| We all know that Medical health insurance pays for | | | | Company of Massachusetts, which was founded |
| the medical expenses but now the question is | | | | in 1850. They offered insurance against the |
| what type of medical expenses it covers. Here | | | | injuries from accidents caused by railroads and |
| you have to look at the slow revolution of this | | | | steamboats. Soon after, by the year 1966, about |
| type of insurance. From the beginning to the | | | | sixty companies were found to be offering |
| modern day this health insurance policy has | | | | accidental insurance in the United States. |
| experienced lots of changes and experimentation's | | | | However, the main drawback was that other |
| with itself. | | | | than the accidental insurance the Medicare |
| When we study these changes then we can find | | | | beneficiaries were to pay for all other medical |
| out the answers of our questions. These days | | | | costs. Later during the late 20th century begins |
| the term health insurance is used in a much | | | | the start of the modern health insurance |
| broader concept as it was earlier. Now sometimes | | | | programs. And gradually it evolved and the |
| the health insurance also covers disability costs | | | | present day Medicare policies cover a lot more |
| and also long-term nursing and custodial care if it | | | | things like preventives, emergency health care |
| is needed. Medical insurances are provided by | | | | procedures, prescription drugs and others. |
| government or government-sponsored social | | | | Now beside Medicare policies there are also |
| insurance program as well as private insurance | | | | Medigap policies which can be called Medicare |
| companies. In every case the policy holders are | | | | Supplement Plans. The Medicare Supplement Plans |
| needed to pay its premiums and taxes. And the | | | | or the Medigap policies are supplementary health |
| health care policies will benefit them when the | | | | insurance policies that are sold by the private |
| policy holders need them. The health care policies | | | | insurance companies. These policies are not |
| help protect themselves against the high and | | | | completely independent but actually they are |
| unexpected health care costs. | | | | invented as a supplement to the original Medicare |
| Let us now have a look at the history of the | | | | insurance. These are closely related with the |
| health insurance plans. It was Hugh the Elder | | | | Original Medicare. The purpose of the Medicare |
| Chamberlen from the Peter Chamberlen family, | | | | Supplement Plans is to fill up the gap between the |
| who was the first one to propose about the | | | | policy coverage of the Original Medicare plans and |
| health care insurance plans in 1694. And perhaps | | | | the actual medical bill payable. |
| the accidental insurance was the first among the | | | | That is a reason why these policies are also |
| health insurance policies first launched during the | | | | known as the Medigap plans. However, though |
| late 19th century. This was something like the | | | | these plans are totally administered and sold by |
| modern disability insurance. This type of policies | | | | the private insurance companies still there are only |
| continued till the start of the 20th century. | | | | 12 standard plans under the letter heads A |
| The accidental insurance was first launched in the | | | | through L that they are permitted to sell. |
| United States by the Franklin Health insurance | | | | |