Health insurance is a type of insurance coverage that pays for medical and surgical expenses incurred by the insured. It is a form of risk management primarily used to hedge against the risk of incurring medical expenses among individuals. By estimating the overall risk of health care expenses among a targeted group, an insurer can develop a routine finance structure, such as a monthly premium or payroll tax, to ensure that money is available to pay for the health care benefits specified in the insurance agreement.

There are different types of health insurance plans available, including:

  1. HMO (Health Maintenance Organization)
  2. PPO (Preferred Provider Organization)
  3. POS (Point of Service)
  4. EPO (Exclusive Provider Organization)
  5. HDHP (High Deductible Health Plan)
  6. Catastrophic health insurance
  7. Short-term health insurance
  8. Indemnity health insurance

Each type of plan offers different levels of coverage and has its own set of pros and cons. It's important to research and compare plans to find one that best fits your needs and budget.

Access to health insurance is an important aspect of overall health and well-being. It enables individuals to receive necessary medical care without incurring significant financial hardship. In some countries, health insurance is provided by the government, while in others it is provided by private companies. It is important for individuals to have access to health insurance to ensure that they can receive the medical care they need when they need it.

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