Limited Benefit Health Insurance pays less for an insured person than a major medical insurance plan. However, they are a good option for people who are suffering from a particular condition and find it difficult to secure covers otherwise.
Limited Benefit Health Insurance normally covers specific health care needs, for instance:
- Expenses at the hospital.
- Expenses on surgery.
- Coverage provided up to a certain limit for hospital care and other expenses.
- Coverage for accidents only.
- Coverage for specified diseases such as vision insurance, cancer and dental care.
Two separate covers are offered under health insurance. This includes discount health plans and supplemental health insurance. These are different from health insurance.