What is health insurance?

Posted by riya on June 28th, 2018

Health insurance is one of the type of insurance coverage that covers the cost of an insured individual's medical, surgical expenses and so on. Affordable Care Act requires certain health benefits be covered in all health plans. It also tells that every health insurance company is unique in what coverage they provide and how much those covered benefits cost.  Taking health insurance is one of those things an individual cannot ignore. Inflation in medicare or medical treatment is a lot higher when compared to general inflation ,or inflation in other categories like food and clothing. While inflation in most categories is in single digits, inflation in medicare is often higher than others.

The policy continues even after the benefit payment on selected illnesses, such that with health insurance, ew are assured of a more secure future both health-wise and money-wise. This makes health insurance policiescritical for individuals, especially if they are responsible for the financial well-being of the family.For more