What does MI mean in INSURANCE

MI stands for Medical Insurance; it is a form of insurance which covers medical costs in the case of illness or injury.

While it can be beneficial to have MI, it is not always necessary and depends on your health needs and preferences.

The cost of MI varies depending on factors such as age and income level of the covered individual, their location, and the type of plan they select.

Generally speaking, most plans cover doctor's visits, hospitalizations, tests, procedures, medications and some preventive services. Specific benefits vary between plans.

Patients may need to meet certain requirements such as obtaining pre-authorization from their insurance companies prior to certain treatments being performed. Additionally, some policies may have deductibles or co-insurance payments that need to be paid before the policy begins covering treatment costs.