Health Insurance Defined
It sounds so technical doesn’t it? Well, not really. All it really means is self-explanatory. HEALTH. INSURANCE. It is your health, insured. This is where the health insurance companies come in. They offer that kind of insurance wherein they pay for medical expenses. There are different insurance companies, whether they be government-sponsored or private.
These insurance agencies ask their clients to pay premiums which will be accumulated all throughout, to serve as their insurance money or “insurance pot.” This money, they can loan to use for their medical check-ups or expenses. With the clients paying certain dues every month, when faced with a very high medical bill, they will not be too shocked with the big expenses.