fields.
In addition, it won the Claims Award Asia 2015 for the third year running, under the categories of Insurer Claims Team of the Year for Claim Settlement during the Jammu and Kashmir floods, and Claims Innovation of the Year for launching pioneering claim settlement practices for health insurance claims.