Health insurance is a type of financial protection that helps pay for eligible health care services and medical expenses. Instead of paying the entire cost of covered care yourself, you pay for an insurance plan and, depending on the plan, share some of the costs when you receive medical care.
Understanding how health insurance works can help you choose a plan that fits your health needs and budget. However, health insurance policies differ by country, insurer, employer, and plan, so you should always check the specific terms of a policy before making a decision.
This guide explains the basic parts of health insurance, including premiums, deductibles, copayments, coinsurance, provider networks, and out-of-pocket limits.
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