What is health insurance?

Health insurance is a type of coverage that provides financial protection against medical expenses. It is a contract between an individual and an insurance company, wherein the individual pays regular premiums in exchange for healthcare benefits. Health insurance helps individuals and families to afford medical services and treatments, including doctor visits, hospital stays, medications, and preventive care. The specifics of coverage can vary depending on the insurance plan chosen, but most health insurance policies also include coverage for emergency care, surgeries, and specialist visits. Health insurance aims to reduce the financial burden of medical costs and ensure access to necessary healthcare services. It provides peace of mind and helps individuals manage and prepare for unexpected medical expenses.