The two broad categories of health insurance are:
Explanation
Health insurance divides into medical expense coverage, which pays for care such as hospital, physician, and surgical services, and disability income coverage, which replaces part of the income lost when the insured cannot work. Life insurance and annuities are separate product lines. Property and casualty is a different branch of insurance entirely. Fixed and variable describe how certain life and annuity products are invested, not health insurance categories. Recognizing these two purposes, paying medical bills versus replacing income, frames all health coverage.
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