health insurance

Health Insurance

Health insurance is insurance against possible medical expenses. It may be offered by a private company or by a government sponsored social insurance program. A corporation can purchase group coverage for its employees or an individual can purchase it. Either way, the group or individual pays the premiums for protection from unexpected medical expenses.

Most often health insurance is used for disability from an accident, custodial care or long-term nursing for the elderly or physically challenged people. Insurance companies estimate the overall risk of healthcare expenses and make affordable insurance premiums available.

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