Health insurance is insurance against the risk of incurring medical expenses among individuals.

The insurance company pays out of network providers according to "reasonable and customary" charges, which may be less than the provider's usual fee.

The provider may also have a separate contract with the insurer to accept what amounts to a discounted rate or capitation to the provider's standard charges. system is the most expensive, it consistently under-performs compared to the other countries.

It generally costs the patient less to use an in-network provider. Of the countries surveyed, the results indicated that people in the United States had more out-of-pocket expenses, more disputes with insurance companies than other countries, and more insurance payments denied; paperwork was also higher although Germany had similarly high levels of paperwork. It ensures free universal access to hospital treatment and subsidised out-of-hospital medical treatment.

The Commonwealth Fund, in its annual survey, "Mirror, Mirror on the Wall", compares the performance of the health care systems in Australia, New Zealand, the United Kingdom, Germany, Canada and the U. It is funded by a 1.5% tax levy on all taxpayers, an extra 1% levy on high income earners, as well as general revenue.

Includes insurance for losses from accident, medical expense, disability, or accidental death and dismemberment" (pg. Prescription drug plans are a form of insurance offered through some health insurance plans. S., the patient usually pays a copayment and the prescription drug insurance part or all of the balance for drugs covered in the formulary of the plan.

Such plans are routinely part of national health insurance programs.

For example, in the province of Quebec, Canada, prescription drug insurance is universally required as part of the public health insurance plan, but may be purchased and administered either through private or group plans, or through the public plan.

Some, if not most, health care providers in the United States will agree to bill the insurance company if patients are willing to sign an agreement that they will be responsible for the amount that the insurance company doesn't pay.

The private health system is funded by a number of private health insurance organizations.

The largest of these is Medibank Private Limited, which was, until 2014, a government-owned entity, when it was privatized and listed on the Australian Stock Exchange.

Some private health insurers are 'for profit' enterprises such as Australian Unity, and some are non-profit organizations such as HCF and the HBF Health Fund (HBF).