Healthcare Vs. Health Insurance

​Healthcare and medical insurance are frequently used simultaneously but mean essentially the same thing. But healthcare, which might include doctor's visits, preventive services, and medications, is very different from insurance coverage, which only pays for medical expenses.

Healthcare delivery is where things can get complicated. Unfortunately, not all patients who need medical attention are covered by insurance. Carefully comparing healthcare versus health insurance will help you make an informed decision.

What Are Their Differences?
Medical care is what allows individuals to receive medical attention. On the other hand, health insurance provides financial protection in the event of a health-related loss.

People with health insurance might not have it because they pay for it themselves but because they receive it from the administration or a subscription group. To further understand their purpose, continue reading this article.

Healthcare Defined
Healthcare is "the scientific discipline concerned with maintaining or restoring physical or mental health," according to Webster. This includes all "practices or techniques" used to maintain a person's physical or psychological well-being.

Disease detection, management, and avoidance are all part of this field. Modern medicine is merely one part of healthcare. In recent years, healthcare has expanded greatly because of scientific and technological breakthroughs.

Health Insurance Defined
Medical insurance is a form of financial protection against financial losses caused by medical emergencies. You may use it to pay for prescriptions, physician or ER visits, hospitalization, and more. Although health insurance is a component of the healthcare "sector" as a whole, it is not healthcare itself.

In most cases, a health insurance policy will pay for medical bills that the policyholder incurs due to an accident or disease. Health insurance costs are tax-exempt, and payouts are not subject to income tax.

Types of Health Care
Differentiating the types of Health Care from Health Insurance:

1. Healthcare in its Various Forms
Organizational delivery of health services to individuals or populations. Examples of this are:

• Aid for the Elderly and People Living in the Community
• Emergency Medical Attention
• Symptom Checkups
• Secondary, Tertiary, and Quaternary Care 

2. Health Insurance in its Various Forms
Coverage in case of financial loss because of sickness. Some instances of this include:

• Essential Health Coverage
• Essential Health Benefits
• Health Care Financial Security
• Insurance Coverage Extending Beyond Basic Health Care
• Protection from Serious Illness Policies
• Disability Income Insurance
• Healthcare Coverage for the Long Term

Health is Wealth!
To rein in the ever-increasing expense of medical treatment, it is crucial to understand the distinction between these phrases. When fully grasped, health insurance gives policyholders considerable protection against the high expenses of unexpected medical emergencies.

At Arnold, Bruce & Doerfler Insurance, we put our clients first by offering them policies that they can afford. Having insurance is a necessity nowadays and we're here to help you out. Learn more about our products and services by calling our agency at (503) 222-1951. You can also request a free quote by CLICKING HERE. Topics and coverage discussed in this article are not guaranteed, consult with your agents to determine what your policy does and does not cover. We are more than happy to help!