What is Health Insurance?
Health insurance is a financial arrangement that provides coverage for medical expenses incurred due to illnesses, injuries, or other health-related issues. It acts as a safety net, protecting individuals from high healthcare costs and ensuring access to necessary medical services.
Types of Health Insurance
There are various types of health insurance plans available. The most common include employer-sponsored insurance, individual insurance policies, and government-funded programs like Medicare and Medicaid. Each type offers different levels of coverage, costs, and eligibility criteria.
The Importance of Health Insurance
Having health insurance is crucial for financial safety and access to healthcare. Without it, unexpected medical events can lead to overwhelming expenses. Insurance plans typically cover essential services such as hospitalization, preventive care, surgeries, and prescription medications. Obtaining health insurance not only contributes to personal well-being but also fosters a healthier society overall by promoting routine check-ups and timely medical interventions.