The company generally advertises that they have one of the big insurance companies. An example of a private-funded insurance plan is an employer-sponsored self-funded ERISA plan. (US specific) In the U.S., there are two types of health insurance - tax payer-funded and private-funded.The type and amount of health care costs that will be covered by the health insurance provider are specified in writing, in a member contract or "Evidence of Coverage" booklet for private insurance, or in a national for public insurance. It can also be mandatory for all citizens in the case of national plans. The contract can be renewable (annually, monthly) or lifelong in the case of private insurance. an insurance company or a government) and an individual or his/her sponsor (that is an employer or a community organization).
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