Health insurance plays a crucial role in accessing necessary medical care while managing costs. As healthcare expenses continue to rise, understanding the intricacies of health insurance becomes essential for making informed decisions. This article delves into the various aspects of health insurance, the different types of plans available, and tips for effectively navigating your options. #### What is Health Insurance? Health insurance is a contractual agreement between an individual and an insurer that provides financial protection against high medical costs. In exchange for regular premium payments, the insurer agrees to cover a portion of medical expenses, which may include hospital stays, outpatient visits, preventive care, and prescription medications. #### Types of Health Insurance Plans 1. **Health Maintenance Organization (HMO)**: HMO plans require members to choose a primary care physician (PCP) who coordinates all healthcare needs. Referrals are necessary for specialist visi...
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