Health insurance can feel like a daunting puzzle, especially if you’re new to the U.S. system or exploring it for the first time. But don’t worry—understanding the basics can help you make informed decisions that protect your health and finances. Whether you’re an individual, a family, or a senior, this guide breaks down the essentials of U.S. healthcare insurance
What is Healthcare Insurance?
Healthcare insurance is a contract between you and an insurer that helps cover medical costs. You pay a premium, and in return, the insurer pays for a range of health services, from routine check-ups to emergency care. It’s designed to mitigate the high costs of healthcare and ensure you have access to necessary treatments
Why Do You Need Health Insurance?
- Financial Protection: Medical expenses can be exorbitant. Health insurance shields you from unexpected high costs.
- Access to Care: Insurance often provides access to a network of doctors and specialists.
- Preventive Services: Many plans cover preventive care like vaccinations and screenings at no additional cost.
- Legal Requirements: While the federal mandate penalty has been removed, some states still require coverage.
