Health Insurance
What Does Health Insurance Mean?
Health insurance refers to a policy that covers medical expenses resulting from illnesses or accidents that require medical care. As it pertains to healthcare, the coverage typically includes medical expenses and the cost of hospitalization.
Insuranceopedia Explains Health Insurance
Health insurance acts as a protective measure against the risks associated with illness or sickness. Governments, companies, and organizations typically provide this type of insurance to their citizens, employees, and members, respectively. The insured needs to be well-informed about the coverage of their policy, as certain medical services may not be included. In such cases, the insured can either modify the policy’s coverage (if possible) or purchase additional insurance. For example, some health insurance policies may not cover dental care or maternity services. As a result, an individual may choose to buy an additional policy to address dental health needs or provide maternity coverage in the future.
