Health insurance is a type of insurance coverage that covers the cost of an insured individual’s medical and surgical expenses. Depending on the type of health insurance coverage, either the insured pays costs out-of-pocket and is then reimbursed, or the insurer makes payments directly to the provider.

Health insurance is a crucial financial safety net that provides individuals and families with peace of mind in times of medical need. It functions as a contract between policyholders and insurance providers, where regular premiums are paid in exchange for coverage of medical expenses. Health insurance covers a wide range of healthcare costs, including doctor visits, hospital stays, surgeries, and prescription medications, reducing the financial burden on policyholders. This essential coverage promotes timely access to healthcare services, encourages preventive care, and safeguards against catastrophic medical bills. With the rising cost of healthcare, health insurance is an indispensable tool for ensuring that people can maintain their well-being without facing crippling financial setbacks.