• A private health insurance contract is signed with an insurance company, which provides healthcare services in case of an accident or illness.
• Its coverages are directly aimed at people’s health.
• Covering various medical specialties.

Basic concepts of private health insurance

• Medical act: Assistance provided by a single physician or medical team in a consultation or hospital.
• Outpatient medical care: Care provided at the doctor’s office, at the patient’s home, and/or in the hospital or clinic without overnight stay.
• Waiting period: A period from the start date of the insurance or the inclusion of a new insured during which some of the policy guarantees are not in effect.
• Copayment: Amount paid by the insured, as specified in the contract, for each medical act or service.
• Actuarial age: The age of the insured on their nearest birthday, even if it hasn’t been reached yet, based on the effective or renewal date of the policy.
• Deductible: Amount explicitly agreed upon that the insured must pay for certain medical techniques.
• Pre-existing condition: A condition that clearly existed before the insurance contract was signed or the insured was added, with known diagnosis or symptoms.