MEDICALLY UNDERINSURED Meaning and
Definition
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The term "medically underinsured" refers to a situation in which individuals or families have health insurance coverage but face significant financial burdens due to inadequate insurance benefits. While technically having insurance, those who are medically underinsured often find themselves exposed to high out-of-pocket costs for accessing healthcare services or obtaining medication.
A person may be considered medically underinsured if their insurance policy offers limited coverage for medical services, imposes high deductibles or copayments, or places stringent restrictions on the network of providers they can visit. Consequently, even though they have insurance, these individuals may struggle to afford necessary medical care and medications, potentially leading to delayed or forgone treatments, and compromising their overall health and well-being. It is common for those who are medically underinsured to be burdened by excessive medical bills and debt due to uncovered or partially covered healthcare expenses.
The concept of being medically underinsured highlights the gaps and shortcomings in an individual's health insurance coverage, in terms of both the extent of coverage and the financial affordability of obtaining healthcare services. This term is often used in healthcare policy discussions and research to describe individuals who experience inadequate insurance protection against medical expenses despite being enrolled in an insurance plan. Addressing the issue of medically underinsured individuals is crucial to improve access to quality healthcare for all, reduce financial hardships, and ensure comprehensive coverage for necessary medical services.
Common Misspellings for MEDICALLY UNDERINSURED
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Etymology of MEDICALLY UNDERINSURED
The term "medically underinsured" is a combination of the words "medical" and "underinsured".
The word "medical" comes from the Latin word "medicus", which means "of or belonging to medicine". It has its roots in the Greek word "medikos", derived from "medomai" meaning "to take care of".
The term "underinsured" refers to the condition of having insufficient insurance coverage. It is a compound word made up of "under", meaning "below" or "not enough", and "insured", which relates to being covered or protected by insurance.
When these two words are combined, "medically underinsured" refers to individuals who have health insurance coverage but lack the necessary insurance benefits or provisions to fully cover their medical expenses.
