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What
is health insurance?
Health insurance is insurance against loss by
illness or bodily injury. Health insurance is usually provided as an indemnity
plan or through a managed care program such as an HMO, PPO or POS. Policies
differ in the amount of the deductible and/or co-payment and limits of coverage.
Health insurance provides
coverage for medicine, visits to the doctor or emergency room, hospital stays
and other medical expenses.
Why
would you need health insurance?
Many people realize health insurance is a
necessity to protect their families from financial loss due to illness or
injury. In addition, purchasing health insurance today is better than buying it
tomorrow, because the older you are the more it will initially cost.
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