Health insurance is a contract between an individual or group and an insurance company that provides financial protection for medical expenses. It can help pay for a variety of medical costs, including:
Hospital care
Doctors' services
Medications
Special equipment
Rehabilitation hospital stays
Home health care
Routine check-ups
Immunizations
Cancer screening and counseling
In exchange for health insurance coverage, the policyholder pays a monthly premium. The insurance company will either pay the healthcare provider directly (cashless facility) or reimburse the policyholder for expenses.
There are many different types of health insurance policies, each with a specific set of features, inclusions, and exclusions. When choosing a health insurance plan, it's important to consider what benefits are included, such as pre- and post-hospitalization expenses, ambulance costs, surgery costs, and doctor's consultancy fees.