Definition of Private Insurance

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Private insurance is just the opposite of public insurance. Get a definition of private insurance with help from an expert at Combs & Company in this free video clip.

Part of the Video Series: Insurance Questions Answered
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Video Transcript

Hi, my name is Susan Combs, and today we're gonna talk about the definition of private insurance. Private insurance is just the opposite of public insurance. I mean public insurance is going to be, you know, coverage that you can get through state agencies or through the government. Private is going to be that you go out on your own and you enter into a contract with the insurance carriers directly. So, you know, maybe this is as an employer, you're wanting to have private insurance for your employees so that they can go to the doctor and pay a co-pay and pay co-pays when they go to the hospital. You know, regardless if you, you know, go to the carrier directly or you go to a broker, the main this is, is you really need to understand how you're utilizing health insurance and to pick a plan according to this. So the best thing to do is to talk to a broker and see either if they specialize in individuals if you're an individual, or specializes in groups if you're a group, and see what's going to be the best solution for you.


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