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What is Health Insurance?

Learn more about the basic principles underlying insurance products (including auto, homeowner’s, renters, etc.)

Health insurance is a product designed to cover the cost of planned preventive care and the cost of unpredictable high cost health needs that could cause a financial setback or bankrupt you.  Depending on the plan, the amount you pay for the monthly premium, visits to doctors and percentage for hospital charges will vary.  Health insurance, like other types of insurances, can help you maintain financial stability by providing a financial cushion for unexpected high costs (catastrophic) health events. 

What are the basic principles of an insurance product (auto, homeowner, renters, etc).

Having comprehensive, affordable health insurance matters to everyone. Individuals and families with health insurance have greater access to healthcare services which can lead to longer, healthier lives.