Health insurance is a contractual arrangement between an individual or group and an insurance provider wherein the insurer agrees to cover a portion or the entirety of the costs associated with medical and healthcare services. In exchange for regular premium payments, policyholders gain financial protection against unexpected medical expenses such as hospitalization, surgeries, doctor visits, prescription drugs, and other healthcare-related services. Health insurance aims to mitigate the financial burden of healthcare by spreading the risk among a large pool of insured individuals, ensuring access to necessary medical care while helping to manage and plan for healthcare costs.
