Health Insurance
Health insurance is a type of insurance that provides financial protection to policyholders for medical expenses incurred due to illness or injury. It works by paying a portion or all of the costs of medical care, including doctor visits, hospital stays, prescription drugs, and medical procedures.
In addition to medical care, some health insurance plans may also cover dental, vision, and mental health care services. Most health insurance plans require policyholders to pay monthly premiums, deductibles, and copayments.
When selecting a health insurance plan, it’s important to consider factors such as the plan’s network of providers, coverage options, premiums, deductibles, and copayments. It’s also important to shop around and compare plans from different insurance companies to ensure you’re getting the best coverage for your needs and budget.
Key Points
- Medical Expenses: Covers medical costs, treatments, and prescriptions.
- Preventive Care: Includes screenings and wellness services.
- Emergency Preparedness: Provides financial support during health crises.