WHAT TO KNOW ABOUT HEALTH INSURANCE.

Health insurance or medical insurance is a type of insurance that helps cover the cost of an insured person’s medical and surgical expenses.
The “insured” is the owner of the health insurance cover or the person with the health insurance policy.
As with other types of insurance, risk is shared among many individuals. By estimating the overall risk of health risk and health system expenses over the risk pool, an insurer can develop a routine finance structure, such as a monthly premium or payroll tax, to provide the money to pay for the health care benefits specified in the health insurance agreement.

Types

There are two main types of health insurance: private health insurance and public, or government health insurance. There are also a few other, more specific types.

Private health insurance

Private health insurance refers to health insurance plans marketed by the private health insurance industry, Private health insurance currently covers a little more than half of the U.S. population.
The Centers for Disease Control and Prevention (CDC) say that the U.S. healthcare system relies heavily on private health insurance. In the National Health Interview Survey, researchers found that 63.7%Trusted Source of people under the age of 65 years in the U.S. have a type of private health insurance coverage.

Public,orgovernment,healthinsurance

Public health insurance is government-sponsored.
with this type of insurance, the state subsidizes healthcare in exchange for a premium. Medicare, Medicaid, the Veterans Health Administration, and the Indian Health Service are examples of public health insurance in the U.S.

Other types of health insurance

* Managed care plans
* Indemnity, or Fee-for-Service, plans
* Health Maintenance Organization plans
* Point-of-Service plans

Summary
Health insurance helps covers the cost of an insured individual’s medical and surgical expenses. There are various plan types, and they vary in terms of what they cover and how a person can access treatment.

Currently, a person in the U.S. must have some form of health insurance coverage. Anyone without a form of coverage may need to pay a fine.