The logic is that when patients are fully covered (i.e., have health plans with low deductibles), they are less concerned about their health and less concerned about their costs when seeking treatment. In certain cases where events turn out unexpectedly, health insurance has proven to be a great help and financial aid. For more details click Elementary Health. When you’re sick and your health is in jeopardy, and your finances don’t seem to be able to keep up with the cost of your care, health insurance can help. You will notice a significant improvement in your situation if you have a good health insurance plan in place. INTRODUCTION – In the United States, the term “health insurance” refers to any program that assists in the payment of medical expenses, whether through privately purchased insurance, social insurance, or a government-funded non-insurance social welfare program. “Health coverage,” “health care coverage,” “health benefits,” and “medical insurance” are examples of synonyms for this phrase. In a more technical sense, the term refers to any type of insurance that protects against bodily harm or illness. Health insurance plans can be divided into two categories. The indemnity plans, which include fee-for-services, are your first choice, while managed care plans are your second choice. The providers’ choices, the amount of bills the policyholder must pay, and the services covered by the policy are the main differences between these two. As you’ve probably heard, there is no such thing as the “ultimate” or “best” plan for anyone. As you can see, some plans are likely to be far superior to others. Some of them might be beneficial to your health and medical needs, as well as those of your family. However, even with the attractive health insurance plan terms on offer, there are always some disadvantages to consider. The key is to carefully weigh the advantages and disadvantages.