Health insurance is a type of insurance coverage designed to pay for medical expenses incurred by the insured. It provides financial protection against high medical costs by covering expenses related to doctor visits, hospital stays, medications, surgeries, and other healthcare services. Health insurance can be purchased individually or provided through an employer, and it can also be a component of government programs or social health schemes.
Health insurance is a vital component of financial planning and healthcare management, offering numerous benefits. It provides financial protection against high medical costs, access to a network of healthcare providers, and coverage for preventive care services. Health insurance offers financial security and peace of mind, supports a range of medical services, and ensures access to specialist care. It provides discounted medical services, emergency medical coverage, and prescription drug coverage. Additionally, it supports mental health services, chronic disease management, and long-term care needs. Many plans also offer wellness programs, maternity and newborn care, and legal and administrative support, making it a comprehensive tool for managing both routine and unexpected healthcare needs.
