Health Insurance

Health insurance is a type of insurance coverage that pays for medical and surgical expenses incurred by the insured. It is an agreement between the policy holder and the insurance company, where the latter pays for the medical expenses in exchange for a premium. The policy holder may have to pay a deductible, co-pay, or co-insurance before the insurance company starts covering the expenses.
The purpose of health insurance is to help the policy holder manage their medical expenses and reduce the financial burden of paying for medical care. The types of health insurance coverage can include individual, group, employer-sponsored, and government-sponsored plans.