Definition: Health Plan Health Insurance (HPI) - A healthcare insurance policy that provides coverage for a range of health-related expenses, such as medical treatment, hospitalization, prescription drugs, copays, deductibles, co-insurance, and out-of-pocket costs. It may be designed to provide financial support for the patient's care, but it also covers some aspects of the patient's lifestyle and quality of life. The HPI typically includes deductibles, copayments, coinsurance, and other provisions that help cover the cost of medical expenses while allowing patients to choose what they want to pay out-of-pocket.
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