What is Health Insurance and Why is it Important?

 What is Health Insurance and Why is it Important?


Health insurance is a legal entitlement to payment or reimbursement for your health care costs, generally
under a contract with a health insurance company. Health insurance provides important financial
protection in case you have an accident or sickness. For example, health insurance may help to pay for
doctors’ services, medications, hospital care, and special equipment when someone is sick or injured, often
in exchange for a monthly premium. It may help cover a stay at a rehabilitation hospital or even a portion
of home health care. Heath insurance can also keep a consumer’s costs down when they are not sick. For
example, it can help pay for routine check-ups. Most health insurance also covers many preventive services
at no cost, such as immunizations and cancer screening and counseling

 

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