What is health insurance?
Sunday, June 28th, 2009
Health insurance –it pays for medical expenses. This is the general description. Sometimes it would include insurance for disability, long-term nursing or custodial care needs.
Souces: government-sponsored social insurance program, or from private insurance companies.
How: either on a group basis, or individually,
Purpose: to help protect selves from high or unexpected healthcare expenses.
Social welfare programs may be funded by the government.