Health insurance is a type of indemnity that provides financial protection against instances of injury or sickness by covering healthcare costs. There are many types of health insurance, offering different healthcare plans. Health insurance may offer hospital expense coverage, surgery expense coverage, as well as disability income insurance. Likewise, health insurance can help cover costs of routine medical treatment, such as vision care, dental plans, and prescription drug plans. Depending on a policy, some health insurance plans require co-payments for certain medical procedures, treatments, and prescription dugs. Health insurance can be purchased directly from health insurance carriers, life insurance companies, or from insurance brokers. In addition, health insurance is frequently offered by companies to employees as a form of compensation. |
