Health Insurance

Health Insurance is a type of insurance coverage that pays for medical and surgical expenses incurred by the insured. Health insurance can reimburse the insured for expenses incurred from illness or injury, or pay the care provider directly.

Overview

Health insurance is a contract between the insurer and the insured that includes coverage for medical costs. The insured pays a premium in return for the coverage, which can be provided through a government agency, private business, or non-profit organization.

Types of Health Insurance

There are several types of health insurance, including:

• Private Health Insurance - This is often provided through employers, but you can also purchase it individually. Most private insurance comes from employer-sponsored group health plans.
• Public Health Coverage - Government-provided health insurance, including Medicare, Medicaid, and the Children’s Health Insurance Program (CHIP).
• Managed Care Plans - These are a type of health insurance plan that contract with health care providers and medical facilities to provide care for members at lower costs.

Benefits of Health Insurance

Health insurance provides several benefits:

• It protects you from high, unexpected costs.
• With insurance, you have access to a network of doctors and hospitals.
• It provides preventive care, like vaccines and check-ups, which is free.

Health Insurance in the United States

In the United States, health insurance is a major source of funding for medical and health-related services. The health insurance system in the United States is complex and includes a mix of public and private funding.

See Also

• Healthcare in the United States
• Healthcare reform in the United States
• Universal health care

References

Health Insurance Resources
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