 |
| Commercial Health Insurance |
What is commercial healthinsurance? It is a type of financial
services which is very complex
involving three elements cannot be separated. They are the participant or the enrollee,
the service providers and the insurance agent or insurer. Efficiency
and profit are
the main demands as the financial service company. The
commercial health insurance is also called
the private health insurance. Business insurance is a voluntary agreement, held on
self-determination with a view to
protect the illness or the accident. In general, private insurance managed
by private companies, firms, and governments.
The commercial insurance is now
developing into the regulated health insurance. The World Bank reported in 1988 that the insurance should take place as the substitute of the principle of commercial or private health insurance. By
registering as a client of the policyholder in an insurance service provider,
the customer will get a guaranteed return on investment at the end of the
contract. The insurance which is earmarked for the investment also gives the
flexibility in choosing the insurance period. There will be three options when
the insurance period the policyholder clients such as 5 until 10 years. The
commercial insurance can help the customer to organize the finance. The
obligation to pay the premium paid on a regular basis actually indirectly
forces the customer to provide a reserve fund that is used in sudden event like
illness or accident. The health insurance will help you to reduce unexpected
expenses are usually much higher than the daily routine expenses or even
monthly. With the healthcare insurance, the customer doesn’t need to pay full
or even pay zero money because the service provider has prepared the
compensation.
The advantages of the commercial health financing system
·
The agent or the
organizer is not limited
·
The management or the
provider is responsive and creative
·
The insurance has
various services or products
·
The claim is easy to
manage and straightforward.
·
The service is good
so the customer is satisfy
·
The insurance
provides the additional products based on the customer needs
The disadvantages of commercial health financing system
·
There is cross
subsidies through the customer
·
Sometimes, the
insurance don’t cover the whole need
·
The premium paid is
high
·
The administration
fee is high cost
·
The high cost for the
promotion and the product marketing
It must be realized that there is no perfect
health financing system. But in the other side, every
people must realize that the health insurance is
as important as the need of food, clothes, and home.
0 Response to "Commercial Health Insurance"
Posting Komentar