Health maintenance organization
More commonly known as HMO. Under the HMO, health insurance providers cover health and rehabilitation costs of the clients with the help of accredited medical facilities and professionals. Depending on the provider, HMO covers professional fees, accommodation, and other hospitalization costs.
Medical insurance
On the other hand, provides financial assistance to policyholders when they become inflicted with illnesses or diseases not covered by the HMO. Furthermore, medical insurance policyholders can also receive other benefits such as quarterly cash support, daily hospital income benefit, surgical expense reimbursement, and outpatient cash treatment benefit.
There are health insurances that cover treatments brought about by critical conditions or illnesses such as Alzheimer’s disease, benign brain tumor, bacterial meningitis, Parkinson’s disease, cancer, coma, heart attack, paralysis, stroke, terminal illness and a lot more.