What is Health Insurance?What it is and why it is important
Health insurance helps to cover an array of medical expenses in exchange for a premium. An effective health plan will provide you with both medical and financial protection in the event of a catastrophic illness—or any major hospitalization or treatment that would likely clean out your bank account.
Key considerations for the health insurance shopper:

Health insurance use to be simple. You could either opt for a fee-for-service (indemnity) plan, which offers the benefits of flexibility and autonomy, or a prepaid managed care plan (HMO), which provides members with comprehensive service and a ready network of health care providers.