Insurance

Health insurance is a type of insurance that helps cover the cost of an insured person’s medical and surgical expenses. There are different types of health insurance in the USA. Insurers use the term “provider” to describe a clinic, hospital, doctor, laboratory, healthcare practitioner, or pharmacy that provides treatment for an individual’s condition. The “insured” is the owner of the  health insurance  policy or the person with the health insurance coverage. In this article, learn more about what health insurance is, why it is important, types of plan, and legislation details. Depending on the type of health insurance coverage a person has, either the insured pays costs out of pocket and receives reimbursement, or the insurer makes payments directly to the provider. In countries without universal healthcare coverage, such as the United States, health insurance is commonly included in employer benefit packages. Following the introduction of the  Affordable Care Act ...