About Extended Health Insurance Plans
Health insurance provides coverage for medical expenses, and some health insurance plans pay for loss of income that occurs as the result of an injury or illness. Many commercial insurers offer major or comprehensive health policies and extended policies.-
Health Insurance Plans
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The comprehensive health insurance plan provides coverage for medical bills and hospital bills. However, some major health insurance plans only offer a limited amount of coverage. Therefore, extended health insurance plans can provide coverage for the additional medical expenses not provided by the standard health coverage.
Types of Extended Health Plans
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A variety of extended health insurance plans are offered by commercial insurers. Some of the common health plans include hospitalization insurance, dental expense benefits, prescription coverage and long-term care insurance.
Purchase Options
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Extended health insurance plans can be purchased on an individual or group basis. Group policies are generally offered through employers and group organizations. Individual insurance policies are typically offered to self-employed individuals and families, as well as small companies. Moreover, an individual may have a provincial health insurance policy in addition to an extended health insurance policy.
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