Health insurance is a type of insurance that provides coverage for medical expenses. Health insurance can protect people from financial consequences if they experience an illness or injury. Health insurance is also called health care insurance, health maintenance organization (HMO), or simply health coverage.
The History of Health Insurance
Health insurance is one of the oldest forms of protection humans have relied on to ensure their safety and wellbeing. As early as 3000 B.C., Egyptians were using contracts to protect themselves from illness and injury. Over time, the concept of health insurance grew and evolved into the system we know today. Health insurance first originated in medieval Europe as a way to protect people from costly medical bills. As society became more developed, so did health insurance. In 1796, the British Parliament created the first private health insurance company, which soon became popular in Europe. Click here to learn more about Health insurance .
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How to Choose a Plan?
There are two main types of health insurance plans: comprehensive and limited-scope. Comprehensive plans cover all costs associated with healthcare, including hospitalization, doctor visits, and prescription drugs. Limited-scope plans only cover hospitalization and doctor visits. You may also want to consider a policy that covers maternity care, preventive care, and pediatric care.The most important factor to consider when choosing a health insurance plan is your budget. Decide how much money you can afford to spend each month on healthcare and then select a policy that offers the coverage you need at a price that you can afford.If you have children, be sure to check out the child health insurance options available through your policy.